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China resource tax reforms to roll out nationwide

Hogan Lovells
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China
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October 28 2011

On September 30, 2011, the State Council released revisions to the Tentative Regulations of the People's Republic of China on Resource Tax, Regulations of the People's Republic of China on Sino-foreign Cooperative Exploitation of Ocean Oil Resources and the Regulations of the People's Republic of China on the Exploitation of Continental Oil Resources (together the "Revisions"), which will take effect on November 1, 2011

New SAFE circular changes the rules on company financings and round-tripping investments via overseas special purpose companies

Hogan Lovells
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China
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June 16 2011

The State Administration of Foreign Exchange ("SAFE") promulgated the State Administration of Foreign Exchange Circular on Issuing the Operational Rules concerning Foreign Exchange Administration of Company Financings and Round Tripping Investments via Overseas Special Purpose Companies by Residents in China Huifa (2011) No. 19 ("Circular 19") on May 17, 2011

China provides tax incentives for CDM fund and CDM project developers

Hogan Lovells
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China
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June 30 2009

On March 23, 2009, the PRC Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly issued a circular to clarify, for the first time, the enterprise income tax (EIT) incentives available to projects that utilize a clean development mechanism (CDM

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China resource tax reforms to roll out nationwide

New SAFE circular changes the rules on company financings and round-tripping investments via overseas special purpose companies

China provides tax incentives for CDM fund and CDM project developers

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