Other Briefings
China Regulatory Brief: U.S. Reporting Requirement, Consumption Tax on Cigarettes Raised
In this week’s China Regulatory Brief, we review China’s preliminary approval for business license system, new US reporting requirements, adjusted consumption tax on cigarettes and liberalized aviation maintenance in Beijing.
China Regulatory Brief: Second Draft of Foreign NGOs Rules, New National Holiday Announced
In this week’s China Regulatory Brief, we discuss the newly announced national holiday, the second draft of the foreign NGOs law, rules regarding employee’s salaries, allowances and benefits to be deducted before tax, and China’s new policies for the regional tax incentives offered by local governments.
China Releases Harshest Food Safety Law in History
China is updating its food safety law for the first time since 2009, in what is hailed as the harshest food safety regulation in China so far. The 2015 Food Safety Law will have a significant impact on both domestic and foreign firms involved in food business in China.
China Regulatory Brief: New Rules for Non-Store Retailing, Better Tax Services in Guangdong FTZ
In this week’s China Regulatory Brief, we talk about the new rules for non-store retailing industry, guide to preferential corporate income tax policies in Qianhai, better tax services provided for taxpayers in Shenzhen, and online lottery sales, which is forbidden in China.
Understanding Chinese Economic Reform: Where Foreign Investors Go Wrong
As China reforms and liberalizes its economy, foreign investors and press should acknowledge that it is occurring rapidly and with great success. However, failing to understand the inherently cautious and experimental nature of reform in China will invariably leave one disillusioned.
China to Allow One Location/Multiple Office Registrations
China has decided to simplify companies’ registration and establishment procedures within this year. The AIC will issue a special business license to enterprises with both organization code and tax registration code on it. A unified “business registration code” will be implemented to replace the current three codes for company registration.
China Regulatory Brief: New Food Safety Law, Import Tariffs to be Reduced on Consumer Goods
In this week’s China Regulatory Brief, we discuss the new food safety law to come into effect in October, the updated version of the direct selling business license, fiscal subsidies provided for shale gas exploitation enterprises, and import duties to be reduced by the end of June this year.
China Regulatory Brief: Record Filing Procedures in FTZs, Bank Card Clearing Market Liberalization
In this week’s China Regulatory Brief, we discuss record-filing procedures for foreign investment in the Free Trade Zones, liberalized bank card clearing market, simplified company name registration procedures in Shenzhen city and the new IP circuit court in the Guangdong FTZ.
