Company News
Latest News
China to Continue Preferential Tax Policy for Small-Scale and Low-Profit Enterprises
On January 27, 2011, the Ministry of Finance and the State Administration of Taxation jointly issued the Circular on the Continuous Implementation of the Preferential Policy on the Corporate Income Tax of Small-Scale and Low-Profit Enterprises (Caishui [2011] No. 4).
China to Establish Security Review System for Foreign Acquisition of Domestic Companies
The General Office of the State Council promulgated the Circular on the Establishment of a Security Review System for Merger and Acquisition of Domestic Enterprises by Foreign Investors (the Circular) on February 3, 2011.
Measures on Payments of Work Injury Insurance Fees for Enterprises in Certain Sectors Released
The Ministry of Human Resources and Social Security promulgated the Measures on Payments of Work Injury Insurance Fees for Enterprises in Certain Sectors (the “Measures”), which came into effect on January 1, 2011
China Issues Catalogue of Key Environment Protection Technology and Equipment the Development of Which Is Encouraged by the State (2011 Version)
On January 31, 2011, the Ministry of Industry and Information Technology and the Ministry of Science and Technology jointly promulgated the Catalogue of Key Environment Protection Technology and Equipment the Development of Which Is Encouraged by the State (2011 Version).
Examination and Approval Authority Adjusted for Sino-Foreign Cooperative and Sino-Foreign Joint Venture Medical Institutions
On February 9, 2011, the Ministry of Health of the P.R.C. issued and made effective the Circular on the Adjustment of Examination and Approval Authority for Sino-Foreign Cooperative and Sino-Foreign Joint Venture Medical Institutions.
China Issues New Rules on the Handling of Intellectual Property Infringement Cases
On January 10, 2011, the Supreme People’s Court, the Supreme People’s Procuratorate, and the Ministry of Public Security of the P.R.C. issued and made effective the “Opinions on Several Issues Concerning Application of Law in Handling Criminal Cases of Intellectual Property Rights Infringement” (the “Opinions”).
Vietnam Amends VAT Regulations for SMEs
Vietnam’s government recently approved a proposal to extend the declaration time of value added tax (VAT) for small and medium enterprises (SMEs) and family businesses, removing cumbersome elements of the country’s tax code for emerging entrepreneurs.
RBI Asks Banks to Stop Accepting 25 Paise Coins
The Reserve Bank of India has asked state banks and private lenders to stop accepting 25 paise coins after June 30, 2011.
China Clarifies Urban Land Use Tax and Real Estate Tax Issues
The Ministry of Finance and the State Administration of Taxation co-issued the “Circular on Urban Land Use Tax (ULUT) for Enterprises Employing the Handicapped and Other Tax Policies (caishui [2010] No.121)” on December 21, 2010. The circular emphasized that enterprises will receive favorable tax treatment through employing the handicapped, and clarified several calculation methods regarding the real estate tax (RET).
China Clarifies Tax Treatment for Real Estate Companies before De-registration
In a recent announcement, the State Administration of Taxation clarified issues regarding the refund of overpaid corporate income tax (CIT) to property developers prior to the developers’ deregistration. This CIT overpayment primarily comes from the prepayment of land appreciation tax (LAT).
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