China’s Reformation of VAT: Focus on financial and construction/real estate industry and lifestyle services Jun07

China’s Reformation of VAT: Focus on financial and construction/real estate industry and lifestyle services

On 18 March 2016, Executive Meetings of the State Council decided to expand the scope of the Value Added Tax (VAT) and replace Business Tax (BT) with VAT since May 1st 2016. Therefore, more industries including construction, real estate, financial services and lifestyle service, such as food and beverage, hospitality and healthcare, ...

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Patents in India Jun07

Patents in India

India adheres to the Paris Convention (1883-1976), the PCT Treaty (1970), and the Budapest Treaty for the International recognition of the deposit of microorganism for patent purposes of 1977. Since from 1967, India is also a member of WIPO. At national level, India enacted a law on patents (Patent Act, dating back to 1970, with ...

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Russian Love Chinese Smartphones Jun07

Russian Love Chinese Smartphones

It is not a surprise, that Chinese smartphones nowadays are growing popularity not only in Russia, but all over the world. According to one of the biggest Russian mobile phone retailer, Svyaznoy, the most popular smartphones in Russian audience are Chinese-brands smartphones, among which Lenovo and ZTE. In January-February of this...

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Expatriate Employment in China: Dealing with Laws and Practical Requirements Jun07

Expatriate Employment in China: Dealing with Laws and Practical Requirements

Accompany with the rapid development of the foreign direct investment in China, there are more and more foreigners coming into China to work. However, lots of foreign employees did not go through the legal formalities before their employment in China; in such cases, it is difficult for the Court to confirm the employment relationship...

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Machinery Export Quota from Italy to China Jun07

Machinery Export Quota from Italy to China

According to the data by the Ministry of Economic Development of the Italian Republic, the total volume of foreign trade between China and Italy in January, 2016 was € 3.257 billion, with year-on-year growth (the same below) of 1.2%. The volume of Italy’s export to China was € 608 million, dropped by 12.0%; in comparison, the v...

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e-commerce joy and sorrow Jun07

e-commerce joy and sorrow

On March 24th, 2016 a notification concerning changes in the cross-border e-commerce retail import tax policies has been jointly published by the Ministry of Finance of the People’s Republic of China, the China’s General Administration of Customs, and the China’s State Administration of Taxation. This policy renewal sets forth ...

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FOREIGN INVESTMENT IN INDIA Jun07

FOREIGN INVESTMENT IN INDIA

India has lately been on the forefront of investments and has developed policies and implemented reforms in order to attract them. In particular, India provides many opportunities to foreign companies to grow and strengthen their business: the foreign investments are governed by the rules and policies of the Company Law Act, the Fore...

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Will the new tax policy affect the spring of the cross-border e-commerce retail?” May12

Will the new tax policy affect the spring of the cross-border e-commerce retail?”

On March 24th, 2016 a notification concerning changes in the cross-border e-commerce retail import tax policies has been jointly published by the Ministry of Finance of the People’s Republic of China, the China’s General Administration of Customs,and the China’s State Adminis...

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WHAT YOU NEED TO KNOW ABOUT COPYRIGHT LAW IN CHINA Dec16

WHAT YOU NEED TO KNOW ABOUT COPYRIGHT LAW IN CHINA

  The Copyright Law of the People’s Republic of China (hereinafter referred to as the Copyright Law) adopted on 7th September, 1990, was amended for the first time in 2001 and for the second time in 2010. Amendment to the Copyright Law for the third time is now underway. In addition, there are many other laws, regulations, ...

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