Tax

• State Administration of Taxation, How Provisions on Crediting Purchase of Domestic Equipment against Enterprise Income Tax can be Applied to Foreign-invested Enterprises whose Total Investment Amount is not Approved Official Reply

  国家税务总局关于对不核准投资总额的外商投资企业如何适用购买国产设备抵免企业所得税规定的批复

  The new Regulations opened the advertising market in China to greater foreign participation, and provides a legal guide for gaining more substantial control over their China operations.

  May 02, 2004

• Other Recent Legislation for this Month

  National LegislationConstitution and Legal SystemMinistry of Justice Announcement (No.26) (Two Hong Kong Law Firms Approved to Establish Representative…

  May 02, 2004

• State Council, PRC Countervailing Regulations (Revised)

  国务院中华人民共和国反补贴条例 (修订)

  Countervailing investigations may be suspended or terminated on public interest grounds.

  May 02, 2004

• State Administration of Taxation, Income Tax Issues Relevant to Enterprise Equity Assignment Supplementary Circular

  国家税务总局关于企业股权转让有关所得税问题的补充通知

  The differing characterization of retained earnings as equity assignment income or dividend income, in situations as company stock transfer, liquidation and assignment of subsidiary.

  March 31, 2004

• State Administration of Taxation, Taxation Treatment Issues Concerning Bad Debt Losses Arising from Engagement in Telecommunications Business by Foreign-invested Enterprises Circular

  国家税务总局关于外商投资企业从事电信业务所发生的坏账损失税务处理问题的通知

  While prohibited to make bad debt provisions, foreign telecom operators may now treat customers' bill overdue for a year or more as bad debt.

  March 31, 2004

• Ministry of Finance and State Administration of Taxation, Relevant Tax Issues Concerning Exports of Production Enterprises whose Tax is not Refunded or whose Tax Rebate Rates are Lowered Circular

  财政部、国家税务总局关于生产企业出口不退税和调低退税率货物有关问题的通知

  Producers now has to bear the burdens for the tax portion that is not refunded.

  March 31, 2004

• Other Recent Legislation for this Month

  National LegislationAccountingSystem for Review of the Practice Quality of Accounting Firms (Trial Implementation) 会计师事务所执行质量检查制度（试行）L3110/04.03.04Construction(Administration…

  February 29, 2004

• China Securities Regulatory Commission, Questions and Answers on the Standards for Information Disclosure by Companies that Offer Securities to the Public (No. 1): Extraordinary Gain or Loss (2004 Revision)

  中国证券监督管理委员会公开发行证券的公司信息披露规范问答第1号－非常性损益(2004年修订)

  Clarifies the disclosure requirement for listed companies regarding non-recurring gain or loss.

  February 29, 2004

• State Administration of Taxation, Issues Relevant to Preferential Tax Policy Enjoyed by "Two Intensive" Projects of Foreign-invested Enterprises Circular

  国家税务总局关于外商投资企业享受“两个密集型”税收优惠政策有关问题的通知

  Scope of the preferential tax policy for products of technology and knowledge-based industries.

  January 31, 2004

• State Administration of Taxation, Administration of Tax Registration Procedures

  国家税务总局税务登记管理办法

  The new Procedures exempt state authorities, individuals and mobile small rural merchants from tax registration requirements.

  January 31, 2004