Foreign Direct Investment

Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.

Mofcom delegates approval power over foreign-invested holding companies and venture capital companies to lower-level authorities.

A series of new policies recently released to attract foreign investment demonstrates China's aim to diversify foreign direct investment, channel money into the central and western regions, and encourage environmentally-friendly and high-tech industries to set up onshore. However, the rules are fairly general and more legislation will be needed for proper implementation

SAIC issues policies to encourage more foreign investment.

NDRC delegates approval power to lower authorities.

China seeks to levy property taxes.

Sat sets forth clear guidelines for separating PRC and non-PRC revenues of non-tax-residents.

The new opinions from the State Council encouraging private sector investment allow foreigners to participate, especially if they can offer new technologies, but detailed implementation rules are lacking

The Measures state that assessment of taxable income of non-tax-resident enterprises shall be based on total revenue, costs and expenses, or revenue converted from operational expenditures.