Legislation

• State Administration of Taxation, Official Reply to Issues Relevant to Export Tax Rebates of Export Enterprises in Bonded Zones

  国家税务总局关于保税区内出口企业出口退税有关问题的批复

  Issued: July 6 2006Main contents: In view of the fact that export enterprises in bonded zones may handle customs declaration for export business in areas…

  September 02, 2006

• Supreme People's Court, Provisions on Several Issues Concerning the Trial of Letter of Credit Disputes

  最高人民法院关于审理信用证纠纷案件若干问题的规定

  Promulgated: November 14 2005 Effective: January 1 2006Main contents: The Provisions apply to unpaid amount disputes arising in connection with applications…

  September 02, 2006

• Ministry of Commerce, Supplementary Provisions on the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  商务部关于外商投资举办投资性公司的补充规定

  Promulgated: May 26 2006Effective: July 1 2006Main contents: The Supplementary Provisions allow companies with an investment nature to make strategic investments…

  September 02, 2006

• General Administration of Customs, Measures for the Determination of the Dutiable Value of Imports and Exports

  中华人民共和国海关审定进出口货物完税价格办法

  Promulgated: March 28 2006 Effective: May 1 2006Main contents: The Measures comprise:Part One: General ProvisionsPart Two: Dutiable Value of Imported GoodsPart…

  September 02, 2006

• PRC Individual Income Tax Law (3rd Revision)

  中华人民共和国个人所得税法 (第三次修正)

  After the third revision to PRC Individual Income Tax Law taxable income is now the monthly income less a deduction of Rmb1,600 for expenses.

  September 02, 2006

• Implementing Regulations for the PRC Individual Income Tax Law (Amended)

  中华人民共和国个人所得税法实施条例

  The new rules revises six aspects including increasing the deductible amount for income from contracting for or leasing the operation of enterprises or institutions and clarifying tax returns procedures while further stipulating the duties of withholding agents in relation to tax withheld on the full amount for all personnel.

  September 02, 2006

• Supplementary Provisions on the Investment in, and Establishment of, Companies with an Investment Nature by Foreign Investors

  关于外商投资举办投资性公司的补充规定

  The Supplementary Provisions relaxes pre-requisite for foreign investment in the PRC, eligibility of investment companies being recognized as regional headquarters and foreign exchange control procedures.

  September 02, 2006

• Opinions on Regulating the Entry of Foreign Investment into the Real Property Market and the Administration Thereof

  关于规范房地产市场外资准入和管理的意见

  The New Opinions on Foreign Investment in China Real Estate represents the PRC government's concern and determination to cool down an overheated real estate market.

  September 02, 2006

• Circular on Matters Relevant to the Entry by Foreign-invested Banks into the Market for the Provision of Overseas Financial Management Services and Custodian Services on Behalf of Customers

  关于外资银行代客境外理财业务和托管业务市场准入事项的通知

  This Circular provides implementing procedures to the earlier issued Tentative Measures for the Administration of Overseas Financial Management Services Offered by Commercial Banks on Behalf of Customers.

  September 02, 2006

• Circular on Issues Relevant to Revising Certain Foreign Exchange Control Policies Relating to Insurance Business

  关于调整部分保险业务外汇管理政策有关问题的通知

  The Circular permits currency conversions between different foreign currencies at designated banks. It removes the foreign exchange limit and allows the collection of premiums either in renminbi or foreign exchange.

  September 02, 2006