China’s new energy vehicle (NEV) ownership had reached over 2.6 million (including both passenger and commercial vehicles) by the end of 2018, with a compound annual growth rate of 120 per cent over the past five years.
In China, ‘fapiaos’ or invoices are the most important document for tax reporting. They are considered the ‘gold standard’ for a business’ taxable income. However, Axel Standard argues that this system does not always provide the most accurate picture of a firm’s revenues.
How the outcomes of this year’s Two Sessions could impact European small and medium-sized enterprises.