According 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, 2008
Full Text Translation
Calculation 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, 2008A sponsor shall establish a sound working draft system, and keep separate sponsorship working drafts for each project.
December 18, 2008The Opinion specifies that if a foreign-invested enterprise obtained the leasehold through grant, it is not required to pay place use fees as it has already paid a land grant fee.
November 10, 2008The Circular states that, with certain exceptions, the investment in and establishment of commercial enterprises by foreign investors shall be subject to the examination of the provincial-level departments in charge of commerce.
November 10, 2008The Guidelines set forth the requirements for engaging in the private equity investment trust business.
November 10, 2008The revised Provisions delegate some of the approval power concerning the establishment of foreign-invested advertising enterprises to provincial-level government departments.
November 10, 2008