China’s Corporate Income Tax Law: Tax RateThe tax rate of corporate income tax is the statutory ratio used to calculate the amount of corporate income tax payable. According to the latest Corporate Income Tax Law of the PRC, enacted in 2008 (hereinafter referred to as the Corporate Income Tax Law), the general tax rat…
China’s Corporate Income Tax Law: Taxpayers In the PRC, the currently existing law governing corporate income tax is the Corporate Income Tax Law of the PRC (the “Law”) that came into effect on January 1, 2008, which is also the basis for government regulations in this respect.According to the Law, taxpayers of corpo…
A man who has attained to the age of 22 years and a woman who has attained to the age of 20 may enter into a marriage according to the Civil Code of the People’s Republic of China. If a man or woman under the above legal age for marriage enters into a marriage under coercion or for other reasons, either spouse or their…
If spouses enter into a loan agreement in respect of an asset that is their community property during their marriage, and the borrower intends to use the loan for his/her person affairs or business purposes, rather than for family use, the loan agreement may be deemed as a property division agreement. Such an agreement …
Yanzhao Evening News reported, on May 28th, 2007, that the Vehicle Cleaning Committee of Shijiazhuang City Appearance and Environmental Hygiene Association issued a unified pricing guideline for Shijiazhuang's motor vehicle cleaning industry to safeguard the interests of vehicle cleaning businesses and regulate the …
A catering company put up a banner on its premise saying "One gift for one purchase at noon and one gift for two purchases in the evening", but did not indicate the name and quantity of the complimentary products. After the customer consumed a catty of beef, only a dish of mutton with lower value was given as …
A store in Henan Province sold refined sugar in bags, indicating a weight of 1000 grams per bag. However, the actual weight of each bag was only 75 grams, and the quantity did not match the price. Which form of price fraud should such act be classified as?Reference answers:It is a price fraud where quality or quantity …
(I) Legal liabilities of business operators(1) Civil liability: The illegal pricing acts of business operators damage not only the social and economic management order but also the interests of other business operators and consumers. Illegal pricing acts constitute tort in civil law, and civil liability should be impose…
Robert Zhang 
Steve Li 