China’s General Administration of Customs, Ministry of Finance and State Administration of Taxation jointly announced that they will be expanding the scope of the national export tax rebate pilot program to cover eight ports starting from September 1.
Provisions clarifying the tax liabilities in China for foreign transportation service providers doing business with Chinese charterers are due to come into effect on August 1, 2014.
The tools used by China for the protection of intellectual property are the same as in most other countries, but their effectiveness has historically failed to inspire confidence among foreign investors. This is poised to change, however, in light of China’s new Trademark Law.
Foreign wine has been pouring into China, growing sevenfold over the last six years and increasing to 19 percent of the total domestic market.
Several major cities in Guangdong, including Shenzhen, Dongguan and Guangzhou, recently released details on their average wages in 2013, which are used as the base figures to calculate the minimum and maximum contributions to social insurance and housing funds for employees.