The entry into effect of the Administrative Licensing Law on July 1 2004 promises to be a milestone in China's advance toward creation of a more transparent legal system and a more limited, efficient and less arbitrary government.
The Circular details the screening of fixed asset investment projects in respect of the guiding ideology, principles, scope, content, post-screening handling, working methods and work progress.
Issued: March 16 2004Effective: January 1 2004Main contents: If a taxpayer provides a deposit or other guarantee equivalent to the amount of tax payable…