SAT clarifies the income tax issue of non-tax-residents involved in China's VAT reform.
March 26, 2013
Full Text Translation
The Provisions expand the scope of RQFIIs to also include Hong Kong subsidiaries of commercial banks and insurance companies, as well as financial institutions incorporated and with a principal place of business in Hong Kong. The requirement that 80% of the proceeds be invested in fixed-return securities is also lifted.
March 20, 2013CSRC relaxes RQFII qualifications.
March 13, 2013Private equity funds established in the form of a company or partnership to engage in securities investments managed by a fund manager or general partnership are now governed by the Securities Investment Fund Law.
March 08, 2013A worker may request for 30% of his/her average wage for performance of non-compete obligation.
February 28, 2013If the public interest is involved, foreign-related cases concerning labour protection, food safety, environmental protection, forex control, anti-monopoly and anti-dumping may be governed by PRC mandatory provisions.
February 21, 2013The total funds (investment principal and returns) that a QFII may outwardly remit each month may not exceed 20% of its total domestic assets as at the end of the previous year.
February 07, 2013Employment by way of placement is a supplementary form and may only be applied to temporary, ancillary or substitute positions.
January 31, 2013The rate at which expenditures and expenses that arise from the handling of cases are deducted from the shared revenue of lawyers shall be revised from the current rate of up to 30% of the shared revenue received by a lawyer for the month in question to up to 35%.
January 24, 2013Foreign investors allowed to engage in futures trading
January 11, 2013