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Preferential Tax Policies for Start-Ups Updated

23 May 2017

The State Administration of Taxation has recently updated the Preferential Tax Policy Guidelines for Mass Entrepreneurship and Mass Innovation in keeping with the newly promulgated preferential tax po...Read More


Logistics Companies to Get 50% Urban Land Use Tax Cut for Warehousing Facilities

18 May 2017

Companies in the logistics sector are now entitled to a 50% reduction on the urban land use tax relating to their bulk commodity warehousing facilities. The implementation of this policy has been back...Read More


13% VAT Charge Revoked as of 1 July

12 May 2017

The current 13% VAT charge will no longer be levied after 1 July this year. Instead, an 11% tax will apply to the sale or import of a number of goods, including agricultural products, drinking water, ...Read More


Use of Expert Database Compulsory for Approval of Government Financial and Technological Projects

9 May 2017

Experts required for the assessment of government projects in the financial or scientific / technological fields must now be sourced from an official database maintained by the Ministry of Science and...Read More


Trademark Registration Costs Cut by 50% with Immediate Effect

28 April 2017

The cost of registering a trademark is to be cut by 50% with immediate effect, according to a new ruling by the Trademark Office, a subsidiary division of the State Administration for Industry and Com...Read More


Approval Given for Random Inspection of Import and Export Items

27 April 2017

The random inspection of a range of import and export commodities not subject to statutory checks is to begin with immediate effect, according to a statement from the General Administration of Quality...Read More


Patent Guidelines Updated and Expanded

25 April 2017

Revised Guidelines for Patent Examination have now been issued by the State Intellectual Property Office. These new regulations have been designed to both boost China’s bid to develop a more innovatio...Read More


State Council Updates VAT, Investment Incentives and Tax Deductions

25 April 2017

As part of continued moves to replace business tax with value-added tax (VAT), while streamlining the overall VAT structure, as of 1 July 2017, the four existing VAT brackets will be reduced to just t...Read More


Ministry of Finance Amends Accounting Standards for Financial Instruments

24 April 2017

The Ministry of Finance has released three new accounting standards – Accounting Standards for Enterprises No. 22: Recognition and Measurement of Financial Instruments, Accounting Standards for Enterp...Read More


Ministry of Justice Strengthens Administration of Judicial Expertise Fee Collection

18 April 2017

In accordance with the decision to reform the administration of judicial expertise made at the 4th Plenary Session of the 18th CPC Central Committee, the General Office of the Ministry of Justice rece...Read More


Shenzhen Adjusts Minimum Wage from June

18 April 2017

The Shenzhen City Human Resources and Social Security Bureau announced its minimum wage adjustment for 2017 on 1 April 2017. The change will become effective on 1 June 2017....Read More


CFDA Adjusts Administrative Approval Procedures for Medical Devices

18 April 2017

In a bid to optimise the workflow and efficiency of the evaluation and approval of medical devices, the Decision of the China Food and Administration (CFDA) on Adjusting Some Administrative Approval P...Read More


SAFE Issues Circular on Facilitating Banks in Trade Documents Checking

13 April 2017

The State Administration of Foreign Exchange (SAFE) recently issued the Circular on Facilitating Banks in Carrying out the Checking of Trade Documents to further facilitate banks in unfolding trade au...Read More


MEP Releases High-Pollution Fuels Catalogue

10 April 2017

In accordance with Article 38 of the Law of the People’s Republic of China on Prevention and Control of Atmospheric Pollution, the Ministry of Environmental Protection promulgated and put into force o...Read More


Minimum Wage Goes Up in Shanghai in April

10 April 2017

Minimum wage went up by RMB110 from RMB2,190 to RMB2,300 in Shanghai on 1 April 2017, with hourly rate rising from RMB19 to RMB20. This represents an annual increase of 5% compared to 8.4% in 2016....Read More


Rules for Managing Database of Consulting Firms to Take Effect on 1 May

31 March 2017

The Ministry of Finance has earlier built a database of public-private partnership (PPP) consulting firms on the basis of the China PPP Integrated Information Platform in a bid to improve information ...Read More


China to Scrap 41 Administrative Fees

27 March 2017

The Ministry of Finance and the National Development and Reform Commission recently issued a circular saying that the State Council had approved the decision to clean up and regulate administrative fe...Read More


AQSIQ Cancels Designation of Pre-shipment Inspection Agencies for Imported Used Mechanical and Electrical Products

27 March 2017

The General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ) released the Decision on Amending the Administrative Measures for the Supervision and Inspection of Imported Used M...Read More


Shanghai Announces Food Safety Regulations

22 March 2017

The Shanghai Food Safety Regulations recently promulgated by the Shanghai Food and Drug Administration took effect on 20 March 2017 (see details [embed link] in Chinese). Under these regulations, the ...Read More


Online Trademark Application System Upgraded

20 March 2017

The Trademark Office of the State Administration for Industry and Commerce recently announced that its online trademark application system has been upgraded to process a wider range of applications su...Read More

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