Other Briefings
SAT Releases Tax Exemption Guidelines for Overseas Corporate Income
Jul. 26 – The State Administration of Taxation recently released the Operating Guidelines on Tax Exemptions for Overseas Corporate Income, effective January 1, 2010. SAT Announcement [2010] No. 1, issued on June 28, indicates that China has decided to give similar tax credit to taxes paid abroad by the Chinese branch of a non-resident enterprises […]
China Changes Representative Office Car Import Regulations
Jul. 23 – The Chinese government recently amended the regulations governing the importation of vehicle for representative offices, further limiting the types of vehicles that can be imported into the country by an RO. According the new regulation which came into effect on July 1, cars that are imported by an RO or its representatives […]
Work-related Injury and Death Compensation to Increase in 2011
Jul. 22 – Chinese officials recently stated that starting from January 1, 2011, one-time compensation standards for work-related injuries and deaths caused by workplace accidents will be calculated at 20 times the national disposable income of urban residents for last year. According to the directors of the State Administration for Work Safety, once these new […]
Beijing Municipal Gov’t Clarifies Housing Loan Procedures
Jul. 20 – Beijing municipal government recently clarified the standard procedures in commercial loans to individual house buyers looking for a second house. Jingjianfa [2010] No. 406, issued on July 15, stipulates that borrowers apply for housing loans should fill out the “family has separated flat declaratory form” to declare their housing situation. The commercial […]
SAFE Adjusts Approval on Certain Capital Projects for Foreign Exchange Business
Jul. 2 – The State Administration of Foreign Exchange has adjusted approval on certain capital projects for foreign exchange business, effective July 1, 2010, with the aim of further simplifying administrative and approval procedures and better facilitating investment and trade environment. SAFE’s local branches will determine and approve short-term foreign debt indicators for domestic-funded enterprises; […]
New Issue of China Briefing: Supplier Due Diligence, Drafting OEM Contracts, and Buying and Selling in China
Jul. 1 – In this new issue of China Briefing we go over some important issues to consider when buying and selling in China. From handling suppliers to OEM contracts, we review effective methods for sourcing from China. First we look at the decision to go and the basic questions that need to be answered […]
Dezan Shira to Open Branch in Qingdao
Jun. 30 – Dezan Shira & Associates, the specialist foreign direct investment practice, is opening a branch office in Qingdao. “We have been servicing clients in Qingdao for over 10 years,” says the firm’s principal, Chris Devonshire-Ellis, “and the time is now ripe for us to cement our relationship with the city by establishing a […]
China’s Legal Business Framework
BEIJING, Jun. 29 – Richard Hoffmann, the senior legal associate for Dezan Shira & Associates in Beijing, appeared yesterday as a guest speaker at a “Doing Business in China” seminar held by the Austrian embassy at the Kempinski Hotel Beijing. The seminar was an excellent opportunity for potential investors to learn about a broad spectrum […]
