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1.

Customs Announces End of Guaranteed Deposit System for Processing Trade

18 Aug 2017

Companies involved in the processing trade will no longer be required to use the bank guarantee deposit system. With the backing of the State Council, the General Administration of Customs announced t...Read More

2.

PPP Model to be Adopted for All Future Sewage and Waste Disposal Projects

11 Aug 2017

The public-private partnership (PPP) model has received official backing as the basis for all future sewage and waste disposal projects. A recent circular from the Ministry of Finance and a number of ...Read More

3.

One-stop Registration and Banking Service Launched for Hong Kong Businesses Looking to Invest in Guangdong

4 Aug 2017

A one-stop business registration and banking service has been introduced for Hong Kong investors looking to launch a business in Guangdong. This new service – The Commercial Registration Bank-Governme...Read More

4.

Integrated Customs Clearance Reform Rolled Out on National Basis

31 July 2017

As of 1 July 2017, the General Administration of Customs has extended its revenue collection reform to cover all goods listed in all chapters and sections of the Regulations of the People’s Republic o...Read More

5.

High-Tech Enterprise Tax Incentive Eligibility Updated

28 July 2017

The State Administration of Taxation (SAT) has recently issued a clarification with regards to the criteria by which any high-tech enterprise can be deemed to be eligible for the government’s advantag...Read More

6.

Origin Requirements Simplified for Imports Transited Via Hong Kong and Macau

26 July 2017

The origin requirement with regards to goods transited via Hong Kong and Macau is to be simplified, according to a recent announcement by the General Administration of Customs (GAC). This is in line w...Read More

7.

Environmental Protection Tax Law Set for 2018 Implementation Following End of Public Consultation

25 July 2017

The public consultation process with regard to the proposed Implementation Rules of the Environmental Protection Tax Law of the PRC was scheduled to finish on 26 July this year. Subsequent to this, Th...Read More

8.

Provisions of New Three-Tier VAT Regime Announced

25 July 2017

In line with its policy of VAT reform, including the abolition of business tax in selected service sectors and the streamlining of the relevant tax bands, the State Council has announced a new three-t...Read More

9.

Costs Cut for Commercial and Individual Credit Reports

20 July 2017

The cost of commercial credit reports from the Credit Reference Center, a division of the People’s Bank of China (PBOC), has been cut from RMB60 a copy to RMB40. At the same time, the charge for consu...Read More

10.

Guangdong Issues Negative Lists for Key Ecological Function Zones

17 July 2017

The Development and Reform Commission of Guangdong Province has issued Negative Lists for Industry Access to National Key Ecological Function Zones in Guangdong (Trial Implementation). The lists apply...Read More

11.

Five Point Plan Announced for Simplifying Tax Administrative Permission Procedures

12 July 2017

Five new measures designed to streamline the handling of tax administrative permission items have been announced by the State Administration of Taxation (SAT)....Read More

12.

New CEPA and Ecotech Agreements Extend Investment and Co-operation Opportunities

11 July 2017

The government of the Hong Kong Special Autonomous Region and China’s Ministry of Commerce (MOFCOM) have recently signed a new Investment Agreement in line with the terms of the Mainland and Hong Kong...Read More

13.

Sewage Charges Revised Across Central Guangzhou

7 July 2017

With effect from 1 July 2017, new sewage rates are to apply in seven of Guangzhou’s central urban areas – Tianhe, Yuexiu, Haizhu, Baiyun, Liwan, Huangpu and Panyu district’s University City....Read More

14.

Six Additional Hong Kong/Macau Origin Products Granted CEPA Zero Tariff Status

6 July 2017

Six additional Hong Kong/Macau originated product categories are to be accorded zero tariff status. The designated products include turkey meatballs, aircraft blankets and metallic joints for medical ...Read More

15.

New Catalogue Identifies Guangdong’s Priority Technology and Product Imports

4 July 2017

The 2017 edition of the Catalogue of Technologies and Products Encouraged for Import to Guangdong has now been published. The catalogue identifies a range of overseas-sourced products/technologies tha...Read More

16.

Operators of Unlicensed Cosmetic Medical Services Targetted in Government Crackdown

3 July 2017

Operators of unlicensed or otherwise illegal cosmetic medical services are to be targetted as part of a new government crackdown....Read More

17.

Prior Business Registration Approval Now Only Required in 32 Commercial Sectors

30 June 2017

Prior approval for officially registering businesses is now only required in 32 commercial sectors. The still-restricted sectors include a number of categories deemed sensitive or in particular need o...Read More

18.

Upper Annual Tax Limit Raised for Low-Profit Businesses

28 June 2017

The upper limit of annual taxable income of low-profit enterprises is to be raised from RMB300,000 to RMB500,000. In the case of enterprises with an annual taxable income of RMB500,000 or below, taxab...Read More

19.

Streamlined Online Import-Export Tax Rebate Programme Commences Trials

22 June 2017

Digitally-signed declarations and other required documents may now be submitted online as part of a pilot programme aimed at streamlining the import / export tax rebate process....Read More

20.

Amended Guidelines for the Arbitration of Labour and Personnel Disputes

19 June 2017

The rules governing the resolution of labour and personnel disputes are to be amended as of 1 July. Among the key changes is the provision of financial compensation for individuals deemed to have been...Read More

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