Enterprise income tax may not be levied by assessment against enterprises that solely engage in equity (stock) investment business.
September 12, 2012
Full Text Translation
If the commissioning party of processing trade sells the products at a price higher than the selling price of the commissioned party, it will not be regarded as a direct sale and does not incur consumption tax.
September 12, 2012For the first time, the SAT provides for the direct recognition of a beneficial owner without references and analysis.
September 12, 2012The Measures have been revised to pave the way for seed funding requiring the size of the fund to be at least Rmb50 million and the number of fundholders to be at least 200.
September 12, 2012The limit on the total of the holdings of the A shares of a single listed company by all QFIIs is now increased from 20% to 30% of the listed company's total shares. The qualification thresholds for QFIIs have also been relaxed.
September 12, 2012SIPO offers prioritised examination of invention patent applications involving energy conservation, new energy, alternative energy vehicles and low carbon technology.
September 11, 2012When the Law comes into effect on July 1 2013, the work-type residence permits of foreigners will be valid from 90 days to five years while the non-work-type residence permits will be valid from 180 days to five years.
September 11, 2012An issuer needs to convene a board meeting if the price-earnings ratio of its proposed share price is higher than the industrial average by 25%.
July 12, 2012Letters of intent and MOUs have legal effect.
July 12, 2012Share issuers and lead underwriters allowed to determine share pricing through negotiation between themselves.
July 12, 2012