Tax

Tax law revised to allow reduction and waiving of tax on savings interest.

Export tax rebate rate for garments dropped to 11%.

Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.

Taxes on assignment of land should be paid regardless of completion of formalities.

Income from the processing and sale of natural gas entitled to preferential tax treatment.

National LegislationBANKINGMeasures for the Administration of the Report of Transactions Suspicious of Terrorist Financing by Financial Institutions金融机构报告涉嫌恐怖融资的可疑交易管理办法L3610/07.06.11Measures…

Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.

Time limits for depreciation of telecommunications equipment adjusted.

Many exports from China are subject to higher net value-added tax (VAT) costs under a notice effective from July 1 2007.