New Provisions on Charge over Account

February 28, 2005 | BY

clpstaff &clp articles

By David Yu and Eric [email protected]; [email protected] exporting companies generally are entitled to tax refunds of some taxes paid.…

By David Yu and Eric Liu

[email protected]; [email protected]

PRC exporting companies generally are entitled to tax refunds of some taxes paid. It is common that export companies take such refunds as security for borrowing from a bank. The bank would use the refunded proceeds to satisfy the debts owed by the export company.

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