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.
New anti-money laundering measures prohibit equity investment from unlawful fund sources.
Issue of subordinated debt with fixed term by insurance companies tightened.
