Ministry of Foreign Trade and Economic Cooperation, State Administration of Taxation, State Administration for Industry and Commerce and State Administration of Foreign Exchange, Issues Relevant to Strengthening the Administration of the Examination, Approval, Registration, Foreign Exchange Issues and Taxation of Foreign-invested Enterprises Circular

Issued: December 30 2002
Effective: January 1 2003

Main contents: The Circular clarifies issues concerning the examination and approval, taxation policies and capital payment of foreign-invested enterprises where the ratio of the foreign investor's capital contribution accounts for less than 25%. The Circular also covers issues concerning acquisition of equity interests in domestic enterprises by foreign investors.
Related legislation: PRC Sino-foreign Equity Joint Venture Law (2nd Revision), Mar 15 2001, CLP 2001 No.3 p5; PRC Sino-foreign Cooperative Joint Venture Law (Revised), Oct 31 2000, CLP 2000 No.10 p21; PRC Wholly Foreign-owned Enterprise Law (Revised), Oct 31 2000, CLP 2000 No.10 p4; PRC Company Law (Amended), Oct 27 2005, CLP 2005 No.10 p4; PRC, Contract Law, Mar 15 1999, CLP 1999 No.4 p19 and PRC Foreign Exchange Control Regulations (2nd Revision), Aug 5 2008, CLP 2008 No.8 p77