View this page in: 简体中文版 May 2009, Issue 12Enhancing tax risk management function of large businesses enterprises The Large Business Taxation Department ("LBTD") was established in the midst of 2008 during the internal restructuring of the State Administration of Taxation ("SAT"). The LBTD is established to manage and service large business enterprises' ("LBs") taxation. Branches of the LBTD are being set up at local-level tax bureaux. A list of 45 national level LBs to be directly administered by the LBTD ("the List") was released in December 2008. Subsequently the "Guidelines on Tax Risk Management of Large Business Enterprises" ("the Guidelines") was published on 5 May 2009.
In this News Flash, we will discuss the objectives and functions of the LBTD and the key points of the Guidelines and share our observations on the impact of the LBTD and the Guidelines to LBs.
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