Legal

• Ministry of Finance and State Administration of Taxation, Circular on Issues Relevant to the Levy and Collection of Real Property Taxes on Foreign-invested Enterprises and Foreign Individuals

  财政部、国家税务总局关于对外资企业及外籍个人征收房产税有关问题的通知

  FIEs required to calculate property taxes in renminbi.

  March 17, 2009

• State Administration for Industry and Commerce, Measures for the Administration of the Registration of Capital Contribution in the Form of Equity

  国家工商行政管理总局股权出资登记管理办法

  Capital contribution in the form of equity gets its official go-ahead.

  March 17, 2009

• China Banking Regulatory Commission, Guidelines for Risk Management by Commercial Banks of Loans Extended for Mergers and Acquisitions

  中国银行业监督管理委员会商业银行并购贷款风险管理指引

  Commercial banks allowed to extend loans for mergers and acquisitions.

  March 17, 2009

• State Administration of Taxation, Circular on Issues Concerning Consolidated Tax Payment of Wholly Foreign-owned Banks that Operate in More than One Region

  国家税务总局关于跨地区经营外商独资银行汇总纳税问题的通知

  New branches of wholly foreign-owned banks may be exempted from pre-payment of tax.

  March 17, 2009

• China Insurance Regulatory Commission, Circular on Matters Relevant to Implementing the Regulation of Insurance Companies by Category

  中国保险监督管理委员会关于实施保险公司分类监管有关事项的通知

  A new era of differentiated regulation for insurance companies.

  March 17, 2009

• Ministry of Commerce, Supplementary Provisions (IV) for the Measures for the Administration of Foreign Investment in the Commercial Sector

  商务部外商投资商业领域管理办法补充规定 (四)

  Hong Kong and Macao investors allowed to be sole owners in the commercial sector.

  March 17, 2009

• State Administration of Taxation, Circular on Issues Relevant to the Deduction of Wages, Salaries and Employee Benefit Expenses by Enterprises

  国家税务总局关于企业工资薪金及职工福利费扣除问题的通知

  “Reasonable wages and salaries” defined for enterprise income tax purposes.

  March 17, 2009

• Ministry of Finance and the State Administration of Taxation, Circular on Income Tax Issues of Partners of Partnerships

  财政部、国家税务总局关于合伙企业合伙人所得税问题的通知

  Losses in partnerships not allowed to be used to deduct other companies' profits.

  March 17, 2009

• Shanghai Municipality, Several Implementing Opinions on the «Shanghai Municipality, Provisions on Encouraging the Establishment of Regional Headquarters by Multinational Corporations»

  上海市关于《上海市鼓励跨国公司设立地区总部的规定》若干实施意见

  Shanghai offers financial incentives to multinational headquarters.

  March 17, 2009

• How to create charge over listed shares in China

  Philips Zhenyu Ding and Xiang LiRun Ming Law [email protected], [email protected] the December 2008/January 2009 issue of China Law &…

  March 17, 2009