The Special Administrative Measures for Access of Foreign Investment (Negative List) (2019) (the “Negative List”) promulgated by National Development Reform Commission and Ministry of Commerce went into effect 30 July 2019. The Negative List is revised on a yearly basis to establish the industries in which foreign investment is prohibited or that foreign investors can only take…
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In the annual Work Report delivered at the Two Sessions (Chinese People’s Political Consultative Conference and National People’s Congress), Premier Li Keqiang announced further cuts to value-added tax rates. From 1 April 2019, the following rates shall be effective: Sector Previous rate New rate Manufacturing sector 16% 13% Construction and transport (including passenger transport services)…
Read moreRegistered capital refers to the capital to be paid by the shareholders or promoters of a company. The minimum amount of registered capital mandated to be registered was eliminated in 2014, except where required by law, rules and regulations. The Circular of the State Council on Issuing the Reform Proposals for the Registered Capital Registration…
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