While an employee is not working because they are receiving medical treatment for a work-related injury, a company is still bound to pay him or hers full salary. Generally the maximum full-pay period is limited to 12 months, but if approved by the Local Labor Bureau, it may be extended for another 12 month period. …
The State Council’s 2008 Regulation on Notification Thresholds for Proposed Concentrations of Undertakings implemented the merger provisions of the Antimonopoly Law. Since the adoption of the regulations, the State Council has reviewed over 100 merger transactions, a majority of which have been cleared. Only one transaction was denied outright, while five others were allowed with …
China’s State Administration of Taxation (SAT) recently clarified issues dealing with business taxes levied on international telecommunication services. According to the provisions of the Interim Regulations for Business Tax, any income acquired by any unit or individual through the leasing of international telecommunication network resources, which may include foreign electric circuits, underwater cables, satellite repeaters, …
China’s SAT Clarifies Taxation Rules for International Telecommunication Services Read More »
In a recent move, China’s National Development and Reform Commission (NDRC) announced that individuals and companies may be fined up to 2 million RMB (295,000 US dollars) for spreading deceptive or false information concerning price hikes. The new policy stems from the Commission’s goal effort to curtail price manipulation and profiteering. The recommend punishments for …
The State Council recently released its Suggestions to Further Improve the Utilization of Foreign Investment . It encourages a more optimal usage of foreign investment by promoting foreign investment in high-end manufacturing industries, high-tech industries, modern services industries, new energy and energy-saving environmental protection industries. Before the end of 2010, the importation of science and …
How China Looks to Improve its Utilization of Foreign Investment Read More »
The State Administration of Taxation (SAT) of the People’s Republic of China recently published a Supplementary Notice in order to clarify the Measures for the Administration of Non-residents’ Treatment under Tax Treaties. Before this notice, it was unclear which identification papers of fiscal residents were required to be submitted by taxpayers in accordance with Articles …
Supplementary Notice Clarifies Treatment of Non-Residents Under Tax Treaties Read More »
The Association for Relations across the Taiwan and the Straits Exchange Foundation have announced the signing of the Cross-Strait Co-operation Agreement on Protection of Intellectual Property Rights . Under the agreement, both parties have agreed to recognize the first application date of the patents, trademark or variety rights of each other, actively promote the corresponding …
Taiwan and Mainland Sign IPR Protection Co-operation Agreement Read More »
The State Administration of Taxation has attempted to clarify issues concerning the issuance of tax payment receipt of individual income tax. The first of the clarifications specifies that where the tax authority directly collects tax payments and the taxpayer requests a tax payment receipt, the tax authority must issue a general certificate of tax payment, …
SAT Issues Notice Regarding IIT Payment Receipt Issuance Read More »
The recently announced Guidelines on Promoting the Sound Development of Online Shopping requires real-name registration for any individual conducting business activities via the internet and gradually implements a business registration system. Furthermore, the guidelines require that commercial vendors improve their service and administration mechanisms, improve the trading environment, regulate trading activities and promote the development …
Recently, the Beijing Higher People’s Court issued “ Guiding Opinions on Hearing Disputes over Online Copyright ,” which mandates two elements that must be present for an infringement by an internet service provider to occur. Usually infringements are related to search engines, data storage, hyperlinks, or peer-to-peer networking. The two necessary elements include: there must …
Beijing High Court: Guidance on the of Hearing of Internet Copyright Cases Read More »
