The List of Top 100 Accounting Firms in 2015 Announced

　　Among the top ten are respectively PwC Zhong Tian (3.71 billion yuan), Deloitte Touche Tohmatsu (3.13 billion yuan), Ernst & Young Hua Ming (2.83 billion yuan), Ruihua (3.06 billion yuan), BDO (2.91 billion yuan), KPMG Huazhen (2.35 billion yuan), Pan-China (1.51 billion yuan), ShineWing (1.28 billion yuan), Baker Tilly China (1.22 billion yuan) and Da Hua (1.27 billion yuan).

　　Accounting Climate Index Fell into a Weak Recession in June, 2015

　　The climate index of the first half of 2015 was 100.2, which was barely within the weak climate interval and much lower than the annual climate of 2015 predicted in early 2015 (119.72); the climate prediction of the second half of 2015 was 96.75, which fell into the weak recession interval again.

　　Main Frame of Real Estate Tax Reform Determined

　　According to the general idea of real estate tax legislation reform, and under the premise that real estate related tax burden is generally unchanged, it is planned to appropriately increase the tax burden in possession, and reduce the tax burden in construction and transaction. The main categories of real estate tax may combine the property tax and urban land use tax, and the specific tax rate may be determined by local areas within the rate interval decided by the central committee.

　　Trial of VAT Electronic Invoices in Beijing and Other Places from August 1st

　　Trial of electronic invoices based on the upgraded version of VAT invoice system will be implemented in four regions of Beijing, Shanghai, Zhejiang and Shenzhen from August 1st, 2015.