Stable growth momentum continues in first quarter though uncertainties remain The 2019 World Economic Outlook released by the International Monetary Fund(IMF)on April 9 forecasts a decline in growth this year for 70 p...
China will continue its tax reform with further reductions to benefit the economy ‘Given the government’s measures todeepenthereformofvalueadded tax (VAT) launched in May,ourcompanyexpectstosavemorethan10 million yu...
Massive Tax Cuts China's vatue-added tax (VAT)Chinas value-added tax (VAT) reform has reduced taxes for enterprises by more than 1 trillion yuan ($150.61 billion) since its nationwide launch in May 2016.
As the world financial crisis has taken hold, China’s Central Government moved to increase the value-added tax (VAT) refund rates on several industries in an effort to boost production. For example, China has increas...
Companies will come out on top when the value-added tax reform scheme goes into effect next year, although the government will lose at least 100 billion yuan in annual revenue
More details are emerging about the government’s 370-billion-yuaneconomic stimulus package for 2009 Acouple of recent reports detailing thegovernment’s plan to further stimu-late the country’s economy next yearhave...
This is the second of a series of articles on 2007 audit requirements for wholly foreign-owned enterprises (WFOEs), foreign-invest- ed enterprises (FIEs) and joint ventures (JVs) in China