Clarifies criteria for the recognition of newly established enterprises, eligibility for the preferential income tax policies, the tax authority's power to determine such eligibility, the applicability for fixed periods of enterprise income tax reduction and exemptions.
The People's Court may order an arbitration de novo by the arbitration tribunal when 1) the arbitration award was based on fabricated evidence, or 2) evidence was concealed that would have affected the impartiality of the award.
The Provisions underline the PRC's concern over inbound M&A activities. It adds extra regulations to the administration system, determination of qualified FIEs, certain M&A activities, and foreign exchange registration.
The PRC Enterprise Bankruptcy Law modernizes the PRC corporate bankruptcy regime, applicable to both state-owned and domestic and foreign private companies.
Issued: June 15 2006Main contents: These Opinions seek to:- actively develop individual and group old-age pension insurance businesses;- encourage and…
Issued: May 24 2006Main contents: Starting from June 1 2006, residential premises (including low-priced residential premises) with a unit floor area of…
Issued: July 13 2006Main contents: The Circular states that certain foreign investors were recently found to have circumvented, together with domestic…
Issued: July 11 2006Main contents: The Opinions comprise four sections on:1. Regulating the Entry of Foreign Investment into the Real Property Market;2.…