Integrated circuit production enterprises may enjoy up to 10 years of tax exemption. Regulatory policy for alternative energy vehicle manufacturers is relaxed. Food labeling rules are revised to handle new marketing activities.
Daisy Duan, Wang Yan, Chen Yijing and Sun Huanyu of King & Wood Mallesons discuss the newly announced individual tax policies and how it provides clarification on foreign income especially in relation to foreign tax credits, tax filing and cross-border secondments. They also provide suggestions on how to reduce compliance risk in light of the new tax policies
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Law firms and accounting firms are required to carry out record filing for providing services for securities offering. Insurance companies' allocation of equity assets is subject to oversight according to their solvency. Online platform operators may bear e-commerce operator obligations for live streaming marketing.
Scott Yu, Frank Jiang, Rachel Li, Emily Xu and Derek Liu of Zhong Lun Law Firm discuss a recent joint venture between Yum China and Mininglamp that the firm advised on involving a variable interest entity (VIE) structure that received unconditional clearance from the State Administration for Market Regulation (SAMR), which is the first case of its kind in China. They also highlight key issues arising in a merger filing involving a VIE structure and offer some key practical guidance for VIE structured companies