China Enterprises Annual Inspection is cancelled from 1st March 2014

In China, the long run enterprises inspection system ends in March 2014. The State Administration for Industry and Commerce announced that, since 1st March 2014, annual inspections on registered companies will be replaced by companies' annual reports, which should be available to public inquiry. Companies that fake reports or fail to release reports according to requirements will be punished in accordance with laws.

New double tax treaties between China and the UK, Belgium and France

New double tax treaties between China and the UK as well as between China and Belgium entered into force in December 2013. On 26 November 2013, the government of China and France signed a new Double Taxation Treaty, which could take effect from as early as 1 January 2015.