Epidemic prevention and response to COVID-19 in the automobile industry series Issue 1 - China tax, legal and customs issues

March 2020

The Coronavirus outbreak in China has forced players in the automotive industry to revisit their medium-to-long term plan, which could mean accelerating the transformation of the industry. This article elaborated multi-angle from the industry related tax, legal and customs issues.

Section I: Managing contractual obligations

Section II: Temporary change of production and adjustment of supply chain

Section III: A balanced approach in dealing with profit decline

  • How General Distributors react to profit decline
  • How parts suppliers react to profit decline
  • Making compensation payments or receiving incentive payments

Section IV: Compliance amid innovations

 

Download Epidemic prevention and response to COVID-19 in the automobile industry series Issue 1 - China tax, legal and customs issues

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