Law Digest

• People's Bank of China, Circular on Issues Relevant to the Launch of Swap Transactions Between Renminbi and Foreign Currencies in the Interbank Foreign Exchange Market

  中国人民银行关于在银行间外汇市场开办人民币外汇货币掉期业务有关问题的通知

  PBOC launches swaps between renminbi and foreign currencies.

  September 02, 2007

• State Council, Implementing Measures for Levy and Collection of Individual Income Tax on Interest Income from Savings Deposits (Revised)

  国务院对储蓄存款利息所得征收个人所得税的实施办法 (修订)

  Individual income tax on savings interest significantly reduced.

  September 02, 2007

• Ministry of Finance and State Administration of Taxation, Circular on Revision of the Stamp Duty Rate for Securities (Stock) Transactions

  财政部、国家税务总局关于调整证券(股票)交易印花税税率的通知

  Stamp duty reduced to curb securities speculation.

  July 02, 2007

• PRC Individual Income Tax Law (4th Revision)

  中华人民共和国个人所得税法 (第四次修正)

  Tax law revised to allow reduction and waiving of tax on savings interest.

  July 02, 2007

• Ministry of Finance and State Administration of Taxation, Circular on Reduction of Export Tax Rebate Rates of Certain Commodities

  财政部、国家税务总局关于调低部分商品出口退税率的通知

  Export tax rebate rate for garments dropped to 11%.

  July 02, 2007

• State Administration of Taxation, Official Reply on the Issue of the Income Tax Treatment of Sale-leaseback Transactions by Foreign-invested Enterprises that Engage in Real Property Development

  国家税务总局关于从事房地产开发的外商投资企业售后回租业务所得税处理问题的批复

  Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.

  July 02, 2007

• China Insurance Regulatory Commission, Guidelines for Contingency Administration of Major Unexpected Events in Insurance Asset Management

  中国保险监督管理委员会保险资产管理重大突发事件应急管理指引

  The CIRC reinforces contingency administration of major unexpected events in insurance asset management.

  July 02, 2007

• China Securities Regulatory Commission, Rules for the Administration of the Shareholdings of Directors, Supervisors and Senior Management Personnel of Listed Companies and the Changes Thereto

  中国证券监督管理委员会上市公司董事、监事和高级管理人员所持本公司股份及其变动管理规则

  Transfer of shares by directors, supervisors and seniormanagement personnel curbed.

  July 02, 2007

• State Administration of Taxation, Official Reply on Tax Issues Concerning the Assignment of Land for Which the Formalities Relevant to the Leasehold Certificate Have Not Yet Been Completed

  国家税务总局关于未办理土地使用权证转让土地有关税收问题的批复

  Taxes on assignment of land should be paid regardless of completion of formalities.

  July 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Enjoyment of Preferential Treatment as Production Enterprises by Foreign Investors Investing in and Operating Natural Gas Projects

  国家税务总局关于外商投资经营天然气项目享受生产性企业有关问题的通知

  Income from the processing and sale of natural gas entitled to preferential tax treatment.

  July 02, 2007