Tax

• 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

• State Council, Implementing Measures for Levy and Collection of Individual Income Tax on Interest Income from Savings Deposits (Revised)

  国务院对储蓄存款利息所得征收个人所得税的实施办法 (修订)

  Individual income tax on savings interest significantly reduced.

  September 02, 2007

• Ministry of Finance and State Administration of Taxation, Circular on Revision of the Stamp Duty Rate for Securities (Stock) Transactions

  财政部、国家税务总局关于调整证券(股票)交易印花税税率的通知

  Stamp duty reduced to curb securities speculation.

  July 02, 2007

• PRC Individual Income Tax Law (4th Revision)

  中华人民共和国个人所得税法 (第四次修正)

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

  July 02, 2007

• Ministry of Finance and State Administration of Taxation, Circular on Reduction of Export Tax Rebate Rates of Certain Commodities

  财政部、国家税务总局关于调低部分商品出口退税率的通知

  Export tax rebate rate for garments dropped to 11%.

  July 02, 2007

• State Administration of Taxation, Official Reply on the Issue of the Income Tax Treatment of Sale-leaseback Transactions by Foreign-invested Enterprises that Engage in Real Property Development

  国家税务总局关于从事房地产开发的外商投资企业售后回租业务所得税处理问题的批复

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

  July 02, 2007

• State Administration of Taxation, Official Reply on Tax Issues Concerning the Assignment of Land for Which the Formalities Relevant to the Leasehold Certificate Have Not Yet Been Completed

  国家税务总局关于未办理土地使用权证转让土地有关税收问题的批复

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

  July 02, 2007

• State Administration of Taxation, Circular on Issues Relevant to the Enjoyment of Preferential Treatment as Production Enterprises by Foreign Investors Investing in and Operating Natural Gas Projects

  国家税务总局关于外商投资经营天然气项目享受生产性企业有关问题的通知

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

  July 02, 2007