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 …
Legal Rules on Business TaxBusiness tax is a type of turnover tax levied on the business income of entities and individuals who provide taxable services, transfer intangible assets, or sell real estate within the territory of China. The newly revised Provisional Regulations of the People's Republic of China on Busin…
Legal Rules on Consumption TaxConsumption tax refers to a turnover tax levied on specific consumer goods and consumption acts at specific stages. Specifically, it refers to a turnover tax levied on entities and individuals engaged in the production, entrusted processing, and importation of taxable consumer goods based o…
Legal Rules on VATVAT is a tax levied on the value-added amount of the production and circulation of goods and labor services at various stages. Value-added amount refers to the value newly added by taxpayers in the process of selling goods, providing processing, repair and maintenance services, and importing goods with…
(I) Concept of tax lawTax law is a general term for the legal norms formulated by the State to regulate the rights and obligations between the State and taxpayers in terms of taxation. Tax law can be classified differently based on the different legislative purposes, tax sources, division of powers and functions, scope …
Taxes are usually classified as follows in China.(I) Based on different tax sourcesBased on their different tax sources, taxes can be divided into turnover tax, income tax, property tax, resource tax, and behavioral tax.Turnover tax is a type of tax levied on the turnover in the production and circulation of goods and p…
I. Concept and Characteristics of Taxation(I) Concept of taxationTaxation is a special distribution means by which a state obtains financial revenue for free by virtue of its political power and according to the standards stipulated by law in order to exercise its functions. Taxation reflects a specific income distribut…
Robert Zhang 
Steve Li 