Law Digest

• Shanghai Municipality, Circular on Issues Relevant to the Levy and Exemption of Land Value-added Tax on the Transfer of Non-ordinary Residential Premises by Individuals

  上海市关于个人转让非普通住房征免土地增值税有关问题的通知

  Land value-added tax levied to cool down the property market in Shanghai.

  September 02, 2007

• China Securities Regulatory Commission, Trial Measures for the Administration of Overseas Securities Investment by Qualified Domestic Institutional Investors

  中国证券监督管理委员会合格境内机构投资者境外证券投资管理试行办法

  Overseas securities investment available for fund management companies and securities companies.

  September 02, 2007

• Supreme People's Court, Provisions on Several Issues Concerning the Application of the Law in Trials of Foreign-related Civil and Commercial Contract Disputes

  最高人民法院关于审理涉外民事或商事合同纠纷案件法律适用若干问题的规定

  Application of foreign laws excluded from five more types of contracts.

  September 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Pre-tax Deduction of Commission Expenses Incurred by Insurance Enterprises Related to the Surrendered Insurance Policies

  国家税务总局关于保险企业发生与退保业务相关佣金支出税前扣除问题的通知

  Insurance enterprises allowd to obtain pre-tax deductions of commission expenses for surrendered insurance policies.

  September 02, 2007

• 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