Legislation roundup: WTO disputes, VAT and freezing assets

May 31, 2013 | BY

clpstaff &clp articles

MOFCOM has issued Draft Rules for trade remedy disputes after the WTO's ruling. MOF and SAT have issued a Circular expanding the VAT reform to cover the whole country

WTO

Ministry of Commerce, Tentative Rules for Implementation of the Trade Remedy Dispute Rulings of the World Trade Organisation (Draft for Comments)

商务部执行世界贸易组织贸易救济争端裁决暂行规则 (征求意见稿)

According to the Draft, MOFCOM may, after the WTO ruling on China's trade remedy, carry out further investigation and make a decision on whether to revise or cancel the trade remedy or take other appropriate measures. Interested parties should be informed of the investigation and given reasonable time to put forward their opinions. In the case of an amendment to or cancellation of a trade remedy, there is no retroactive effect and taxes paid will not be refunded.

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