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China: Prior Approval No Longer Needed for Certain Forms of Tax Benefits

(Aug. 28, 2015) On August 18, 2015, China’s State Administration of Taxation (SAT) issued an announcement to publicize 22 tax-related matters, listed in an appendix, for which prior SAT approval is no longer required. (Ying Zhang, China (People’s Rep.): Prior Approval for 22 Tax-Related Items Abolished, TAX NEWS SERVICE (Aug. 24, 2015), International Bureau of […]

China: Cybersecurity Provisions in Proposed or Recently Passed Laws

(Aug. 25, 2015) China’s legislature is considering passage of a comprehensive cybersecurity law. The proposed law on counterterrorism and two other recently passed laws also contain notable cybersecurity provisions. Some of the key features of the provisions are outlined below. The telecommunications regulations governing telecommunications companies (including Internet service providers (ISPs)), which were amended in […]

China: Government Officials to Take Constitutional Oath

(July 27, 2015) On July 1, 2015, the Standing Committee of the National People’s Congress (NPC) of the People’s Republic of China (PRC) adopted a decision requiring government officials to pledge allegiance to the PRC Constitution upon taking office. (Quanguo Renmin Dabiao Dahui Changwu Weiyuanhui Guanyu Shixing Xianfa Xuanshi Zhidu de Jueding [Decision of the […]

China; Taiwan: New Rules Facilitate Taiwan Residents Traveling to the Mainland

(July 22, 2015) On June 14, 2015, the State Council of the People’s Republic of China amended an administrative regulation governing the travel of residents of China’s mainland to Taiwan and of Taiwan residents to the mainland, the Measures for the Control of Chinese Citizens Traveling to and from the Region of Taiwan (Measures). Effective […]

China; Council of Europe; Organisation for Economic Cooperation and Development: Ratification of Mutual Assistance Treaty on Tax Matters

(July 10, 2015) On July 1, 2015, China’s legislature, the National People’s Congress, ratified the multilateral 1988 Council of Europe – Organisation for Economic Co-operation and Development (OECD) treaty of mutual assistance in tax matters, as amended by a 2010 protocol. (China (People’s Rep.); Council of Europe; OECD: Convention and Protocol on Mutual Administrative Assistance […]

China: Law on Legislation Amended

(July 8, 2015) On March 15, 2015, China’s National People’s Congress (NPC) adopted for the first time amendments to the Law on Legislation, which was originally promulgated in 2000. The Law regulates legislative and regulation-making activities of the NPC itself, the State Council (Cabinet), and central government departments and commissions and also the formulation of […]

China: Nationwide Real Estate Registration Rules Entered into Effect

(July 7, 2015) On March 1, 2015, the Provisional Regulations on Real Estate Registration went into effect. The Regulations aim to establish a nationwide real estate registration system in China. (Budongchan Dengji Zanxing Tiaoli [Provisional Regulations on Real Estate Registration] (promulgated by the State Council on Nov. 24, 2014, effective Mar. 1, 2015), State Council […]

China: Environmental Tax

(June 23, 2015) On June 10, 2015, the Legislative Affairs Office of China’s State Council issued a draft environmental tax law for the purpose of solicitating opinions from the public. The draft law was prepared by the Ministry of Finance, the State Administration of Taxation, and the Ministry of Environmental Protection. The government units concerned […]

China; South Korea: Landmark Free Trade Agreement Signed

(June 11, 2015) On June 1, 2015, China and South Korea signed a bilateral free trade agreement (FTA). (Brittany Felder, China, South Korea Sign Free Trade Agreement, PAPER CHASE (June 2, 2015).) The landmark document, which was finalized in November 2014, will eliminate tariffs on more than 90% of the two sides’ goods over the […]

China: Resource Taxes Adjusted for Rare Earth, Tungsten, Molybdenum

(May 12, 2015) On April 30, 2015, China’s Ministry of Finance and the State Administration of Taxation issued a joint notice on adjustments to the resource tax levied on rare earth, tungsten, and molybdenum, to be applied from May 1, 2015. As of that date, the tax on the three materials, including on the raw […]