On June 28th 2010, the State Administration of Taxation (“SAT”) issued the Notice of Effectiveness and Implementation of the China-Barbados Protocol on Avoidance of Double Taxation and Prevention of Fiscal Evasion with Respect to Taxes (Guo Shui Fa [2010] No.64) (“the new Protocol”). According to the Notice, the new Protocol signed on February 10th 2010 …
New China-Barbados Double Taxation Protocol Is to Be Implemented Read More »
In this July, a number of Chinese banks raised the ATM withdrawal fee to 4 Yuan in uniform. Without any notice to the public, the sudden increase in the bank fee caused a severe public censure. As a response to the complaints, the NDRC announced a Q&A on July 28th concerning the recent increase of …
ATM fee get a unanimous raise, new regulations expected to be released Read More »
A vice consul from the U.S. Embassy will be available on Thursday, August 12, 2010, in Qingdao, Shandong Province, China. The vice consul will assist American citizens by performing notary services, adding passport pages, and providing registration information. Passport applications will also be available, and the vice consul will answer other questions related to Embassy services. …
American Citizen Services Outreach Program in Qingdao, Shandong Province of China Read More »
According to foreign media, the attorney-general’s office in the US state of Connecticut lead by Richard Blumenthal is investigating the cooperation deals between Amazon, Apple and leading publishers, concerning possible antitrust violations. And they specifically intend to find out whether the companies are using their size in the market to prevent other retailers from offering …
Amazon and Apple under monopoly investigation for pricing of e-books Read More »
Recently, Shanghai established The Trial Measures on Establishment of Sino-Foreign Equity Joint Venture Enterprises and Sino-Foreign Cooperative Joint Venture Enterprises invested by Domestic Nature Persons in Pudong New District (“Trial Measures”). The Trial Measures consists of ten articles concerning the regulation of domestic nature persons investigating on Sino-Foreign Joint Ventures, and takes effect on May …
Trial Measures First Allows Green-Field Joint Ventures with Chinese Individuals Read More »
Several U.S. institutions in charge of censorship of sensitive merges are under the discussion of attitudes towards Huawei’s merges. The authorities hold different viewpoints on this issue. Last week, Huawei failed in the offering of purchase of 2Wire, a network software corporation. It is ultimately purchased by Pace, with a slight edge. On the other …
The U.S. Authorities Differ on the Merge of Huawei Read More »
On May 19, 2012, the State Administration of Taxation (“SAT”) released a Circular Regarding Certain Issues of Calculating Land Value-Added Tax (“LVAT”), specifying the calculation methods of the LVAT in China. This Circular consists of 8 items, covering the determination of the income, the developing fee, idle land fee, etc. It stipulated more strict rules …
The Circular Regarding Certain Issues of Calculating Land Value-Added Tax Released Read More »
The latest Notice of The General Administration of Customs [2010] No. 46 has been released on 19 July, 2010 and shall take effect as of 26 July this year. It is authoritatively learned that it is the second round adjusting of consumption tax on refined oils in recent two years. China has adjusted the consumption …
Customs Further Adjusts Tax Policies for Import of Refined Oils Read More »
On July 1 the Chinese State Administration for Industry and Commerce released new regulations that seek to reduce online fraud by requiring more information from merchants when registering internet commerce businesses. Now, personal information including real names, contact numbers, and addresses will be required before an individual can open an online store. The government hopes …
The State Administration for Industry and Commerce has recently published their “Measures on the Administration of Trademark Agencies”. Grace Wang, Trademark Agent at Lehman, Lee and Xu, has described this as “the latest move by the SAIC to standardize trademark agency services whilst simultaneously protecting the lawful rights of both trademark agencies and their clients.” …
