March 12, 2008
The limit for deduction of expenses raised for wage income of individuals.
Liability for compensation of motor vehicle drivers in traffic accidents revised.
Premiums raised for mandatory traffic accident insurance.
Circular to prohibit purchase of homestead land by urban residents.
Criteria for retrial of civil cases revised.
More banks are allowed to provide loans for the development of economically affordable residential premises.
Hong Kong and Macao insurance agencies allowed to set up wholly-owned insurance agencies on the mainland.
Certain enterprises prepaying tax on a monthly basis now may prepay tax on a quarterly basis.
NATIONAL LEGISLATIONBANKINGPeople's Bank of China Notice [2008] No.5 (Repeal of a list of legislation)中国人民银行公告 (2008) 第5号 L3600/08.01.22CONSTRUCTIONImplementation…
Product innovation encouraged by means of government procurement.