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Yiwu Foreign Investment Taxation - Circulation-Stage Tax Since January 1st 1994, the Chinese government has levied unified value-added tax, consumption tax and business tax on enterprises with foreign investment and domestic enterprises. Technology transfer and technological development by foreign enterprises and enterprises with foreign investment are exempted from value-added tax, as a measure to expand domestic demand and to encourage technological renovation in foreign-invested enterprises. For foreign-invested enterprises engaged in projects in the encouraged or restricted-B categories, the value-added tax on China-made equipment purchased by the enterprises within their total amount of investment shall be fully refunded if the equipment is listed under the catalogue offered with income tariff exemption. Contact Us If you have further queries, don't hesitate to contact us anytime, anywhere by simply visiting  website www.ono-bbb.net, or calling China hotline at 86-021-31397141, 86- 18930833905,86-0791-88167848,86-18970952901 or emailing to tangjie881216@163.com,

On 30th December 2016 PM Modi launched the BHIM app i.e Bharat Interface for Money which aimed at unifying Indian citizens in terms of online cashless payments. Developed by the National Payments Corporation (NPC), the app saw a significant growth in the number of users which has reached a mark of 125 lakh Indian citizens as of March 2017.

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