http://www.amchamchina.org en-us Copyright (C) AmCham-China. All rights reserved. webmaster@amchamchina.org webmaster@amchamchina.org Bokan Technologies Co. Ltd. http://www.amchamchina.org/rss 0 2012-02-11 03:21 http://www.amchamchina.org/images/logo2.gif http://www.amchamchina.org 51 279 Regulatory Alerts http://www.amchamchina.org/article/9066 <p><span style="font-size: larger;">China's antimonopoly law came into effect in August 2008, after more than a decade of consideration. Even if China's antitrust regime is still in its infancy, it is increasingly a significant concern for Western companies, particularly given the lack of transparency surrounding the antitrust agencies and the resulting unpredictability. <br /> <br /> This Commentary looks at the most significant developments in AML enforcement since its entry into force and what companies doing business in China may expect in the years ahead. </span></p> <p><span style="font-size: larger;">This regulatory alert is provided courtesy of </span><a href="http://www.jonesday.com"><span style="font-size: larger;"><u>Jones Day</u></span></a><span style="font-size: larger;">.<br /> <br /> Download the </span><a href="http://web.resource.amchamchina.org/cmsfile/2012/01/04/5c768e7be4ab30e17e1721ebf0fdf732.pdf"><u><span style="font-size: larger;">PDF</span></u></a><span style="font-size: larger;"> or view the </span><a href="http://www.jonesday.com/looking_back/ "><u><span style="font-size: larger;">full text</span></u></a><span style="font-size: larger;"> on the Jones Day web site.</span></p> Wed, 04 Jan 2012 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/9067 <p><span style="font-size: larger;">On December 8, 2011, the Ministry of Commerce and the State Administration of Foreign Exchange jointly issued the Notice on Further Improvement of Administration of Foreign Invested Holding Company, Shang Zi Han [2011] No. 1078. The Notice clarifies that a foreign invested holding company may directly invest RMB profits derived from China into enterprises within China with the approval of foreign exchange authorities, which restores the tax deferral treatment on reinvestment by foreign invested holding companies. <br /> </span></p> <p><span style="font-size: larger;"><span>This regulatory alert is provided courtesy of </span></span><span style="font-size: larger;"><a href="http://www.jonesday.com"><u>Jones Day</u></a><span>.</span></span></p> <p><span style="font-size: larger;">Download the </span><a href="http://web.resource.amchamchina.org/cmsfile/2012/01/04/1f82bfcd902c293212004480eda694ed.pdf"><span style="font-size: larger;"><u>PDF</u></span></a><span style="font-size: larger;"> or view the </span><a href="http://www.jonesday.com/tax_deferral_on_reinvestment/ "><span style="font-size: larger;"><u>full text</u></span></a><span style="font-size: larger;"> on the Jones Day web site </span></p> <p> </p> Wed, 04 Jan 2012 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/9009 <p><span style="font-size: larger;">Deloitte has surveyed some of the most important questions from our client with respect to the VAT reform pilot program to be launched in Shanghai. They have shortlisted the following top 10 most frequently asked questions and our answers (Series #2). <br /> <br /> </span></p> <ul> <li><span style="font-size: larger;">How to determine whether or not a bundle of shared services provided by holding companies to subsidiaries would fall under the pilot program?</span></li> <li><span style="font-size: larger;">Are commission fees or other agency service income subject to VAT under the pilot program?</span></li> <li><span style="font-size: larger;">If our company is engaged in sales of goods and provision of multiple VATable services at different applicable tax rates, what shall we do to comply with the VAT rules?</span></li> <li><span style="font-size: larger;">Is there any further information with regard to the tax treatment of the provision of services to overseas customers as mentioned in Circular 110 (i.e. tax exempt or zero rated)?</span></li> <li><span style="font-size: larger;">Are we obligated to apply for the general VAT payer status once our annual VATable service revenue meets the threshold of RMB 5 million?  What's the consequence if we failed to comply with this rule?<br /> </span></li> <li><span style="font-size: larger;">If our company has not been informed that we are included in the pilot program by the in-charge tax authority, what do we need to do?</span></li> <li><span style="font-size: larger;">For a consulting service provided in a period from October 2011 to February 2012 and the service fee to be collected in March 2012, what will be the appropriate tax treatments?<br /> </span></li> <li><span style="font-size: larger;">Will the VAT pilot program apply to representative offices located in Shanghai?</span></li> <li><span style="font-size: larger;">For VATable services provided to pilot taxpayers from overseas, how do we calculate the VAT to be withheld when making service fee payments to overseas service providers?</span></li> <li><span style="font-size: larger;">Will the new, or adapted, VAT returns to be adopted for the pilot be the same as the current ones?</span></li> </ul> <p><span style="font-size: larger;"><strong>Download PDF:</strong> </span><span style="font-size: larger;"><span style="font-size: larger;"><a href="http://web.resource.amchamchina.org/cmsfile/2011/12/12/84e80ce7fde4546e21be7e35e1544a6d.pdf"><u><strong>English</strong></u></a>, </span></span><span style="font-size: larger;"><a href="http://web.resource.amchamchina.org/cmsfile/2011/12/12/f9f183d3a199000d3ab078f8f80d85a1.pdf"><u><strong>Chinese</strong></u></a>. </span></p> <p><span style="font-size: larger;"><span>This regulartory alert is provided courtesy of </span></span><span style="font-size: larger;"><span><a href="http://www.deloitte.com/"><u><strong>Deloitte</strong></u></a>.</span></span></p> Mon, 12 Dec 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/8854 <p><span style="font-size: larger;">China’s State Administration of Taxation issued guidance on 26 September 2011 (Bulletin [2011] No. 51) that clarifies the Business Tax (BT) treatment of asset restructuring transactions. According to Bulletin 51, the transfer of all or part of the tangible assets of an enterprise, along with associated receivables, debt and workforce to other units and/or individuals in an asset restructuring transaction via a merger, division, sale or asset exchange, does not fall within the scope of the BT.  Please open and read the attachment for more details.</span></p> <p><strong><span style="font-size: larger;">Download PDF:</span></strong><span style="font-size: larger;"> <a href="http://web.resource.amchamchina.org/cmsfile/2011/11/11/8911bc6a2fc987ac3e4e99689647b9b7.pdf"><u><strong>English</strong></u></a>, <a href="http://web.resource.amchamchina.org/cmsfile/2011/11/11/ce10f377518c4f7ce75284f266b084cb.pdf"><u><strong>Chinese</strong></u></a>. </span></p> <p><span style="font-size: larger;">This regulartory alert is provided courtesy of <a href="http://www.deloitte.com"><u><strong>Deloitte</strong></u></a>.</span></p> Tue, 08 Nov 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/8645 <p><span style="font-size: larger;"><font face="sans-serif">CHINA: SUBSTANTIAL PROGRESS IN PLACE FOR THE THIRD AMENDMENTS TO THE TRADEMARK LAW</font> <br /> <br /> <font face="sans-serif">After discussions and consultations for nearly two years, the Legislative Affairs Office of the State Council of the People's Republic of China published the second version of the draft third amendments to the Trademark Law on September 2, 2011. The public has the opportunity to offer comments on this draft before October 8, 2011. </font> <br /> <br /> <font face="sans-serif">View full text on the Jones Day web site </font></span><a href="http://www.jonesday.com/china_substantial_progress/" title="blocked::http://www.jonesday.com/china_substantial_progress/"><span style="font-size: larger;"><font face="sans-serif" title="blocked::http://www.jonesday.com/china_substantial_progress/">http://www.jonesday.com/china_substantial_progress/</font></span></a></p> <p> </p> Thu, 29 Sep 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/8615 <p><span style="font-size: larger;"><font face="sans-serif">China has published new rules to implement the national security review that will be conducted as part of the review of mergers and acquisitions by foreign investors and involving Chinese companies. These rules provide for review and potential rejection of acquisitions of Chinese companies by foreign investors where such acquisitions could affect national security, economic stability, social order, or research and development capabilities relating to key technologies. As with many rules of this type in China and other jurisdictions, these leave great discretion in the hands of Chinese government agencies. Whether they will constitute another serious obstacle for foreign companies doing business in China will depend on how they are applied in practice.</font> <br /> </span></p> <p><span style="font-size: larger;">The below report is provided courtesy of </span><span style="font-size: larger;"><a href="http://www.jonesday.com"><u><strong>Jones Day</strong></u></a>.</span></p> Fri, 23 Sep 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/8410 <p><span style="font-size: larger;">August 2011 <br /> <br /> On July 27, 2011, the Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation issued The Notice on the Relevant Tax Policies for the Implementation of the Strategy of Extensive Development of the Western Regions, Cai Shui [2011] No. 58. The Notice has extended certain tax incentives for another 10 years, from January 1, 2011 to December 31, 2020. <br /> <br /> <a href="http://www.jonesday.com/china_extends_tax_incentives/ ">http://www.jonesday.com/china_extends_tax_incentives/ </a></span></p> Fri, 12 Aug 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/8341 <p><span style="font-size: larger;">The Hong Kong Court of First Instance (CFI) clarifies the relationship between unrealized gains and assessable profits in Nice Cheer Investment Ltd Case.</span></p> <p><span style="font-size: larger;">This report is provided courtesy of <a href="http://www.deloitte.com/cn"><u><strong>Deloitte</strong></u></a>. </span></p> Mon, 01 Aug 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/7583 <p><font size="2" face="sans-serif">The State Council of the People's Republic of China has published a notice detailing its national security review procedure for the acquisition by foreign investors of domestic Chinese companies. The NSR Notice, which implements Article 31 of the PRC Anti-Monopoly Law, will be applicable as of March 6, 2011. The NSR Notice leaves great discretion in the hands of Chinese government agencies. Whether these rules will constitute another serious obstacle for foreign companies doing business in China will depend on how they are applied in practice.      </font> <br />  </p> <p> This regulatory report is provided courtesy of <a href="http://www.jonesday.com/">Jones Day</a>.</p> Mon, 21 Feb 2011 00:00:00 +0800 Regulatory Alerts http://www.amchamchina.org/article/7493 <p><span style="font-size: larger">This Commentary analyzes China's leniency program for cartel investigations, in the wake of adoption of new rules by the National Development and Reform Commission (&quot;NDRC&quot;) and the State Administration of Industry and Commerce (&quot;SAIC&quot;), China's two non-merger antitrust enforcement agencies. </span></p> Fri, 21 Jan 2011 00:00:00 +0800 Regulatory Alerts