Legal

• Ministry of Finance, General Administration of Customs and State Administration of Taxation, Tax Collection Policy Issues Relevant to Tax Levy by Customs as an Agent on Imported Goods for the Import Section Provisions

  财政部、海关总署、国家税务总局关于进口货物进口环节海关代征税税收政策问题的规定

  Issued: March 16 2004Effective: January 1 2004Main contents: If a taxpayer provides a deposit or other guarantee equivalent to the amount of tax payable…

  May 02, 2004

• Other Recent Legislation for this Month

  National LegislationConstitution and Legal SystemMinistry of Justice Announcement (No.26) (Two Hong Kong Law Firms Approved to Establish Representative…

  May 02, 2004

• State Council, PRC Safeguard Measures Regulations (Revised)

  国务院中华人民共和国保障措施条例(修订)

  The definition for safeguard has been amended, and the maximum duration of a safeguard measure is extended to ten years.

  May 02, 2004

• PRC Foreign Trade Law (Revised)

  中华人民共和国对外贸易法(修订)

  The revised Law encourages increased foreign trade and cross-border services and cooperation by simplifying the approval requirements to trading rights, but impose new intellectual property licencing barriers.

  May 02, 2004

• Ministry of Commerce, Administration of Foreign Investment in the Commercial Sector Procedures

  商务部外商投资商业领域管理办法

  The new Procedures represent China's WTO commitments to remove restrictions against wholly-owned foreign enterprises, high threshold registration requirements, introduce more permissible retail and wholesale activities, and simplifies approval process.

  May 02, 2004

• State Administration of Taxation, How Provisions on Crediting Purchase of Domestic Equipment against Enterprise Income Tax can be Applied to Foreign-invested Enterprises whose Total Investment Amount is not Approved Official Reply

  国家税务总局关于对不核准投资总额的外商投资企业如何适用购买国产设备抵免企业所得税规定的批复

  The new Regulations opened the advertising market in China to greater foreign participation, and provides a legal guide for gaining more substantial control over their China operations.

  May 02, 2004

• State Council, PRC Countervailing Regulations (Revised)

  国务院中华人民共和国反补贴条例 (修订)

  Countervailing investigations may be suspended or terminated on public interest grounds.

  May 02, 2004

• The All China Lawyers Association, Internal Management of Law Firms Rules (Trial Implementation)

  中华全国律师协会律师事务所内部管理规则(试行)

  Guidelines to internal governance of law firms, including hiring and termination policy.

  May 02, 2004

• Shanghai Municipality, Issues Relevant to Assignment of Pre-sold Commodity Premises Decision

  上海市关于预售商品房转让问题的决定

  Issued: April 20 2004Main contents: The Decision states that the assignment of the pre-sold commodity residential premises bought by a pre-purchaser must…

  May 02, 2004

• Ministry of Communications and Ministry of Commerce, Administration of Foreign Investment in the International Maritime Transport Industry Provisions

  交通部、商务部外商投资国际海运业管理规定

  Opens up investment and operation of international maritime transport business and auxiliary businesses relating to international maritime transport.

  May 02, 2004