Tax

• China's New Accounting Standards A Brief Guide

  China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.

  July 02, 2006

• China's New Accounting Standards A Brief Guide

  China has revised and issued new accounting standards, bringing the country's financial reporting system for listed companies in line with international practices.

  July 01, 2006

• Other Recent Legislation for this Month

  National LegislationBANKINGGuidelines for Corporate Governance and Related Regulation of State-owned Commercial Banks国有商业银行公司治理及相关监管指引L3610/06.04.18CONSTITUTION…

  June 02, 2006

• Ministry of Finance and the State Administration of Taxation, Circular on Revising the Scope of the Tax Refund Policy for the Purchase of Domestically-manufactured Equipment for Foreign-invested Projects

  财政部、国家税务总局关于调整外商投资项目购买国产设备退税政策范围的通知

  Issued: May 10 2006Applicability: In the event of a conflict between this Circular and past provisions, this Circular shall prevail (Article 4).Main contents:…

  June 02, 2006

• Circular on Revising the Scope of the Tax Refund Policy for the Purchase of Domestically-manufactured Equipment for Foreign-invested Projects

  关于调整外商投资项目购买国产设备退税政策范围的通知

  The scope of enterprises eligible for tax refunds on the purchase of domestically-manufactured equipment includes foreign-invested enterprises that are ordinary payers of value-added tax or engage in transport business or the development of ordinary housing.

  June 02, 2006

• Other Recent Legislation for this Month

  National LegislationBANKINGTentative Measures for the Administration of the Information Disclosure of Trust and Investment Companies 信托投资公司信息披露管理暂行办法L3610/06.01.05ENVIRONMENTAL…

  May 02, 2006

• State Administration of Taxation, Circular on Issues Relevant to the Determination of Permanent Establishments and Other Matters for the Purpose of Tax Agreements

  国家税务总局关于税收协定常设机构认定等有关问题的通知

  Issued: March 14 2006Main contents: The Circular clarifies the criteria for determining permanent establishments. clp reference:3210/06.03.14promulgated:2006-03-14

  March 31, 2006

• Renewable Energy Law Encourages a Hundred Flowers to Bloom

  New PRC legislation encourages and supports a broad range of renewable energy and related products and activities, in pursuit of energy supply diversity and security, environmental protection and sustainable development. Promotion of domestic manufacturing may leave foreign equipment exporters out in the cold, while foreign investors and technology providers stand to benefit from incentives and an expanding market.

  March 31, 2006

• Circular on Issues Relevant to the Determination of Permanent Establishments and Other Matters for the Purpose of Tax Agreements

  关于税收协定常设机构认定等有关问题的通知

  With regard to tax agreements entered into by China with foreign states, the term 'permanent establishment' shall be deemed not to include the maintenance of a fixed place of business solely for the purpose of carrying on, for the enterprise, any activity of a preparatory or auxiliary character.

  March 31, 2006

• State Administration of Taxation, Circular on the Regulation of the Scope of Consolidated Enterprise Income Tax Payment

  国家税务总局关于规范汇总合并缴纳企业所得税范围的通知

  Issued: January 17 2006Main contents: The following enterprises may, in accordance with provisions, apply for consolidated tax payment: (1) the 120 large-scale…

  February 28, 2006