Other Briefings
Shanghai to Raise Minimum Wage Levels and Social Benefits from April 1
SHANGHAI, Mar. 31 – The Shanghai municipal government is raising monthly minimum wage levels from RMB960 to RMB1,120 effective from April 1, 2010. The Shanghai Municipal Human Resources and Social Security Bureau released a circular on March 28 adjusting the minimum wage standards in the city while also stipulating that social security fees, housing funds, […]
Tax Exemptions for Foreign-Funded R&D Centers in China Clarified
Mar. 30 – China’s Ministry of Commerce, Ministry of Finance, General Administration of Customs and State Administration of Taxation jointly issued a circular on March 22 clarifying tax exemptions and refunds for foreign-invested research centers purchasing equipment in China. The circular defines the relevant items related to import duty exemptions for foreign-invested research centers importing […]
Hong Kong Signs Tax Treaties with Netherlands, Brunei
Mar. 29 – Hong Kong recently signed tax agreements with Brunei and the Netherlands for the avoidance of double taxation and the prevention of fiscal evasion of income tax. The deals come at the urging of the Organization for Economic Cooperation and Development, which has asked China’s Special Administrative Region to incorporate a more transparent […]
New Bonded Logistics Center Established in Zhongshan
Mar. 29 – The bonded logistics center of Zhongshan became operational at the beginning of 2010 as one of the city’s 11th five-year plan key projects. Under the supervision of the General Administration of Customs (GAC), the bonded logistics center is operated by one legal enterprise. It is also joined by many enterprises which are […]
Property Deed Tax Incentives for First Time Buyers Clarified
Mar. 25 – The Ministry of Finance and the State Administration of Taxation recently issued a notice clarifying who qualifies for tax incentives when purchasing ordinary housing for the first time. The Circular on Deed Tax Policy Concerning Initial Purchases of Common Housing (Finance Circular [2010] No. 13) stipulates that for two or more individuals […]
Residential Land Sales Temporarily Halted
BEIJING, Mar. 24 – The Ministry of Land and Resources has announced a temporary ban on housing sales, renewing measures to cool soaring real estate prices. “Residential land supply will increase and low-income housing projects will top local governments’ agendas,” Yun Xiaosu, vice minister of land and resources, said during a video-conference on Monday. He […]
Guangzhou Proposes Collective Bargaining Legislation
Mar. 24 – The Guangzhou Federation of Trade Unions has formulated a draft ruling to regulate collective negotiations of labor relationships through legislation. The draft, “Regulations of Guangzhou Municipality for Collective Negotiations for Labor Relationships,” specifically regulates collective negotiations on wages and provides for the comprehensive promotion of industry associations, employers and trade unions in […]
Guangdong Province Adjusts Minimum Wage
GUANGZHOU, Mar. 23 – The Guangdong provincial government has announced that it will adjust the minimum wage levels in the province starting May 1, 2010. All districts across the province are required to follow the new standards. Where conditions permit, the district authorities may raise the appropriate criteria but will not lower the minimum wages […]
