December 31 2018

SAMR Launches New Business Licenses

Source: IBFD Tax Research Platform News

The State Administration for Market Regulation recently issued the Circular about the Launch of New Business Licenses. The SAMR decided to redesign a new edition of business licenses and adopt the new licenses.

There are six prominent changes. The business license's layout is optimized with an original and duplicate copy; QR code is printed on the license; eight formats of license remain unchanged; printing management is enhanced; the use of ethnic languages in the license is standardized. Starting from March 1, 2019, new business licenses will be issued to newly registered business establishments, or existing market entities that have changed registrations or applied to obtain new business licenses.