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Juha Lassila

Baihui CRM - Zoho CRM hosted in China - 0 views

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    Just like Zoho CRM. - Guaranteed to work in both sides of the Great Firewall(?). - English language available, have to translate a couple of pick lists. - 3 users for free
Juha Lassila

Right of rep office to terminate secondment of agency employee upheld - Lexology - 0 views

  • Right of rep office to terminate secondment of agency employee upheld
Juha Lassila

China unifies city maintenance and construction tax and education surcharge for domesti... - 0 views

  • In China, City Maintenance and Construction Tax is levied on transactions subject to VAT, Business Tax, and Consumption Tax. The tax base is the amount of VAT, Business Tax, and Consumption Tax paid. Tax rates are 7 percent for taxpayers in urban districts of cities, 5 percent for taxpayers in towns, and 1 percent for taxpayers in other areas.
  • This tax unification will increase the tax burden on operations and investment in China by foreign companies.
  • VAT payers who pay VAT at the regular rate of 17 percent of the sales price will need to pay an additional 1.7 percent of the sales price as City Maintenance and Construction Tax and Education Surcharge
Juha Lassila

New provision could change contract law in China but judges remain conservative - Lexology - 0 views

  • many parties to such contracts requested modification or even rescission of their contracts under the changed circumstances
  • court to modify or rescind a valid contract:
  • objective circumstances
  • ...6 more annotations...
  • force majeure
  • not a result of a normal commercial risks
  • would be unfair and inequitable to one party or the objective of the contract cannot be fulfilled
  • In deciding whether to grant a request for modifying or revoking a contract, the people’s courts will primarily consider (1) the principle of fairness and (2) the surrounding facts involved in each individual case.
  • to not permit debtors escape from performing their debt repayment obligations
  • If based on the specific situations of individual cases, the court considers applying this provision, the trial court must first report this case to the high court at the provincial level for examination and approval. When necessary, the case may be reported to the SPC for examination and approval. Having the high court at the provincial level as the primary authority for applying Article 26 ensures unified application at least by province.  
Juha Lassila

Foreign Invested Partnership - Presentation by Dezan Shira - 0 views

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    FIP-Presentation-2010.pdf (application/pdf Object)
Juha Lassila

Chinese Partnership - A New Alternative… A Better One? | Taxand - 0 views

  • Effective from March 1, 2010 Chinese partnerships can be formed with: two or more foreign enterprises or individuals foreign enterprise(s) or individual(s) and Chinese individual(s) enterprise(s) or other organisation(s). In addition foreign enterprises and individuals are allowed to become partners in a partnership formed by Chinese individuals, Chinese enterprises or other organisations. Good news for foreign investors?
Juha Lassila

Ground breaking rules governing online games - Lexology - 0 views

  • Foreign companies are still not allowed to invest in online game business in China.
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