The Provisions are basically a revision of the Tentative Provisions on Matters Relevant to the Implementation of the System for Security Review of Acquisition of Domestic Enterprises by Foreign Investors.
The Measures require foreign employees in China to be enrolled in social insurance. Arrangement is also laid down when a foreign employee departs from China before he/she reaches the specified age at which he/she can withdraw his/her pension.
The Announcement clarifies six income tax issues of non-tax-resident enterprise including: issue of withholding enterprise income tax on payable but unpaid income and issue of levy of tax on income derived from the assignment of land use rights.