Full Text Translation

The Guidelines list the application materials required for reporting of concentrations of business operators and set forth the permission procedure thereof.

Definition of services provided in the PRC that are subject to business tax clarified.

The Implementing Rules clarify the levy of VAT for mixed sales and the definition of "small taxpayer".

According to the Opinion, concentrations of business operators that are conducted by way of a merger shall be reported by all of the business operators that are parties to the merger.

The Opinion requires an account of the effect of a concentration of business operators on competition in the relevant market when reporting a concentration of business operators.

“Sale” and “for consideration” defined for consumption tax purposes.

The revised Law now requires any work unit or individual wishing to apply for a patent in a foreign country for an invention or utility model completed in China to first submit such invention or utility model to the State Council's patent administrative department for a confidentiality review.

VAT system changed from production-based to consumption-based.

According to the revised Regulations, the amount of consumption tax payable may be calculated ad valorem, at a flat rate or by a combination of the two.