Monthly Archives: July 2016

SAT, PBC Sign MOU to Punish Blacklisted Enterprises

The SAT's Inspection Department signed an MOU on Exchanging Information on Grave Tax-related Cases (the MOU) with the Credit Reference Center of the People's Bank of China on December 9, 2014 to achieve the real-time exchange between the information of grave tax offences and personal financial credit information, which will play a positive role in...
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Shanghai Enterprises Gear up Pace of Overseas Investment

Shanghai registered 643 outbound investment projects in the first five months of this year, involving US$13.16 billion, up 228 percent from a year earlier. The amount represents 17.9 percent of the national total in the period, officials said. Shanghai companies and private equity funds showed big interest in overseas mergers and acquisitions, particularly in areas of...
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The Changes to Taxpayer ID after Three-in-one Integration

To push forward the registration system reform of three-in-one certificate with a unified code and better align the unified social credit code with the taxpayer ID number of legal persons and other organizations, the State Administration of Taxation (SAT) recently released the Announcement on Revising the Standards for Taxpayer ID Number, specifying that the taxpayer...
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