Company News
Latest News
China Specifies Lock-up Period for RMB Qualified Foreign Institutional Investors
With the aim to better facilitate the implementation of the pilot program for domestic securities investments by RMB qualified foreign institutional investors (RQFII Pilot Program), China’s State Administration of Foreign Exchange (SAFE) released the “Circular on Issues Concerning the RQFII Pilot Program (hereinafter referred to as the ‘Circular’)” on March 11, 2013, which specifies the lock-up period for the investment principal.
China’s SAT Issues FAQs Relating to Tax Payments: Part V
China’s State Administration of Taxation (SAT) has recently issued a set of frequently asked questions relating to real estate tax and individual income tax (IIT). The answers provided are based on existing regulations.
China Revises Labor Contract Law
China’s National People’s Congress adopted the “Decision on Revising the Labor Contract Law of the People’s Republic of China (Order No.73 of the PRC President, hereinafter referred to as the ‘Decision’)” on December 28, 2012, which tightens loopholes on hiring dispatched workers and offers better protection to the interests of such workers.
Mandatory Business License Update Ordered for Companies in Shenzhen
According to the “Regulations on Commercial Registration within the Shenzhen Special Economic Zone,” commercial subjects (including enterprises and individually-owned businesses) registered in Shenzhen before March 1, 2013 shall apply for an updated business license with the commercial registration authorities.
China’s SAT Issues FAQs Relating to Tax Payments: Part IV
China’s State Administration of Taxation (SAT) has recently issued a set of frequently asked questions relating to tax payments and pre-tax deductions. The answers provided are based on existing regulations.
China Expands RMB Qualified Foreign Institutional Investors Pilot Program
As part of China’s efforts to internationalize its currency, China initiated the “RMB Qualified Foreign Institutional Investors Pilot Program (RQFII Pilot Program)” at the end of 2011, which allows qualified foreign institutions to invest offshore RMB back into Mainland China’s capital market.
China Launches Support Program for Micro and Small-Sized Enterprises
China’s State Council released the “Opinions on Further Supporting the Development of Micro and Small-Sized Enterprises (MSEs) (guofa [2012] No.14)” on April 19, 2012, which put forward 29 supporting measures to help MSEs address the operational difficulties brought on by rising costs, a lack of financing options, and heavy tax burdens.
China Releases Notice on Thousand Foreign Experts Plan for 2013
China’s State Administration of Foreign Expert Affairs (SAFEA) recently released the “Supplementary Notice on Commencing Applications for the ‘Thousand Foreign Experts Plan’ of 2013 (hereinafter referred to as the ‘Notice’),” which lays out the specific requirements for eligible candidates under the Thousand Foreign Experts Plan.
Qianhai Launches Qualified Foreign Limited Partner Pilot Program
In the “Official Reply on Policies Concerning the Development and Opening-up of the Qianhai Shenzhen-Hong Kong Modern Services Cooperation Zone (hereinafter referred to as the ‘Reply’)” released by China’s State Council on June 27, 2012, Qianhai has been chosen as the experimental and demonstrative window for the opening-up of China’s financial sector.
China Clarifies Corporate Income Tax Treatment for Non-Resident Enterprises under VAT Reform
China’s State Administration of Taxation (SAT) recently promulgated an announcement concerning the corporate income tax (CIT) treatment for non-resident enterprises in the value-added tax (VAT) pilot reform (SAT Announcement [2013] No. 9, hereinafter referred to as the “Announcement”). The Announcement came into effect on February 19, 2013.
To learn more about how we can support you, contact one of our local experts.
We provide professional services tailored to Asia´s business environment across the full business cycle.
Talk to experts