Legislation roundup: Intellectual property, social insurance and tax
February 28, 2020 | BY
Susan MokExtension periods are granted to IP applications, as well as social insurance and tax payments for entities affected by the coronavirus epidemic.
Intellectual Property
China National Intellectual Property Administration, Announcement on Relevant Period Matters for Patents, Trademarks and Integrated Circuit Layout Designs Affected by the Epidemic
Where a party misses a deadline specified in the Patent Law or its Implementing Rules or a deadline designated by the China National Intellectual Property Administration due to a reason relating to the epidemic, resulting in the extinguishing of its rights, the first paragraph of Article 6 of the Implementing Rules for the Patent Law shall apply. The party may petition for resumption of its rights within two months from the date on which the obstruction is removed and no later than two years from the date on which the period expires.
Further reading
Labor
Ministry of Human Resources and Social Security, Ministry of Finance and State Administration of Taxation, Circular on Reducing/Exempting Enterprise Social Insurance Premiums for a Period of Time
Commencing from February 2020, provinces, autonomous regions and municipalities directly under the central government (excepting Hubei Province) may, depending on how they are affected by the epidemic and the bearing capacity of the funds, exempt micro, small and medium enterprises from payment of the entity paid portion of the premiums for enterprise basic old-age insurance, unemployment insurance and work-related injury insurance for a period not to exceed five months; for large enterprises and other entities enrolled in social insurance, levy of the entity paid portion of the premiums for three social insurances may be reduced by half for a period not to exceed three months.
National Healthcare Security Administration, Ministry of Finance and State Administration of Taxation, Guiding Opinions on Reducing Employee Basic Medical Insurance Premiums for a Period of Time
Commencing from February 2020, provinces, autonomous regions, municipalities directly under the central government and the Xinjiang Production and Construction Corps may guide the pooling regions in reducing the entity paid portion of employee basic medical insurance premiums by half for a period not to exceed five months.
Further reading
Tax
Ministry of Finance and State Administration of Taxation, Announcement on Tax Policies to Support the Prevention and Control of the Novel Coronavirus Pneumonia Epidemic
The period for enterprises in industries particularly hard hit by the epidemic, including transport, catering, accommodation and tourism, to carry forward deficits incurred in 2020 shall be extended from five years to eight years.
The income derived by taxpayers from the provision of transport services and daily life services shall be exempted from value-added tax.
Further reading
|
This premium content is reserved for
China Law & Practice Subscribers.
A Premium Subscription Provides:
- A database of over 3,000 essential documents including key PRC legislation translated into English
- A choice of newsletters to alert you to changes affecting your business including sector specific updates
- Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
Already a subscriber? Log In Now