March 17, 2009
Losses in partnerships not allowed to be used to deduct other companies' profits.
Shanghai offers financial incentives to multinational headquarters.
FIEs required to calculate property taxes in renminbi.
“Reasonable wages and salaries” defined for enterprise income tax purposes.
Avoidance of double taxation for Chinese enterprises investing overseas.
Capital contribution in the form of equity gets its official go-ahead.
50% of research and development expenses can be deducted before tax.
MOFCOM plans to delegate registration of foreign trade operators to all cities.
National LegislationBANKINGChina Banking Association, Guidelines on Corporate Social Responsibility of Financial Institutions中国银行业协会金融机构企业社会责任指引L3610/09.01.12CONSTITUTION…
Commercial banks allowed to extend loans for mergers and acquisitions.