Legal

• State Administration of Foreign Exchange, Circular on Issues Relevant to the Administration of Short-term Foreign Debts of Financial Institutions for the Year 2007

  国家外汇管理局关于2007 年度金融机构短期外债管理有关问题的通知

  SAFE reduces the short-term foreign debt indicators of financial institutions for 2007.

  May 02, 2007

• PRC Property Law

  中华人民共和国物权法

  The landmark new law provides the same protection to private property as that to state-owned property.

  May 02, 2007

• State Administration of Taxation, Official Reply on the Commencement Time for the Implementation of the Reduction and Exemption of Enterprise Income Tax on Newly-established Enterprises

  国家税务总局关于新办企业减免企业所得税执行起始时间的批复

  Reduction and exemption of income tax of newly-established enterprises clarified.

  May 02, 2007

• State Administration of Foreign Exchange, Circular on Adjusting the Administration Mode for Market Entry into and Exit from the Spot Settlement and Sale of Foreign Exchange Businesses of Banks

  国家外汇管理局关于调整银行即期结售汇业务市场准入和退出管理方式的通知

  Application procedures for settlement and sale of foreign exchange businesses by banks simplified.

  May 02, 2007

• Other Recent Legislation for this Month

  National LegislationCUSTOMS Measures for the Administration of Zhuhai Zone in the Zhuhai-MacaCross Border Industrial Zone珠澳跨境工业区珠海园区管理办法L5920/07.03.08ECONOMIC…

  May 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to Set-off of the Amount of Value-added Tax on Purchases in Connection with Imports of Taxpayers

  国家税务总局关于纳税人进口货物增值税进项税额抵扣有关问题的通知

  Set-off of Value-added tax on purchases relating to imports clarified.

  May 02, 2007

• Beijing Municipality, Circular on Issues Relevant to the Administration of Levy and Collection of Land Value-added Tax

  北京市关于土地增值税征收管理有关问题的通知

  Land value-added tax of 1% levied on newly-established premises in Beijing.

  May 02, 2007

• Ministry of Commerce, Circular on Issues Relevant to Strengthening the Administration of Processing Trade

  商务部关于加强加工贸易管理有关问题的通知

  Environmental protection, energy consumption, employee treatment and equipment quality included in the criteria for engaging in processing trade.

  May 02, 2007

• Supreme People's Court, Provisions for Determining the Remuneration of Administrators for Trials of Enterprise Bankruptcies

  最高人民法院关于审理企业破产案件确定管理人报酬的规定

  Remuneration of administrators determined according to the value of property in the final repayment by the debtor.

  May 02, 2007

• Labour Union Leader's Wrongful Employment Termination Case

  Lily Wei Zhou, Freshfields Bruckhaus [email protected] April 4 2007, the Chinese government's official newspaper, People's Daily,…

  May 02, 2007