Tag: china

Chinese court in Guangdong allows the use of WeChat and other social media records

In July 2018, the People’s Republic of China Nansha Court of Guangdong Free Trade Zone in Guangdong province issued the Internet Electronic Data Evidence Proof and Certification Procedures. The procedures allow records from social media communication to be submitted to the Nansha Court without notarisation. The procedures fall in accordance with the Civil Procedure Law…

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Regulation Alert: Expansion of the coverage of Preferential Income Tax for Small Low-profit Enterprises

In summary: On 11 July 2018, the Chinese Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly released the Circular on Further Expanding the Coverage of the Preferential Income Tax Policy for Small Low-profit Enterprises [Caishui 2018 No. 77] (Circular No.77). The previous RMB 500,000 upper limit on annual taxable income for…

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When courts in China may hold a director personally liable for their actions under criminal law and civil law

In its most recent newsletter, CONSULEGIS International Litigation & Arbitration Specialist Group presented an abbreviated overview of multiple jurisdictions’ legal views on when, based on company law, is a director is personally liable for their actions. Among the contributors to writing on the topic are five legal advisors from Horizons addressing Indonesia, Mongolia, Korea (DPRK), Russia and…

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China outbound investment: a procedural overview

In 2017, the Chinese government issued several regulative measures to safeguard the rapid growth of China outbound investment. Specifically, the Administrative Measures for Outbound Investment (referred to as Measures), issued by the National Development and Reform Commission, forwards provisions for outbound investment entities, supervision methods and improving outbound investment supervision systems. As a result, China-based…

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Investing in China: the basics of setting up your business and getting it right

Today, China’s increasingly open economic system, combined with an ever-growing middle-class, has paved the road to vast opportunities for foreign investors. Against the backdrop of a reform and economic transformation turned into a sustainable and innovative driven model, China inbound investment has entered a new era. Specifically, in China’s 13th 5-year plan the drive towards…

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