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China to Implement Universal Tax Policy for both Domestic and Foreign-Investment Enterprises

The China State Council issued a notice stating that, beginning December 1, 2010, China will collect a city maintenance and development tax and an education fee from enterprises in China that have foreign investors, and from foreign companies, as well as from foreign individuals. This is a major move to unify the tax policies for both domestic enterprises, and enterprises with foreign investors, after having unified the income taxes on them in 2008.

Source: Xinhua, October 21, 2010