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• Business and Taxes in China - Editor, 6 January 2010

The taxation system in China is somewhat complex and subject to frequent change, and anyone wanting to set up a business in China would do well to hire a local tax consultant. There is an abundance of international and Chinese firms to choose from in Beijing and other major commercial and industrial centers. Tax concessions and exemptions can vary to a large extent on which part of this vast country you decide to set up business. Other variable taxation factors include the industry sector your business will be allocated to and even the legal structure you will make use of in China. If you will be employing workers you would also want to bear in mind that the amount of income tax they will pay is determined by their terms of employment.