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Dear Clients, Friends and Colleagues,

We are pleased to enclose our newest headlines providing briefs of updates relating to 30% deduction for CIT payable on income earned in 2020, 10 new regulations regarding labor contracts in effect from January 1, 2021, and new regulations on corporate stamps


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We hope you enjoy reading this new information. Should you have any questions or comments, please feel free to contact us.


Kind regards,


Song Bao Debt Collection Services Company Limited

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