Fang Qi, partner at Fangda Partners, discusses the impact of the newly issued Measures on Work Relevant to the Assignment of Intellectual Property Rights to Foreign Parties (Trial Implementation) (知识产权对外转让有关工作办法 (试行）） (the Measures), the legal reforms it brings and mechanisms for its enforcement.
PRC outbound investment has received another boost via a new tax credit regulation that simplifies procedures and provides greater options to Chinese companies keen on multi-jurisdictional forays. It would be wise for these corporates to review and restructure their tax credit strategies to capitalize on the government’s commitment to expanding outward.
The Anti-monopoly Law (AML) has undergone an evolution since its advent, nearly a decade ago. Now, the process for simple cases has been streamlined to ensure efficient approvals, allowing the competition authority greater time and resources to scrutinize more complex and challenging deals. Active enforcement has lent to the increased awareness of antitrust issues among companies and the general public. Fay Zhou and Xi Liao of Linklaters provide a brief look back at the AML’s significant growth spurts and share some guidance on what lies ahead.
A new tax deferral policy providing a temporary waiver of EIT to overseas investors investing in encouraged industries is aimed at attracting more foreign capital. If considering expanding further into the PRC, overseas companies should comprehensively review and readjust their current investment strategies to ensure they can benefit from the new tax deferral.
Entrusted loans of commercial banks may not be invested in bonds, derivatives or asset management products
MAHs may entrust the sale of pharmaceuticals
Calculation of environmental tax clarified
Foreign banks allowed more new businesses