Ad valorem method used for calculation of resource tax for crude oil and natural gas.
Insurance companies required to deposit capital guarantee funds in more than one bank.
The revised Regulations use ad valorem method for calculation of resource tax for crude oil and natural gas.
The revised Rules raise the thresholds for the levy of value-added tax.
Tax policy continued to encourage foreign-invested R&D institutions.
The Provisions revise the classification of enterprise registration to incorporate foreign partnerships.
Overseas state-owned assets and equity shall be held by an enterprise directly under the central government or a subsidiary thereof.
The Measures require insurance companies to deposit capital guarantee funds in more than one bank.
A debt-for-equity swap shall be subject to a capital verification by a lawfully-established capital verification institution.
The revised Rules raise the thresholds for the levy of business tax.
