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  • China Tax Weekly Update - Issue 29

China Tax Weekly Update - Issue 29

China Tax Weekly Update - Issue 29

China Tax Weekly Update
  • G20 meeting held in Chengdu
  • New development of taxi industry
    • State Council issues the guidance to push forward the reform of taxi industry (Guo Ban Fa [2016] No. 58)
    • Provisional administrative measures for internet-booked taxi services (Joint Decree [2016] No. 60 by seven ministries including Ministry of Transport)
  • China to strengthen administration on Internet Advertising (SAIC Order No. 87)
  • Further VAT implementation rules
    • SAT’s announcement on issuance of red letter VAT Invoices (SAT Announcement [2016] No. 47)
    • SAT strengthens the administration on VAT control system (Shui Zong Han [2016] No. 368)
  • New measures to facilitate export enterprises (SAT Announcement [2016] No. 46)
  • State Council issues guideline on reorganization of SOEs (Guo Ban Fa [2016] No. 56)
  • China set up one new National Independent Innovation Demonstration Zone (NIIDZ) (Guo Han [2016] No. 130)
  • SAIC to facilitate trademark registration (Gong Shang Biao Zi [2016] No. 139)
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