Tax

By Paul McKenzie and Fraser Mendel, Morrison & Foerster LLPThe Partnership Enterprise Law, originally promulgated on February 23, 1997, was amended…

Chinese tax officials say that they will submit their unified draft tax legislation to parliament in March 2007. The revisions were reviewed by lawmakers…

Chinese tax officials say that they will submit their unified draft tax legislation to parliament in March 2007. The revisions were reviewed by lawmakers…

The Circular changes the practice of pre-levying land value-added tax to settlement of the land tax after the project is complete.

National LegislationBANKINGCircular on Regulating the Administration of Record Filing of Non-performing Claims Transferred Overseas by Domestic Financial…

Individuals required to report equity and property speculation gains in income tax returns.

An overview of the biggest legislative developments over the past two decades and the key issues affecting law firms in China today.

Issued: September 14 2006Main contents: The Circular states that deed tax shall be collected from the donee of immovable property given by another individual.…

Promulgated: November 6 2006Effective: The filing of tax returns for individuals with an annual income of at least Rmb120,000 shall be effective from January…