This week the government told local authorities to stop giving tax breaks and incentives, Hewlett-Packard neared a deal to sell its data networking business and Facebook worked harder for business from Chinese companies
China's State Administration of Taxation (SAT) recently issued a notice regarding payments involving related offshore parties. China has openly declared its plans to crackdown on tax evasion, so the issuing of new regulations come as no surprise
The CSRC has removed QDII requirements for trading via the Shanghai-HK Stock Connect, the PBOC and Customs have restricted gold imports and exports and the State Council has integrated all mandatory standards
The new national property registration system aims to streamline processes and provide a unified database, but it is hampered by the lack of clarity in the implementing rules, which may make the transition difficult
The new national property registration system aims to streamline processes and provide a unified database, but it is hampered by the lack of clarity in the implementing rules, which may make the transition difficult
This week the SAT has clarified enterprise income tax rules for overseas affiliates and industries in Western China. The Implementing Rules for the national property registration system have also been released
This week Yahoo! laid off about 300 employees as it closed its China office, experts urged legislators to draft a trade secret law, China propelled its seed industry and task forces were assembled to enforce the Environmental Protection Law
The 2015 Foreign Investment Industrial Guidance Catalogue has been released, the CBRC has made obtaining loans for M&A easier and the revised PRC Legislation Law has clarified the regulation of taxes