Levy of VAT clarified for mixed sales.
February 09, 2009
Retail Trade and Distribution
The Implementing Rules clarify the levy of VAT for mixed sales and the definition of "small taxpayer".
February 09, 2009“Sale” and “for consideration” defined for consumption tax purposes.
February 09, 2009More high-end products subject to consumption tax.
December 18, 2008VAT system changed from production-based to consumption-based.
December 18, 2008Grosvenor has set up a joint venture with Vega Property Group to establish the US$250 million Grosvenor Vega-China Retail Fund.The fund will focus on investments…
December 18, 2008VAT system changed from production-based to consumption-based.
December 18, 2008According 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.
December 18, 2008A sweeping VAT reform takes place in China on January 1 2009. It will benefit many domestic companies but could block the cash-flow of some foreign invested enterprises, removing advantages enjoyed under the old tax regime. By Joanna Law.
December 18, 2008Approval procedures for commercial FIEs streamlined.
November 10, 2008