May 02, 2007
Reduction and exemption of income tax of newly-established enterprises clarified.
Application procedures for settlement and sale of foreign exchange businesses by banks simplified.
Disclosure of specific government information made more transparent.
Environmental protection, energy consumption, employee treatment and equipment quality included in the criteria for engaging in processing trade.
SAFE reduces the short-term foreign debt indicators of financial institutions for 2007.
Set-off of Value-added tax on purchases relating to imports clarified.
Remuneration of administrators determined according to the value of property in the final repayment by the debtor.
Criteria provided for selection of administrators of enterprise bankruptcies.
Requirements for securities-related legal opinions detailed.
Land value-added tax of 1% levied on newly-established premises in Beijing.
