Legislation

• China Securities Regulatory Commission Notice [2008] No.10 - Provisions for the Administration of Chief Risk Officers of Futures Companies (Trial Implementation)

  中国证券监督管理委员会公告[2008]10号 - 期货公司首席风险官管理规定(试行)

  CSRC requires a chief risk officer in futures companies.

  May 08, 2008

• Ministry of Land and Resources, Land Registration Measures

  国土资源部土地登记办法

  Land registration measures to protect land rights holders.

  May 08, 2008

• State Administration of Taxation, Circular on Issues Relevant to the Prepayment of Enterprise Income Tax of Real Property Developers

  国家税务总局关于房地产开发企业所得税预缴问题的通知

  Rate of tax prepayment raised to 20% for pre-sold premises.

  May 08, 2008

• The 1st Session of the 11th National People’s Congress, Plan on Reform of State Council Organs

  第十一届全国人民代表大会第一次会议国务院机构改革方案

  A new commission and five new ministries are established under the State Council.

  May 08, 2008

• People’s Bank of China, China Banking Regulatory Commission, China Securities Regulatory Commission and China Insurance Regulatory Commission, Several Opinions on Accelerating the Development of the Service Industry with Support from the Financial Sector

  中国人民银行、中国银行业监督管理委员会、中国证券监督管理委员会、中国保险监督管理委员会关于金融支持服务业加快发展的若干意见

  Enterprise groups in the service industry given priority to establish finance companies.

  May 08, 2008

• State Administration of Taxation, Supplementary Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services

  国家税务总局关于服务贸易对外支付税收征管有关问题的补充通知

  International maritime transport not included in trial advance tax filing.

  May 08, 2008

• General Administration of Customs, PRC Customs Measures for the Supervision of Processing Trade Goods (Revised)

  海关总署中华人民共和国海关对加工贸易货物监管办法 (修正)

  Non-principal processes allowed to be outsourced for the processing trade sector.

  May 08, 2008

• State Administration of Taxation, Circular on Issues Relevant to the Administration of Tax Collection Concerning Outbound Payments of Trade in Services

  国家税务总局关于服务贸易对外支付税收征管有关问题的通知

  Procedures for advance tax filing for the service industry clarified.

  May 08, 2008

• General Administration of Customs, PRC Customs Measures for the Administration of Centralized Customs Declaration of Imports and Exports

  中华人民共和国海关进出口货物集中申报管理办法

  Simplified customs procedures for time sensitive, dangerous and low-risk goods.

  May 08, 2008

• Other Recent Legislation for this Month

  NATIONAL LEGISLATIONAVIATION AND AEROSPACEPlan for Distribution of Civil Airports Nationwide 全国民用机场布局规划L4700/07.12.00CONSTITUTION…

  May 08, 2008