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Rumor: China's Telecom VAT Rate Initially Set at 11%
Economic Information Daily, 6/17/13
On June 17, a financial reporter at the Economic Information Daily cited a source as saying that trials of a revised value-added tax (VAT) plan currently call for a VAT rate of 11% on China's telecommunications industry, but that telecom value-added services could be eligible for a 6% rate. Read More
UFIDA to Merge Government Software Subsidiaries
Sina Tech, 7/23/10
Chinese enterprise management software developer UFIDA (600588.SH) has announced that its board of directors approved a motion to merge its wholly-owned subsidiary Beijing Chunyuan Technology Development into its controlled subsidiary Beijing Ufida Government Software, after which the latter company will continue to exist while the former company will be cancelled. Read More
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