OrbitaxImplementation Rules to New Corporate Income Tax Law published
|Approved Changes| China
The State Council published the long-awaited Implementation Rules of the New Corporate Income Tax Law on 11 December 2007. The Rules will become effective as from 1 January 2008.
General concepts
The Rules contain clarifications of the concepts of "effective management" and "establishment and site" as used in the new Corporate Income Tax Law (CITL). For the…
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