Legal

• Ministry of Industry and Information Technology, Notice on Issues Relevant to the Engagement in the Provision of Telecommunications Services on the Mainland by Hong Kong and Macao Service Providers

  Telecom WOFEs allowed for Hong Kong and Macao investors.

  November 14, 2016

• State Administration of Taxation, Announcement on Several Levy Administration Issues Relating to the Pilot Project for Levy of Value-added Tax in Place of Business Tax

  国家税务总局关于营改增试点若干征管问题的公告

  The SAT has clarified VAT will not be levied on purely offshore activities

  November 14, 2016

• Ministry of Finance, Tentative Measures for the Administration of the Public Finances of Public-private Partnership Projects

  财政部政府和社会资本合作项目财政管理暂行办法

  MOF has pushed for enhancing the government's contractual performance in PPP projects.

  November 14, 2016

• China Insurance Regulatory Commission, Circular on Matters Relevant to Further Improving the Actuarial System for Personal Insurance

  中国保险监督管理委员会关于进一步完善人身保险精算制度有关事项的通知

  Stricter requirements on sale of personal insurance.

  November 14, 2016

• National Development and Reform Commission and National Energy Administration, Measures for the Administration of the Orderly Deregulation of the Power Distribution Grid Business

  国家发展改革委、国家能源局有序放开配电网业务管理办法

  Power distribution grid business opened to private sector.

  November 14, 2016

• National Council for Social Security Fund, Tentative Measures for the Administration of Investment of the National Social Security Fund by Means of Trust Loans (2016 Revision)

  全国社会保障基金理事会全国社会保障基金信托贷款投资管理暂行办法（2016年修订版）

  NSSF has tightened trust loan security requirements.

  November 14, 2016

• Legislation roundup: Cybersecurity Law, online livestreams and property preservation

  The NPC-approved PRC Cybersecurity Law guards against foreign hackers, the CAC has regulated livestreaming services and the SPC has lowered the cost for property preservation

  November 10, 2016

• Announcement on Matters Relevant to Improving the Administration of Affiliated Party Filings and Contemporaneous Documentation

  关于完善关联申报和同期资料管理有关事项的公告

  SAT requires filing of contemporaneous documentation and country reports for transfer pricing.

  November 10, 2016

• Announcement on Matters Relevant to Improving the Administration of Affiliated Party Filings and Contemporaneous Documentation

  关于完善关联申报和同期资料管理有关事项的公告

  SAT requires filing of contemporaneous documentation and country reports for transfer pricing.

  November 10, 2016

• In the news: China passes the Cybersecurity Law, considers permitting investment bank WFOEs and releases a law for the film industry

  The NPC approved the PRC Cybersecurity Law, U.S.-China trade negotiations involved allowing wholly foreign-owned investment banks on the mainland and the new film law targeted ticket sales fraud

  November 08, 2016