Legislation

The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.

PRC Tentative Regulations on Resource Tax (Revised)

Sasac tightens control of overseas state-owned subsidiaries.

Thresholds for levy of value-added tax raised.

Classification of enterprise registration revised to incorporate foreign partnerships.

Tax policy continued to encourage R&D institutions.

Thresholds for levy of business tax raised.

Employers hiring disabled persons may enjoy multiple VAT tax refunds.

National legislationInvestment instrumentsMeasures for the Administration of the Pilot Engagement in Margin Trading and Short Sale of Securities by Securities…