Tax

• State Council, Reform of the Current Export Tax Rebate Mechanism Decision

  国务院关于改革现行出口退税机制的决定

  Issued: October 13 2003Main contents: The Decision states that the rates of export tax rebates are to be adjusted according to different types of products.…

  November 30, 2003

• State Council, PRC Import and Export Customs Duty Regulations

  国务院中华人民共和国进出口关税条例

  Promulgated: November 23 2003Effective: January 1 2004Main contents: As compared to the repealed 1992 Regulations, the new Regulations set forth the criteria…

  November 30, 2003

• State Administration of Taxation, Issues Relevant to the Follow-up Administration after Cancellation of Certain Examination and Approval Requirements in Connection with Foreign-invested Enterprise and Foreign Enterprise Income Tax Circular

  国家税务总局关于取消外商投资企业和外国企业所得税若干审批项目后续管理有关问题的通知

  Issued: October 24 2003Effective: January 1 2003Main contents: The Circular details the follow-up administration after the cancellation of the examination…

  November 30, 2003

• State Administration of Taxation, Implementation Approach on Preferential Treatment for Income Tax of Newly Established Enterprises Official Reply

  国家税务总局关于新办企业所得税优惠执行口径的批复

  Issued: November 18 2003Main contents: The Official Reply clarifies that the date of commencement of business of a newly established enterprise or work…

  November 30, 2003

• Export Tax Rebates: China's Approach to Reforming the System

  Export-oriented businesses have played a leading role in the growth of China's economy in the reform period. At the same time, however, the tax rebates that have been given to exporters as incentives to expand their businesses have created a heavy fiscal burden for the government. What is the solution?

  November 30, 2003

• Structuring Companies in China: Software Enterprises or R&D Centres?

  How a foreign investment is structured as a legal entity in China requires careful consideration as there are different implications and different tax benefits. One of our contributors looks at the implications of company structure for the IT industry.

  November 30, 2003

• Other Recent Legislation for this Month

  National LegislationConstitution and Legal SystemMinistry of Justice Announcement No.19 (115 China Representative Offices of Foreign Law Firms Approved…

  October 31, 2003

• Flying High: China's Aviation Industry Looks To The Future

  China's civil aviation sector looks set to grow considerably in the coming years as tourism expands and amid general economic expansion. The authors take a close look at China's airlines and the prospects for the industry as a whole.

  October 31, 2003

• State Administration of Taxation, Issues Relevant to Enterprise Income Tax on Real Property Development Circular

  国家税务总局关于房地产开发有关企业所得税问题的通知

  Issued: July 9 2003Effective: July 1 2003Applicability: The Circular applies to all types of domestically invested property development enterprises and…

  October 02, 2003

• Filling the Glass Half Full: The WTO and Structural Reform in China

  Most analyses of China's WTO commitments haven't shed much light on how the challenge of implementing the sweeping reforms necessary will be accomplished. Nor, the author argues, do they address the fundamental issue of whether PRC government structure is even up to the task.

  October 02, 2003