The Announcement allows tax exemption, setoff and refund of tax of integrated circuit design, software design and animation design enterprises to be extended to entrustment of processing.
The Provisions set forth the requirements and application procedures for establishment of publication general distributors, wholsalers, retailers, and leasing and chain enterprises.
A new circular eases the approval process for overseas players engaging in online sales and business through vending machines. It clarifies the types of business activities foreign enterprises can partake in, but still lacks guidelines on what distinguishes a for-profit internet content provider from a non-profit one
Circular on Issues Relevant to the Examination, Approval and Administration of Foreign-invested Projects for Sales Effected over the Internet and by Vending Machines