A new tax deferral policy providing a temporary waiver of EIT to overseas investors investing in encouraged industries is aimed at attracting more foreign capital. If considering expanding further into the PRC, overseas companies should comprehensively review and readjust their current investment strategies to ensure they can benefit from the new tax deferral.
The annual reports on IP cases issued by the Supreme People's Court always make interesting reading, and the report for 2016 is no exception. A closer look at the highlighted cases provides some particularly revealing insights into the development of what could be described as a case law system with Chinese characteristics.
The amended PRC Anti-unfair Competition Law recognizes the role of middlemen in bribery and describes commercial bribery as having three specific elements. To mitigate legal risks, in-house counsel should ensure compliance regulations are up to date and internal systems are established to educate employees.