It's been a busy year for tax authorities in 2010 and next year will be no different. Foreign companies are no longer privy to preferential tax treatments and non-resident enterprises can expect tightening on indirect equity transfers, treaty benefits and transfer pricing audits
Foreign investors remain concerned about China's indigenous innovation policies, especially since promoting strategic emerging domestic industries is likely to be a key focus of the country's next Five-Year Plan
China's new social insurance law demonstrates the government's aim to promote equality among all those residing in China, however, more regulations are needed to implement the principles of coverage
The Measures states that mainland enterprises are encouraged to invest in Taiwan to realise mutual benefits and a win-win situation for the economies on both sides of the Taiwan Strait.
The codification of China's civil law took a big step forward with Beijing's release of its hallmark statute on conflict rules. The government is now more flexible in dealing with foreign-related civil relationships, but party autonomy limitations are likely to affect judicial practice
At this year's China Outbound Summit, held in Beijing on September 16, nearly all of the panelists highlighted the importance of properly planning for post-merger integration (PMI). As China's appetite for overseas buying grows and PRC companies increasingly roam offshore for targets, it is imperative they consider PMI details earlier along the deal course and allocate sufficient resources to PMI-planning
A new circular eases the approval process for overseas players engaging in online sales and business through vending machines. It clarifies the types of business activities foreign enterprises can partake in, but still lacks guidelines on what distinguishes a for-profit internet content provider from a non-profit one
The PRC government rolled out numerous measures to rein in soaring housing prices this year, but that's not the only story from this sector. In addition to the implementation of Circular 698 and the toughened stance of Circular 186 on foreigner purchase restrictions, the real estate market is gearing up for an injection of fresh investment from insurance companies
The law comprises five types of social insurance: basic old-age insurance, basic medical insurance, occupational injury insurance, unemployment insurance and maternity insurance.
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