Tax

Concentrate on tax policy transparency and consistent enforcement

Thresholds for preferential property-related tax policies raised.

Circular puts an end to FIEs' super national treatment.

Guangzhou imposes age restriction on purchase of property.

Shanghai restricts purchase of residential premises to only one more unit.

Tax filing requirements clarified for enterprise re-organisation.

The Measures detail the administration of general tax treatment of enterprise re-organisation, the administration of special tax treatment of enterprise re-organisation, and the tax administration of cross-border re-organisation.

The new supplemental enterprise reorganisation tax measures fail to open any new doors for cross-border reorganisations to qualify for special tax treatment. In addition, they still require fine-tuning with numerous details lacking

The 2010 China Law & Practice Awards concluded a year of resurgent dealmaking resulting from the welcome return of investor bullishness