Law Digest

• China Insurance Regulatory Commission, Provisions for the Administration of the Qualifications of Directors and Senior Management Personnel of Insurance Companies

  中国保险监督管理委员会保险公司董事和高级管理人员任职资格管理规定

  Promulgated: July 12 2006Effective: September 1 2006Interpreting authority: China Insurance Regulatory Commission (CIRC)Applicability: The term "branches…

  September 02, 2006

• General Office of the Ministry of Commerce and General Office of the General Administration of Customs, Circular on Administrative Issues Relevant to the Re-import of Exported Domestically-produced Products Under General Trade

  商务部办公厅、海关总署办公厅关于一般贸易项下国产产品出口复进口有关管理问题的通知

  Issued: May 30 2006Main contents: For re-import in the form of general trade of exported products whose country of origin is China, all local departments…

  September 02, 2006

• State Administration of Taxation, Official Reply to Issues Relevant to Export Tax Rebates of Export Enterprises in Bonded Zones

  国家税务总局关于保税区内出口企业出口退税有关问题的批复

  Issued: July 6 2006Main contents: In view of the fact that export enterprises in bonded zones may handle customs declaration for export business in areas…

  September 02, 2006

• Supreme People's Court, Provisions on Several Issues Concerning the Trial of Letter of Credit Disputes

  最高人民法院关于审理信用证纠纷案件若干问题的规定

  Promulgated: November 14 2005 Effective: January 1 2006Main contents: The Provisions apply to unpaid amount disputes arising in connection with applications…

  September 02, 2006

• Ministry of Commerce, Supplementary Provisions on the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  商务部关于外商投资举办投资性公司的补充规定

  Promulgated: May 26 2006Effective: July 1 2006Main contents: The Supplementary Provisions allow companies with an investment nature to make strategic investments…

  September 02, 2006

• General Administration of Customs, Measures for the Determination of the Dutiable Value of Imports and Exports

  中华人民共和国海关审定进出口货物完税价格办法

  Promulgated: March 28 2006 Effective: May 1 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Dutiable Value of Imported GoodsPart…

  September 02, 2006

• State Administration of Foreign Exchange, Circular on the Revision of Certain Foreign Exchange Control Policies Relating to Overseas Investment

  关于调整部分境外投资外汇管理政策的通知

  Issued: June 6 2006Effective: July 1 2006Main contents: The Circular relaxes the foreign exchange control policies relating to overseas investment. clp…

  July 02, 2006

• Ministry of Commerce, Ministry of Finance, General Administration of Customs and State Administration of Taxation, Tentative Measures for Checking of the Export of Products of Foreign-invested Enterprises in the Permitted Category Whose Products are Directly Exported in Full

  商务部、财政部、海关总署、国家税务总局产品全部直接出口的允许类外商投资企业产品出口情况检查暂行办法

  Promulgated: March 31 2006Effective: as of date of promulgationInterpreting authorities: Ministry of Commerce in conjunction with Ministry of Finance,…

  July 02, 2006

• Ministry of Finance and State Administration of Taxation, Circular on Revising Relevant Policy on Real Property Business Tax

  财政部、国家税务总局关于调整房地产营业税有关政策的通知

  Issued: June 6 2006Effective: June 1 2006Main contents: From June 1 2006, business tax will be imposed on sales of residential premises of less than five…

  July 02, 2006

• Other Recent Legislation for this Month

  National LegislationACCOUNTINGEnterprise Accounting Guidelines No.11 Share-based Payment企业会计准则第11号 - 股份支付L3100/06.02.15(11)Enterprise…

  July 02, 2006