Tax

Circular issued to clarify telecom business tax issues.

Notice stipulating one-off deduction of equity investment losses.

Authorities formulating attractive subsidies and tax breaks

Export tax rebate reductions for high-pollution manufacturers

With new measures allowing overseas private equity players to adopt a new structure for its Rmb funds, authorities have yet to concretely define certain terms of a partnership in order to set a conclusive tax rate

China seeks to levy property taxes.

Sat sets forth clear guidelines for separating PRC and non-PRC revenues of non-tax-residents.

The Measures state that assessment of taxable income of non-tax-resident enterprises shall be based on total revenue, costs and expenses, or revenue converted from operational expenditures.

State Council delegates approval of foreign investment to lower level authorities.