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New enterprise income tax proposal submitted to legislative committee

|Proposed Changes|China (People's Rep,)
China (People's Rep,)

It has been reported that the Standing Committee of the People's National Congress has approved the legislative plan for the year 2006, which incorporates the new enterprise income tax. This means that the new enterprise income tax has been officially included in the legislative process. The new enterprise income tax is expected to unify the two enterprise income taxes, and bring an end to the cur…

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