The limit for deduction of expenses raised for wage income of individuals.

Circular to prohibit purchase of homestead land by urban residents.

Criteria for retrial of civil cases revised.

Liability for compensation of motor vehicle drivers in traffic accidents revised.

More banks are allowed to provide loans for the development of economically affordable residential premises.

The revised Law sets forth more circumstances under which a people's court may approve an application to retry a civil case.

Hong Kong and Macao insurance agencies allowed to set up wholly-owned insurance agencies on the mainland.

Certain enterprises prepaying tax on a monthly basis now may prepay tax on a quarterly basis.

The limit for deduction of expenses raised for wage income of individuals.