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July 2009 Contents Online Fapiaos: China trials new online system for official tax receipts. More... Changes to Tax Administraion in China in China: The State Administration for Taxation announces its new approach to tax administration. More... Beijing GuangHui Jiyuan Trade Limited (Guanghui) Company: SAT hands down heavy fine and prison sentences for tax evasion. More... Related Parties: The concept of "related party" for the purposes of China's tax law is explained and it is noted that the concept has a relatively broad scope. More... Controlled foreign companies: An outline is provided of when the income of a subsidiary will be attributed to a Chinese parent company. More... Lehman, Lee & Xu's corporate and international taxation team, in association with Lehman Tax & Accounting, offers clients unrivalled and comprehensive services relating to both Chinese and international taxation matters, and provides a high standard of technical expertise with a practical and commercial approach. For more information, please visit: Lehman, Lee & Xu - www.lehmanlaw.com | |||
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