Posts Tagged ‘Beijing Local Taxation Bureau’ Releases Q3 2008 Unaudited Financial Results

Chinese Internet portal and online game firm (NTES) says its total revenues grew as it announced its unaudited financial results for the third quarter ended September 30, 2008.

Tax Man Cometh: Beijing Launches Rules For Online Currency Transactions

Beijing Local Taxation Bureau has published tax collection rules for virtual and online currency transactions, which state that according to whether the individuals can provide income proof or not, they should pay tax at 20% of their profits or 3% of the total value of the transactions.