 | Shenzhen Local Taxation Bureau to Simplify the Applications for Taxation Registration - 11/20/2008 |
| | Beginning 1 November 2008, the Shenzhen Municipal Bureau of Local Taxation has simplified application for tax registration, so as to reduce the burden on tax-payers. Tax-payers should fill out the new Application Form for Taxation Registration, as the old versions of Taxation Registration Forms will no longer be used. |
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| China to Support the Healthy Development of Light and Textile Industries - 11/20/2008 |
| | On 19 November 2009, the executive meeting of the State Council points out that light and textile industries are China’s traditional dominant industries. The government should try to carry out practical and effective measures that will give these industries more supports so as to help enterprises through difficulties. |
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| Pension Benefits for Enterprise’s Retirees To be Increased Next Year - 11/20/2008 |
| | Beginning 1 January 2009, China will raise the retirement pension for enterprise’s retirees. This will be the fifth adjustment for retirement pensions since 2005. |
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| China to Raise Land Compensation Standards Properly and Progressively - 11/20/2008 |
| | China’s Ministry of Land and Resources (MLR) recently released a circular, calling for deeper reforms of the land requisition system, progressive narrowing of the scope for land requisition, and an improved mechanism for land compensation. Beginning 2009, China will properly and progressively raise land compensation standards. |
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| CIRC Regulates Basic Services in the Life Insurance Business - 11/20/2008 |
| | On 14 November 2008, the China Insurance Regulatory Commission (CIRC) released Rules for Basic Services in the Life Insurance Business (Draft for Comments) (Rules). The public-input process is scheduled to end on 25 November 2008. |
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| China to Cancel 100 Administrative Charges - 11/20/2008 |
| | On 13 November 2008, China’s Ministry of Finance (MOF) and the National Development and Reform Commission (NDRC) released a circular to state that beginning 1 January 2009, China will cancel and stop collecting 100 administrative charges. |
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| MOH Regulates The Use of Flavourings in Infant Formula Foods - 11/20/2008 |
| | The Ministry of Health (MOH) recently released Regulations for The Use of Flavourings in Infant Formula Foods and Cereal (Regulations), which states that infant formula food for infants from 0 to 6 months must not contain any added food flavourings. |
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| Dividends to Non-Resident Enterprises Holding H-Shares Should Pay 10% Income Tax - 11/19/2008 |
| | China’s State Administration of Taxation recently released a circular to clarify that China’s resident enterprises should withhold and remit income tax at 10% when paying dividend for 2008 and later years to non-resident enterprises holding offshore H-shares. |
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| China and the US To Establish Offices for Supervising Food and Drug Safety In Each Country - 11/19/2008 |
| | China and the US plan to establish institutions for food and drug supervision in each country, so as to strengthen the communication and collaboration between the two countries in food and drug supervision. |
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| Case: Company Told to Compensate for Arbitrary Dismissal of Employee - 11/19/2008 |
| | Beijing Yanqing Country People’s Court, in a recent labor dispute case, ruled that the defendant should pay the plaintiff salary, overtime pay and compensation for economic losses. |
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