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CMS is a Future Facing firm. With more than 70 offices in more than 40 countries and 4,800+ lawyers worldwide, we combine deep sector understanding…
Article

CMS, China | China | 7 Jun 2021

Chinese Tax Regulation Update - May 2021

The Announcement clarifies the policy of the refund of uncredited input VAT of enterprises of the advanced manufacturing sector as stated in…
Article

CMS, China | China, Global | 12 May 2021

The Future is Now: The New World of Work in China

As a result of COVID-19 and measures put in place in response to the pandemic, countries around the world - including China - have adopted new…
Article

CMS, China | China | 11 May 2021

Chinese Tax Regulation Update - April 2021

This Circular provides a series of import tax incentives for the encouraged integrated circuit industry and the software industry. The key points…
Article

CMS, China | China | 29 Apr 2021

Highlights on New Regulations on Supervision and Administration of Medical Devices

On 18 March 2021, the State Council promulgated the Regulations on Supervision and Administration of Medical Devices (Revised in 2021), which will…
Article

CMS, China | China | 16 Apr 2021

SAMR Imposed Record Fine on Alibaba for Abuse of Dominant Position

According to the Administrative Penalty Decision (Guo Shi Jian Chu [2021] No. 28) of 10 April 2021("Decision") available on the website of the State…
Article

CMS, China | China, Global | 16 Apr 2021

The Future is Now: The New World of Work in China

As a result of COVID-19 and measures put in place in response to the pandemic, countries around the world - including China - have adopted new…
Article

CMS, China | China | 5 Apr 2021

China publishes the second draft of Personal Data Protection Law

On 29 April 2021, the second draft of the PRC Personal Data Protection Law was published to solicit public opinions until 28 May 2021. Highlights of…
Article

CMS, China | China | 2 Apr 2021

Chinese Tax Regulation Update - March 2021

Expiration date of preferential tax policies provided by 16 circulars (i.e. The VAT exemption on interest income obtained by financial institutions…
Article

CMS, China | China | 25 Mar 2021

Corporate Social Credit System in China - Top 5 implications for the risk management

China’s new Corporate Social Credit System (“CSCS”) has a significant regulatory and business impact on companies operating in China. The following…
Article

CMS, China | China | 24 Mar 2021

Corporate Social Credit System in China: Top 5 Implications for the Risk Management

China's new Corporate Social Credit System ("CSCS") has a significant regulatory and business impact on companies operating in China. Please find…
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