China’s VAT cut benefits import enterprises BEIJING – China’s import enterprises saw their tax burden significantly reduced last month as the country lowered value-added tax (VAT) rates to further lighten the financial pressure of enterprises. Starting April 1, taxpayers previously subject to the 16-percent VAT rate on their imported goods would enjoy a 13-percent VAT…
China’s efforts on opening-up MORE ATTRACTIVE BUSINESS ENVIRONMENT Streamlining the approval process of construction projects, optimizing custom clearance process of cross-border trade, and drafting and revising related business regulations are the latest efforts to improve the business environment. The efforts in improving the business environment have yielded positive results, with China ranking 46th globally for…
Layout for the second import expo released The exhibition area for the second edition of the China International Import Expo will be larger than the first, according to the new layout the organizers released. The event’s business exhibition section will feature seven categories as well as an outdoor exhibition area to accommodate more exhibitors. The…
Second edition of CIIE to be bigger, better and more immersive The second China International Import Expo is expected to display high-end consumer goods, establish a unified “product debut” area, and have interactive modules that will provide visitors a more immersive exhibition experience. These are just some of the new features that will be introduced…