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.
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.
Issued: January 17 2006Main contents: The following enterprises may, in accordance with provisions, apply for consolidated tax payment: (1) the 120 large-scale…
Issued: September 14 2005Main contents: Before the issue of new provisions from the State Council, the Circular on Not Levying Urban Maintenance and Construction…
National LegislationACCOUNTINGEnterprise Accounting Guidelines No.1 – Inventory 企业会计准则第1号 - 存货L3100/06.02.15(1)Enterprise Accounting…
Issued: December 12 2005Effective: January 1 2006Applicability: In the event of a conflict between previous related provisions and this Circular, this…
Issued: January 9 2006Effective: as of date of issueMain contents: The Circular details the requirements concerning the registered capital and other matters…
National LegislationAVIATION AND AEROSPACEState Contingency Plans for Handling Civil Aircraft Accidents 国家处置民用航空器飞行事故应急预案L4700/06.01.22BANKINGKey…
Issued: September 17 2005Effective: January 1 2005Main contents: Pre-tax deduction is permitted according to actual circumstances where insurance companies…
(Issued by the Ministry of Finance and the State Administration of Taxation on, and effective as of, January 9 2006.)