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On March sixteen, 2007, the SCNPC promulgated the Enterprise Income Tax Law of the PRC which was amended on February 24, 2017, and on December 6, 2007, and the State Council enacted the Regulations for the Implementation of the Enterprise Income Tax Law, or collectively, the EIT Law. Moreover, a PRC firm is required to put aside as statutory reserve funds a minimal of 10% of its after-tax profit, until the cumulative amount of such reserve funds reaches 50% of its registered capital except legal guidelines relating to foreign funding provide in any other case. Under the EIT Law, each resident enterprises and non-resident enterprises are topic to tax within the PR
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To the north, Hangzhou Bay separates Ningbo from Shanghai; to the east lies Zhoushan within the East China Sea; on the west and south, Ningbo borders Shaoxing and Taizhou respectively. As of the 2020 Chinese National Census, the whole administrated space of Ningbo City had a population of 9.four million , of which 4,479,635 lived in the built-up space of its 5 city districts. It includes 6 urban districts, 2 satellite county-level cities, and a couple of rural counties, including a quantity of islands in Hangzhou Bay and the East China Sea. More Corporations On This City:More Companies In This Metropolis:extra companies on this metropolis:Yuyao law firm work permit firmYuyao Law Firm
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