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Enquiry: Do Newly-Established Enterprises and Individually-Owned Businesses Have to Register Separately for Tax Purposes?

Photo: Enquiry: Do Newly-Established Enterprises and Individually-Owned Businesses Have to Register Separately for Tax Purposes?
Photo: Enquiry: Do Newly-Established Enterprises and Individually-Owned Businesses Have to Register Separately for Tax Purposes?

Following the Chinese government’s introduction of the All-in-One Licence (Complete with Unified Code) as part of its recent commercial reforms, the market regulation administration department (previously the industry and commerce administration department) now issues to all newly-established enterprises or individually-owned businesses business licences bearing a unified social credit code that has already covered tax registration. Successful applicants can then deal directly with the relevant tax departments on all subsequently relevant issues, including annual returns and invoicing.

For further details, please visit the following link:

Enquiry: What is the difference between the business licence as previously issued by the industry and commerce administration department and the new all-in-one licence with a unified code?

Content provided by Picture: HKTDC Research
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