Tax

With a view towards improving mainland employers' incentive processes for employees, the Ministry of Finance and the State Administration of Taxation have jointly issued a new Circular clarifying tax treatment and liabilities surrounding stock option schemes of listed companies.

National LegislationACCOUNTINGAccounting Treatment Concerning the Pilot Projects for Securitization of Credit Assets Provisions信贷资产证券化试点会计处理规定L3100/05.05.16…

This Circular address issues of income tax on the stock options of employees, nature of the income from stock options, domestic and foreign sources of income, and calculation of tax payable.

National LegislationAVIATIONAdministration of the Registration of Non-commercial General Aviation Provisions非经营性通用航空登记管理规定L4700/04.10.12BANKINGPromoting…

Issued: March 7 2005Main contents: Technological development and technology transfer businesses that are exempted from business tax as stipulated in the…

Issued: March 16 2005Effective: May 1 2005Interpreting authority: State Administration of TaxationApplicability: For the purposes of the Procedures, the…

By Zhou Jun and Wang Jiangang, [email protected]; [email protected] March 28 2005 the National Development and Reform Commission (NDRC) issued…

China and the Association of Southeast Asian Nations (ASEAN)1 signed the landmark ASEAN-China Agreement on Trade in Goods (ACFTA) on November 29 2004. What does the ACFTA mean for regional business?

Issued: March 29 2005Effective: April 1 2005Main contents: Where vehicles are returned to the manufacturers or dealers due to quality reasons, the amount…