April 16, 2009
The amended Law allows insurance companies to invest in bonds, stocks, securities investment fund shares and immovable property.
March 17, 2009
FIEs now enjoy same property tax rates as domestic companies.
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.
