Hong Kong and Macao insurance agencies allowed to set up wholly-owned insurance agencies on the mainland.
Certain enterprises prepaying tax on a monthly basis now may prepay tax on a quarterly basis.
NATIONAL LEGISLATIONBANKINGPeople's Bank of China Notice [2008] No.5 (Repeal of a list of legislation)中国人民银行公告 (2008) 第5号 L3600/08.01.22CONSTRUCTIONImplementation…
Product innovation encouraged by means of government procurement.
Government purchase of imports gives priority to technology transfer.
More requirements for securities companies on information disclosure.
Calculation of working hours and hourly wage specified.
China sets entry requirements for manufacture of alternative energy vehicles.
The Circular elaborates on the calculation of working days and hours and pro rata calculation of daily wage and hourly wage.
The limit for deduction of expenses raised for wage income of individuals.