February 07, 2012
Record filing may be done locally for franchises that operate in more than one province.
Mofcom sets out measures to curb unreported concentrations of business operators.
Companies may simultaneously carry out de-registration, establishment registration or amendment of registration for a merger or division.
Lawful renminbi income may be used directly for domestic investment.
The Catalogue has been revised since the 2007 revision. Venture investment enterprises and intellectual property services are added to the encouraged category while the manufacture of assembled automobiles is removed from the category.
January 15, 2012
PRC Tentative Regulations on Resource Tax (Revised)
December 06, 2011
The revised Regulations use ad valorem method for calculation of resource tax for crude oil and natural gas.
The revised Rules raise the thresholds for the levy of value-added tax.
Tax policy continued to encourage foreign-invested R&D institutions.
The Provisions revise the classification of enterprise registration to incorporate foreign partnerships.