31 Mar 2015

PRC Law Update

Promulgation of Catalogue of Industries for Guiding Foreign Investment (2015 Revision)

The Catalogue of Industries for Guiding Foreign Investment (2015 Revision) has been promulgated by National Development and Reform Commission and the Ministry of Commerce, and will come into force on 10 April 2015. Simultaneously, the 2011 Revision shall be repealed.

18 Mar 2015

PRC Law Update

“Announcement of the State Administration of Taxation on Issues Relating to Corporate Income Tax on Expenses Paid by an Enterprise to its Overseas Affiliated Party” was promulgated on 18 March 2015

The State Administration of Taxation promulgated the “Announcement of the State Administration of Taxation on Issues Relating to Corporate Income Tax on Expenses Paid by an Enterprise to its Overseas Affiliated Party” (“the Notice”) on 18 March 2015.