Annual Inspection of WOFE

According to Shangzihan [2012] No. 98, the circular issued by six relevant governmental departments on 29th February 2012, the submission of the Annual Inspection documents for 2012 for FIEs will start from 1st March 2012.

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Further regulations regarding tax reform in Shanghai

Following what we introduced in our last edition in respect of the tax reform pilot program in Shanghai, State Administration of Taxation (“SAT”) released its Decree No.65 on 2nd December, 2011 to clarify on the criteria for registering as a General Tax Payer (“GTP”), which will become effective from 1st January, 2012.

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Central Economic Conference detailed five-year plan for economic development

Central Economic Conference took place on 10th December 2010 in Beijing. It was a meeting of the Central Committee of the Communist Party and the State Council held at the end of every year since 1994. It aims to review the country’s economic conditions in the past years and make plans for future years.

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China would continue its policies next year

China would continue to adopt the proactive fiscal policy and moderately easy monetary policy next year and endeavor to improve the economic growth quality, according to the Central Economic Work Conference. President Hu Jintao and Premier Wen Jiabao addressed the meeting, which is held once a year to set the tone for economic development for the following year.

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China’s Economic Presents for Christmas

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Team Up With Others

Being a senior citizen, I can remember when competitors were other local companies located down the street or across town. Companies like McDonalds (1960’s) and Wal-Mart (1980’s) changed all that, and today mom and pop stores have gone the way of the Model-T. While these two companies are representative of the many businesses who are truly international in scope today, the new generation of companies, such as Microsoft, Yahoo, Amazon and Dell – are Internet-based businesses that can cheaply and efficiently reach potential clients in the remotest outposts.

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