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	<title>China Briefing News &#187; Legal and Regulatory</title>
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	<lastBuildDate>Fri, 10 Feb 2012 11:00:26 +0000</lastBuildDate>
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		<title>China Vows to Increase Wages and Improve Employment</title>
		<link>http://www.china-briefing.com/news/2012/02/10/china-vows-to-increase-wages-and-improve-employment.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/10/china-vows-to-increase-wages-and-improve-employment.html#comments</comments>
		<pubDate>Fri, 10 Feb 2012 11:00:26 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Manufacturing]]></category>
		<category><![CDATA[Minimum Wages]]></category>
		<category><![CDATA[South China]]></category>
		<category><![CDATA[China HR]]></category>
		<category><![CDATA[China Labor]]></category>
		<category><![CDATA[China Overheads]]></category>
		<category><![CDATA[Migrant Workers]]></category>
		<category><![CDATA[Operational Costs]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15608</guid>
		<description><![CDATA[Op/Ed Commentary: Vivian Ni Feb. 10 &#8211; In its latest 12th Five-Year Plan on Employment Improvement (&#8220;Plan&#8221;), China says it will continue working on increasing wage levels and controlling unemployment rates. Under these new targets, enterprises operating in China may face the challenge of increasing operational costs. Minimum wage and social welfare According to the new Plan, the average annual growth rate of China&#8217;s minimum wage levels will be over 13 percent between 2011 and 2015. The minimum wage standards in most areas will not be lower than 40 percent of the local average wage level. For a long time &#8230; <a href="http://www.china-briefing.com/news/2012/02/10/china-vows-to-increase-wages-and-improve-employment.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/10/china-vows-to-increase-wages-and-improve-employment.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>China Clarifies Favorable CIT Treatment to Infrastructure and &#8220;Green&#8221; Projects</title>
		<link>http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html#comments</comments>
		<pubDate>Fri, 10 Feb 2012 06:40:25 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China CIT Deduction]]></category>
		<category><![CDATA[China CIT Exemption]]></category>
		<category><![CDATA[China CIT Incentives]]></category>
		<category><![CDATA[China CIT Law 2008]]></category>
		<category><![CDATA[China Corporate Income Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15593</guid>
		<description><![CDATA[China has granted six-year-long tax incentives to projects on key public infrastructure development and environmental protection. Based on those laws, a recent government document clarified the implementation of such incentives on eligible projects that have already been recognized before 2008. <a href="http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/10/china-clarifies-favorable-cit-treatment-to-infrastructure-and-green-projects.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Liquidating a China Business</title>
		<link>http://www.china-briefing.com/news/2012/02/08/liquidating-a-china-business.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/08/liquidating-a-china-business.html#comments</comments>
		<pubDate>Wed, 08 Feb 2012 06:42:47 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[China Company Law]]></category>
		<category><![CDATA[China Legal]]></category>
		<category><![CDATA[China Liquidation]]></category>
		<category><![CDATA[China Relocation]]></category>
		<category><![CDATA[Closing in China]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15579</guid>
		<description><![CDATA[Many foreign businesses in China do very well and are profitable. However, there will always be some that do not succeed commercially, or that may have to close because of external circumstances affecting their parent company overseas. In this article, we explain the procedures you would need to go through to close a foreign invested enterprise in China, and highlight the many related issues that you will need to address. <a href="http://www.china-briefing.com/news/2012/02/08/liquidating-a-china-business.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
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		<title>Taxation on Real Estate Rental Income in China</title>
		<link>http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html#comments</comments>
		<pubDate>Tue, 07 Feb 2012 11:57:40 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Central China]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[South China]]></category>
		<category><![CDATA[China Business Tax]]></category>
		<category><![CDATA[China Chengdu]]></category>
		<category><![CDATA[China Education Surcharge]]></category>
		<category><![CDATA[China Guangzhou]]></category>
		<category><![CDATA[China Individual Income Tax]]></category>
		<category><![CDATA[China Individual Rental Income]]></category>
		<category><![CDATA[China Individual Rental Tax]]></category>
		<category><![CDATA[China Property Tax]]></category>
		<category><![CDATA[China Shenzhen]]></category>
		<category><![CDATA[China Urban Maintenence and Construction Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15557</guid>
		<description><![CDATA[Including city-specific details on Chengdu, Guangzhou and Shenzhen Feb. 7 &#8211; Both Chinese nationals and a foreign individuals are subject to a combination of taxes on real estate rental income: including individual income tax (IIT), business tax (BT), property tax (PT), urban maintenance and construction tax (UMCT) and an education surcharge (ES). If simply left to adding up all those rates according to each specific tax law, the taxation on individual rental income would end up pretty high. However, in a move to energize China&#8217;s housing supply market, the Chinese government began offering some tax incentives starting in 2008. In &#8230; <a href="http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/07/taxation-on-real-estate-rental-income-in-china.html/feed</wfw:commentRss>
		<slash:comments>2</slash:comments>
		</item>
		<item>
		<title>Foreign Law Firms in China &#8211; 2012 Listings</title>
		<link>http://www.china-briefing.com/news/2012/02/07/foreign-law-firms-in-china-2012-listings.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/07/foreign-law-firms-in-china-2012-listings.html#comments</comments>
		<pubDate>Tue, 07 Feb 2012 10:19:05 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[China Law]]></category>
		<category><![CDATA[China Legal]]></category>
		<category><![CDATA[Foreign Law Firms]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15555</guid>
		<description><![CDATA[Feb. 7 – Foreign law firms practicing China law, and advising clients on the same, must be registered and licensed by China&#8217;s Ministry of Justice, which also acts as the regulatory body. As of December 31, 2011, there were 208 licensed foreign law offices in China &#8211; please find the complete list below. A detailed list (in Chinese) is also provided by the Ministry of Justice on their official web site, you can view the list by clicking here. Contents include the name of the firm, its country of origin, the date the China license was issued, and the firm’s &#8230; <a href="http://www.china-briefing.com/news/2012/02/07/foreign-law-firms-in-china-2012-listings.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/07/foreign-law-firms-in-china-2012-listings.html/feed</wfw:commentRss>
		<slash:comments>1</slash:comments>
		</item>
		<item>
		<title>China Grants Tax Incentives to Logistics Industry</title>
		<link>http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html#comments</comments>
		<pubDate>Mon, 06 Feb 2012 06:14:33 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[Shipping & Logistics]]></category>
		<category><![CDATA[China Logistics]]></category>
		<category><![CDATA[China Logistics Industry]]></category>
		<category><![CDATA[China Shipping]]></category>
		<category><![CDATA[China Urban Land Use Tax]]></category>
		<category><![CDATA[China Warehousing Facilities]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15547</guid>
		<description><![CDATA[In a move to further boost its logistics industry, China is now allowing logistics enterprises to pay less urban land use tax (ULUT) on lands occupied by their commodity warehouses. <a href="http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/02/06/china-grants-tax-incentives-to-logistics-industry.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>China Announces Import Tax Treatment to &#8216;Encouraged&#8217; Foreign-Invested Projects</title>
		<link>http://www.china-briefing.com/news/2012/02/02/china-announces-import-tax-treatment-to-encouraged-foreign-invested-projects.html</link>
		<comments>http://www.china-briefing.com/news/2012/02/02/china-announces-import-tax-treatment-to-encouraged-foreign-invested-projects.html#comments</comments>
		<pubDate>Thu, 02 Feb 2012 08:57:24 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[FDI and Foreign Trade]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China Customs Duty]]></category>
		<category><![CDATA[China FDI]]></category>
		<category><![CDATA[China General Administration of Customs]]></category>
		<category><![CDATA[China Import Taxes]]></category>
		<category><![CDATA[China Import VAT]]></category>
		<category><![CDATA[China Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15524</guid>
		<description><![CDATA[In Announcement [2012] No.4 released on January 29, the Chinese General Administration of Customs clarified the favorable import tax treatment to "encouraged" foreign-invested projects. <a href="http://www.china-briefing.com/news/2012/02/02/china-announces-import-tax-treatment-to-encouraged-foreign-invested-projects.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
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		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Shanghai Offers Fiscal Support to Promote VAT Reform</title>
		<link>http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html#comments</comments>
		<pubDate>Mon, 30 Jan 2012 03:20:58 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[East China]]></category>
		<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China VAT]]></category>
		<category><![CDATA[Shanghai Fiscal Compensation to VAT Reform]]></category>
		<category><![CDATA[Shanghai Pilot Taxpayers]]></category>
		<category><![CDATA[Shanghai VAT Reform]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15497</guid>
		<description><![CDATA[Shanghai's newly included value-added taxpayers (pilot enterprises) may receive fiscal compensation if they see increases in their actual tax burdens under the new tax scheme, local authorities said recently. <a href="http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/30/shanghai-offers-fiscal-support-to-promote-vat-reform.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>Transfers of Natural Resource Use Rights Subject to Business Tax</title>
		<link>http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html#comments</comments>
		<pubDate>Mon, 23 Jan 2012 03:15:24 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Oil & Petroleum]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[China Business Tax]]></category>
		<category><![CDATA[China Intangible Asset Transfer]]></category>
		<category><![CDATA[China Natural Resource Use Rights Transfer]]></category>
		<category><![CDATA[China Natural Resources]]></category>
		<category><![CDATA[China Tax]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15462</guid>
		<description><![CDATA[China's State Administration of Taxation recently clarified the tax treatment to transfers of natural resource use rights. <a href="http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/23/transfers-of-natural-resource-use-rights-subject-to-business-tax.html/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>Guangzhou Simplifies Electronic VAT Declaration Procedures</title>
		<link>http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html</link>
		<comments>http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html#comments</comments>
		<pubDate>Thu, 19 Jan 2012 09:48:03 +0000</pubDate>
		<dc:creator>China Briefing</dc:creator>
				<category><![CDATA[Finance, Tax and Accounting]]></category>
		<category><![CDATA[Legal and Regulatory]]></category>
		<category><![CDATA[Regulatory Update]]></category>
		<category><![CDATA[South China]]></category>
		<category><![CDATA[China Guangzhou VAT]]></category>
		<category><![CDATA[China Tax]]></category>
		<category><![CDATA[China Value Added Tax]]></category>
		<category><![CDATA[China VAT Small-scale Taxpayer]]></category>
		<category><![CDATA[Guangzhou]]></category>
		<category><![CDATA[Online VAT Declaration]]></category>
		<category><![CDATA[Telephone VAT Declaration]]></category>
		<category><![CDATA[VAT Declaration]]></category>

		<guid isPermaLink="false">http://www.china-briefing.com/news/?p=15448</guid>
		<description><![CDATA[Guangzhou's value-added tax small-scale taxpayers are now not required to submit paper declaration forms when they file electronic VAT declarations. <a href="http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
		<wfw:commentRss>http://www.china-briefing.com/news/2012/01/19/guangzhou-simplifies-electronic-vat-declaration-procedures.html/feed</wfw:commentRss>
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