According to the Opinion, concentrations of business operators that are conducted by way of a merger shall be reported by all of the business operators that are parties to the merger.
February 09, 2009
Full Text Translation
The Opinion requires an account of the effect of a concentration of business operators on competition in the relevant market when reporting a concentration of business operators.
February 09, 2009“Sale” and “for consideration” defined for consumption tax purposes.
February 09, 2009The revised Law now requires any work unit or individual wishing to apply for a patent in a foreign country for an invention or utility model completed in China to first submit such invention or utility model to the State Council's patent administrative department for a confidentiality review.
February 09, 2009VAT system changed from production-based to consumption-based.
December 18, 2008According to the revised Regulations, the amount of consumption tax payable may be calculated ad valorem, at a flat rate or by a combination of the two.
December 18, 2008Calculation of business turnover for business tax purposes revised.
December 18, 2008Conversion of unlisted foreign investment shares into tradable B-shares streamlined.
December 18, 2008The Provisions allow securities companies to engage in margin trading and short sale of securities.
December 18, 2008The Circular elaborates matters concerning the Provisions for the Administration of the Solvency of Insurance Companies.
December 18, 2008