Other Briefings
Preparation the key to transfer pricing documentation requirements
By Steven Carey, Douglas Fone and Dr. Jian Li HONG KONG, Jan. 22 – The Implementing Regulations that have been in effect from January 1, 2008 for the new Corporate Income Tax Law are the result of several years of deliberation by the State Administration of Taxation on transfer pricing. Tax authorities globally have been […]
China’s labor law – The reality for overseas investors
Drafting an employment handbook a sensible step to take to minimize liabilities and identify terms By Chris Devonshire-Ellis and Richard Hoffmann Jan. 18 – Much has been made of the new Labor Contract Law in China, with regrettably a lot of hot air from excitable “China” lawyers as well. Harem scarem stories of a massive increase in […]
China to adjust import/export duties in an effort to conserve resources
Dec. 28 – The government will adjust the import and export duties on some products from January 1 to save domestic resources and ensure better trade balance the government has said. Import duties on aluminum, refined copper and coal will be removed while the export taxes on some steel products, coking coal and coke will […]
China to increase allowable foreign investment quota
SHANGHAI, Dec. 10 – China’s State Administration of Foreign Exchange will increase the quota for allowable foreign trade investment in RMB-denominated stocks and bonds to US$30 billion, it is reporting on its website. No implementation date was specified in the announcement. The move is aimed at expanding mainland markets, reduce volatility and propel the value of […]
Breach of Regulation #43 causing problems for FIEs’ tax holidays
By Andy Scott Dec. 7 – As China moves to implement the new corporate income tax regulations, many FIEs are losing their tax holidays as the State Administration of Taxation puts them under increased scrutiny ahead of the new law’s implantation. China’s tax authority has increasingly focused on FIEs that previously enjoyed tax relief. As […]
China to introduce more foreign M&A rules
China is going to introduce more than 20 supporting regulations on foreign mergers and acquisitions of domestic companies before the new anti-monopoly law takes effect on August 1, 2008, a senior Chinese legislator said on Saturday. Cheng Siwei, vice chairman of the Standing Committee of the National People’s Congress told a forum in Beijing that […]
New guidelines for FDI creating confusion, uncertainty in real estate sector
By Andy Scott SHANGHAI, Nov. 15 – The new catalogue for foreign investment, released on November 7, aims to address some of what Beijing perceives as structural problems in China’s economic development. Chief among these is limiting the inflow of foreign direct investment into industries that do little to tackle some of Beijing’s major problem […]
China looks to shorten May holiday and add traditional holidays
SHANGHAI, Nov. 9 – The Chinese government released a plan today to shorten the May 1-7 “Golden Week” holiday and establish three new legal holidays. According to the national legal holiday adjustment research group, the new plan will allocate holidays for Tomb-Sweeping Day, the Dragon-Boat Festival and the Mid-Autumn Festival. The plan was released on […]
