China enforcement agencies have recently made headlines in their crackdown on corruption within the several industries. As a result of these high-profile investigations, multinationals are refreshing their current anti-corruption compliance and oversight programs to address China’s bribery laws.
Chinese authorities have historically tended to prosecute the bribe recipient rather than the bribe giver – now changing.
Chinese authorities have historically tended to prosecute the bribe recipient rather than the bribe giver – now changing.
Chinese authorities have historically tended to prosecute the bribe recipient rather than the bribe giver – now changing.
Established to encourage and protect fair market competition (therefore it discourages bribery and kickbacks) and safeguard the legal rights and interests of companies.Lawful discounts, commissions and advertising-related gifts of small value are all allowed under the AUCL, but said discounts and commissions must be recorded in the company’s financial statements.
Established to encourage and protect fair market competition (therefore it discourages bribery and kickbacks) and safeguard the legal rights and interests of companies.Lawful discounts, commissions and advertising-related gifts of small value are all allowed under the AUCL, but said discounts and commissions must be recorded in the company’s financial statements.
The clausethat gave this teeth was amendment 8.When such offense encompasses offering money or property to a state functionary for the purpose of securing illegitimate benefits, PRC criminal law will also apply.
Repetitive: I have never came across a case with a single transaction.
Attached is sample Beijing tax invoice.Wrong chop (corporation versus tax invoice chop); paper with watermark; last one is the second.