Doing business in China – Recent anti-corruption and bribery

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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.

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  • 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.
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