Law Digest

• Order of the State Council No.546

  国务院令第546号

  FIEs now enjoy same property tax rates as domestic companies.

  March 17, 2009

• Ministry of Finance and the State Administration of Taxation, Circular on Income Tax Issues of Partners of Partnerships

  财政部、国家税务总局关于合伙企业合伙人所得税问题的通知

  Losses in partnerships not allowed to be used to deduct other companies' profits.

  March 17, 2009

• Shanghai Municipality, Several Implementing Opinions on the «Shanghai Municipality, Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations»

  上海市关于《上海市鼓励跨国公司设立地区总部的规定》若干实施意见

  Shanghai offers financial incentives to multinational headquarters.

  March 17, 2009

• Ministry of Finance and State Administration of Taxation, Circular on Issues Relevant to the Levy and Collection of Real Property Taxes on Foreign-invested Enterprises and Foreign Individuals

  财政部、国家税务总局关于对外资企业及外籍个人征收房产税有关问题的通知

  FIEs required to calculate property taxes in renminbi.

  March 17, 2009

• State Administration of Taxation, Circular on Issues Relevant to the Deduction of Wages, Salaries and Employee Benefit Expenses by Enterprises

  国家税务总局关于企业工资薪金及职工福利费扣除问题的通知

  “Reasonable wages and salaries” defined for enterprise income tax purposes.

  March 17, 2009

• State Administration of Taxation, Circular on Simplifying the Judgement of the Actual Tax Burden of the Country in Which a Foreign Enterprise Controlled by a Chinese Tax-resident Shareholder is Established

  国家税务总局关于简化判定中国居民股东控制外国企业所在国实际税负的通知

  Avoidance of double taxation for Chinese enterprises investing overseas.

  March 17, 2009

• State Administration for Industry and Commerce, Measures for the Administration of the Registration of Capital Contribution in the Form of Equity

  国家工商行政管理总局股权出资登记管理办法

  Capital contribution in the form of equity gets its official go-ahead.

  March 17, 2009

• State Administration of Taxation, Measures for the Administration of the Pre-tax Deduction of the Research and Development Expenses of Enterprises (Trial Implementation)

  国家税务总局企业研究开发费用税前扣除管理办法 (试行）

  50% of research and development expenses can be deducted before tax.

  March 17, 2009

• Ministry of Commerce, Circular on Issues Relevant to Further Delegating the Registration of Foreign Trade Operators

  商务部关于进一步下放对外贸易经营者备案登记工作有关问题的通知

  MOFCOM plans to delegate registration of foreign trade operators to all cities.

  March 17, 2009

• Other Recent Legislation for this Month

  National LegislationBANKINGChina Banking Association, Guidelines on Corporate Social Responsibility of Financial Institutions中国银行业协会金融机构企业社会责任指引L3610/09.01.12CONSTITUTION…

  March 17, 2009