1. The Ministry of Transport and Seven Other Departments Co-Promulgate the Interim Measures on the Administration of Online Taxi Booking
The Ministry of Transport, the Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Commerce, the State Administration for Industry and Commerce, the General Administration of Quality Supervision, Inspection and Quarantine and the Cyberspace Administration, of the People’s Republic of China co-promulgated the Interim Measures on the Administration of Online Taxi Booking (“Measures”) on 14th July, which will take effect on 1st November. Qualified private cars under the Measures can be used as vehicles bookable online and registered as “taxis for passengers to be booked online”. The Measures further expressly sets out that “the fare for the vehicles bookable online is subject to variable market prices, except the municipal government believes it necessary to implement the government’s guidance price”, “any vehicle bookable online that has been driven for up to 600 thousand kilometers must be reported as an abandoned vehicle”, and “any person driving a vehicle bookable online is required to have no criminal record”. [Full Text]
2. China Banking Regulatory Commission and Four Other Departments Co-Promulgate the Interim Measures on the Administration of Activities of Online Borrowing Agencies
China Banking Regulatory Commission, the Ministry of Industry and Information Technology, the Ministry of Public Security and the Cyberspace Administration, of the People’s Republic of China co-promulgated the Interim Measures on the Administration of Activities of Online Borrowing Agencies on 17th August 2016, which consists of forty-seven clauses and contains general provisions with respect to the establishment, operation, etc. of businesses dealing in online borrowing, about the business scope, registration policies, business rules and risk control, protection of borrowers and lenders, information disclosure, supervision and regulation, legal responsibilities, etc. [Full Text]
3. The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation Co-Issue the Notice on the Tax Policies for Products Imported by Animation Businesses for Development and Production of Other Animation Related Products
The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation co-issued the Notice on the Tax Policies for Products Imported by Animation Businesses for Development and Production of Other Animation Related Products, under which the animation businesses accredited by relevant departments of the State Council do not need to pay import duty or VAT in the process of importing any product that is needed for development or production of a product directly related to animation, from 1st January 2016 through 31st December 2020. [Full Text]
4. The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation Co-Issue the Notice on Several Issues in Respect of Tax Rebate Policies for Goods Acquired by Finance Lease
The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation co-issued the Notice on Several Issues in Respect of Tax Rebate Policies for Goods Acquired by Finance Lease，which further interprets the “finance lease enterprises, financial lease companies and their subsidiaries” set out by the clause 1.1 of the (No. C.S.[2014] 62) Circular on the National Tax Rebate Policies for Goods Acquired by Finance Lease co-issued by the Ministry of Finance, the General Administration of Customs and the State Administration of Taxation. [Full Text]
5. The Government of Shanghai Municipality Promulgates the Rules on Family Planning Rewards and Subsidies (Revision)
The Government of Shanghai Municipality promulgated the Rules on Family Planning Rewards and Subsidies (Revision) on 8th July 2016. The aim of the revision this time is to adapt to the full implementation of the unconditional two-child policy across Shanghai. The revised content involved the family planning leave, application for and return of the Honor Certificate for Single Child’s Parents, special support to families complying with the family planning policy, awards for families complying with the family planning policy in some rural areas. [Full Text]
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