This Circular address issues of income tax on the stock options of employees, nature of the income from stock options, domestic and foreign sources of income, and calculation of tax payable.
The Procedures are concerned with the setting of sales prices for electricity, in order to allocate electric power resources and to provide legal protection to electric power enterprises and users.
The Opinions deal with the issues regarding determination of liability for damages for copyright infringements. This is the first guidance on copyright infringements liabilities in China.
The Procedures clarify that "branded automobile sales" do not require the establishment of 4S shops, but a unified shop name, logo or trademark under which automobile business activities of automobile suppliers or their authorized branded automobile dealers are engaged in.
The main focus of the Procedures is to administrate the relevant transactions and market risks brought by commercial banks that are shareholders of fund management companies.
The Circular aim to maintain the balance of payments and to ensure the compliant and orderly flow of cross-border capital. Local investors who wish to invest abroad with it sown domestic assets/equity shall obtain the verification of the foreign exchange administration.