Chinese expends bribery convictions check in the national-wide database *

China - April 2 2012
On February 16, 2012, China’s Supreme People’s Procuratorate (SPP) officially announced that a database listing individuals and companies found guilty of certain bribery offenses now has nationwide scope.

Co-authors: George Qi, Dawn (Dan) Zhang.

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Ministry of Finance issues new rules on deed taxes *

China - April 2 2012
On January 12, 2012, the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) jointly released the Notice On Deed Tax Policies related to Reorganization and Restructuring of Enterprises and Public Institutions (the “Deed Tax Notice”).

Co-authors: George Qi, Dawn (Dan) Zhang.

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Shanghai VAT pilot program: zero rate and exemption *

China - April 2 2012
Following the promulgation of two circulars on the pilot project for replacing the imposition of business tax with value-added tax in Shanghai (Circular No. 110 and Circular No. 111), the Ministry of Finance (MOF) and the State Administration of Taxation (SAT) have jointly released the Circular on Zero Value-Added Tax Rate and Tax Exemption Policy Applicable to Taxable Services (the “VAT Circular”).

Co-authors: George Qi, Dawn (Dan) Zhang.

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SAT clarifies VAT treatment for sale of self-used fixed assets *

China - April 2 2012
On January 6, 2012, the State Administration of Taxation (SAT) issued the Announcement on Issues Relating to Value-Added Tax of Selling the Self-used Fixed Assets by General Taxpayers (the “VAT Announcement”), which became effective on February 1, 2012.

Co-authors: George Qi, Dawn (Dan) Zhang.

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Twelfth Five-Year (2011-2015) plan for medical device and equipment industry *

China - April 2 2012
The PRC Ministry of Science and Technology (MOST) issued the Twelfth Five-Year (2011-2015) Specific Plan for Medical Device and Equipment Industry (the “Medical Plan”) on January 19, 2012.

Co-authors: George Qi, Dawn (Dan) Zhang.

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