Legislation roundup: Online ads, VAT and property registration
July 14, 2016 | BY
Katherine Jo &clp articles &The SAIC has required online platforms to verify advertiser IDs, RQFIIs have been exempted from VAT and property registrations have been made cancelable through legal proceedings
Advertising
State Administration for Industry and Commerce, Tentative Measures for the Administration of Internet Advertising
When executing internet advertising contracts, operators of advertising service platforms, media platforms and advertising information exchange platforms as well as members of media platforms are required to verify the entity identification documents and information such as the true name, address and valid contact information of the contract counterparties.
See the full translation.
Further reading
Tax
Ministry of Finance and State Administration of Taxation, Supplementary Circular on Value-added Tax Policies on the Interbank Transactions of Financial Institutions and Other Matters
The income derived from the trading of securities in China by a renminbi qualified foreign institutional investor (RQFII) through a domestic company and that of an overseas organization recognized by the PBOC from investment on the interbank renminbi market shall be exempted from VAT.
See the full translation.
Further reading
Property
State Administration for Industry and Commerce, Measures for the Registration of Movable Property Mortgages
Subject to an application by a concerned party or materially interested party, the registry may amend or cancel the relevant movable property registration pursuant to an effective legal document of a people's court or arbitration commission or an effective decision of a people's government.
See the digest for more details.
Further reading
Advertising
State Administration for Industry and Commerce, Tentative Measures for the Administration of Internet Advertising
When executing internet advertising contracts, operators of advertising service platforms, media platforms and advertising information exchange platforms as well as members of media platforms are required to verify the entity identification documents and information such as the true name, address and valid contact information of the contract counterparties.
See the full translation.
Further reading
Tax
Ministry of Finance and State Administration of Taxation, Supplementary Circular on Value-added Tax Policies on the Interbank Transactions of Financial Institutions and Other Matters
The income derived from the trading of securities in China by a renminbi qualified foreign institutional investor (RQFII) through a domestic company and that of an overseas organization recognized by the PBOC from investment on the interbank renminbi market shall be exempted from VAT.
See the full translation.
Further reading
Property
State Administration for Industry and Commerce, Measures for the Registration of Movable Property Mortgages
Subject to an application by a concerned party or materially interested party, the registry may amend or cancel the relevant movable property registration pursuant to an effective legal document of a people's court or arbitration commission or an effective decision of a people's government.
See the digest for more details.
Further reading
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