Legislation

Advertising expenditures of cosmetic, pharmaceutical and beverage enterprises may be deducted against 30% of their sales revenues.

The Interpretation defines terms such as "a well-informed person with inside information regarding a securities or futures transaction" and "period of sensitivity of inside information".

National legislation  Emerging industriesPlan for the Development of New State Strategic Industries During the 12th Five-year Plan “十二五”国家战略性新兴产业发展规划L2100/12.07.09 Environmental…

Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.

Shareholders may not sell privately offered bonds to insurance companies that they control.

Guidelines require deferred payment of bonuses of senior management personnel of insurance companies.

If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.

For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.

The Measures have been revised to pave the way for seed funding requiring the size of the fund to be at least Rmb50 million and the number of fundholders to be at least 200.