Insurance enterprises allowd to obtain pre-tax deductions of commission expenses for surrendered insurance policies.
PBOC launches swaps between renminbi and foreign currencies.
Individual income tax on savings interest significantly reduced.
Stamp duty reduced to curb securities speculation.
Tax law revised to allow reduction and waiving of tax on savings interest.
Export tax rebate rate for garments dropped to 11%.
Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.
The CIRC reinforces contingency administration of major unexpected events in insurance asset management.
Transfer of shares by directors, supervisors and seniormanagement personnel curbed.
Taxes on assignment of land should be paid regardless of completion of formalities.
