Threshold of annual sales amount for offshore electronic service suppliers to apply for taxation registration has been adjusted.

The period to apply for the application of the Income Tax Agreements has been extended from 5 years to 10 years!

If a profit-seeking enterprise uses surplus earnings to make substantial investment and reports it as deduction from undistributed earnings, it must pay the supplementary tax previously deducted for the investment transferred or sold within three years.

Profit-seeking enterprises that omit filing income from exercising right of disgorgement shall be punished.

Taxpayers Who Meet the Definition of Resident Shall Be Required to File the Consolidated Income Tax Return