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1.

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

2.

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

3.

Clampdown Announced on Illicit Online Sales Practices

16 June 2017

Online marketplaces are to be under particular scrutiny until the end of November this year as part of a crackdown on misleading and unlawful sales practices....Read More

4.

VAT Invoices Invalid Without Taxpayer Identification Number

15 June 2017

Any enterprise requesting a VAT invoice for a particular purchase is now obliged to provide the vendor with its taxpayer identification number / unified social credit code. The vendor must then record...Read More

5.

Quarantine Charges Dropped by 10% with Immediate Effect

14 June 2017

All quarantine charges, as applicable to any items for import / export, have been reduced by 10% with immediate effect....Read More

6.

Oral Reviews Approved as Part of Trademark Review Process

5 June 2017

Oral reviews, as a part of any trademark review case, may now be held at the request of the relevant parties or if deemed necessary by the Trademark Review and Adjudication Board. This new facility ha...Read More

7.

Five Further Sectors Freed from Business Registration Prior Approval Requirement

1 June 2017

Prior approval for business registration in five further sectors is no longer required. The move now sees 87% of the 226 sectors that required prior approval up until 2013 now freed from such restrict...Read More

8.

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

9.

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

10.

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

11.

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

12.

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

13.

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

14.

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

15.

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

16.

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

17.

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

18.

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

19.

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

20.

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

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