Tax

• Foreign Investment Industrial Guidance Catalogue (Amended in 2007)

  外商投资产业指导目录 (2007年修订)

  The new guidance catalogue has re-defined industries into those that are encouraged, restricted or prohibited for foreign investment.

  November 30, 2007

• State Administration of Taxation, Circular on Amending the Tax Returns for Self Declaration by Individuals with an Annual Income of Rmb120,000 or More

  国家税务总局关于修改年所得12万元以上个人自行纳税申报表的通知

  Reporting of revenue from individuals' share transfer required in tax returns.

  November 02, 2007

• Guangzhou Municipality, Circular on Increasing the Minimum Amount Subject to Business Tax in the Municipality

  广州市关于提高我省营业税起征点的通知

  Guangzhou reduces the lower threshold for business tax.

  November 02, 2007

• Other Recent Legislation for this Month

  National LegislationAVIATIONPRC Basic Aviation Rules (2nd Revision)中华人民共和国飞行基本规则（第二次修订）L4700/07.10.18CUSTOMSPRC…

  November 02, 2007

• PRC Employment Promotion Law

  中华人民共和国就业促进法

  Law to prevent employment discrimination.

  November 02, 2007

• State Administration of Taxation, Circular on Revising the Rates on Taxable Income for Assessed Levy of Enterprise Income Tax

  国家税务总局关于调整核定征收企业所得税应税所得率的通知

  SAT revises enterprise income tax rates for small businesses in eight industries.

  October 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Cancellation of the Review Authority Required for Temporary Exemption of Individual Income Tax for the Promotion of Practical Application of Scientific and Technological Achievements

  国家税务总局关于取消促进科技成果转化暂不征收个人所得税审核权有关问题的通知

  Individual income tax exemption formalities streamlined for winners for scientific and technological awards.

  September 02, 2007

• State Administration of Taxation, Supplementary Circular on Issues Relevant to the Application of Agreed Tax Rates to the Interest Income of Foreign Nationals and Individual Residents of Hong Kong, Macao and Taiwan Derived from Their Savings Deposits

  国家税务总局关于外籍个人和港澳台居民个人储蓄存款利息所得适用协定税率有关问题的补充通知

  Tax rates on interest income of foreigners may follow bilateral tax agreements.

  September 02, 2007

• Shanghai Municipality, Circular on Issues Relevant to the Levy and Exemption of Land Value-added Tax on the Transfer of Non-ordinary Residential Premises by Individuals

  上海市关于个人转让非普通住房征免土地增值税有关问题的通知

  Land value-added tax levied to cool down the property market in Shanghai.

  September 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Pre-tax Deduction of Commission Expenses Incurred by Insurance Enterprises Related to the Surrendered Insurance Policies

  国家税务总局关于保险企业发生与退保业务相关佣金支出税前扣除问题的通知

  Insurance enterprises allowd to obtain pre-tax deductions of commission expenses for surrendered insurance policies.

  September 02, 2007