July 02, 2007
Export tax rebate rate for garments dropped to 11%.
Tax policy on sale-leaseback transactions by foreign-invested real property developers clarified.
The CIRC reinforces contingency administration of major unexpected events in insurance asset management.
Transfer of shares by directors, supervisors and seniormanagement personnel curbed.
Taxes on assignment of land should be paid regardless of completion of formalities.
Income from the processing and sale of natural gas entitled to preferential tax treatment.
New employment contract law imposes greater requirements on employers.
Requirements on accounting firms engaging in securities- and futures-related businesses imposed.
Foreign purchases of real property in Shenzhen restricted.
Accounting firms face stringent tort liability when conducting audits.
