Full Text Translation

The Guidelines allows commercial bank establishments with legal personality to engage in the extension of loans for mergers and acquisitions and set forth the criteria therefor.

The total of the amount of capital contribution in the form of valuated equity and of capital contribution in the form of other valuated non-monetary property by all of the shareholders may not exceed 70% of the registered capital of the investee company.

The Circular specifies the method for apportionment of taxable income among partners of partnerships.

Shanghai offers financial incentives to multinational headquarters.

The Measures define research and development activities and specify the super-deduction of the expenses incurred therefrom.

The Flowchart illustrates the anti-monopoly review process for concentration of business operators.

The Guidelines list the application materials required for reporting of concentrations of business operators and set forth the permission procedure thereof.

Definition of services provided in the PRC that are subject to business tax clarified.

The Implementing Rules clarify the levy of VAT for mixed sales and the definition of "small taxpayer".