China’s Latest Laws and Regulations: June 2013, Part I

I. The State Administration of Taxation Issued a Notice Concerning Issues Related to Declaration of Tax Rebate (Exemption) for Exported Goods by Exporting Enterprises.

Recently, the State Administration of Taxation issued a Notice Concerning Issues Related to the Provision of Proceeds for Declaration of Tax Rebate (Exemption) of Exported Goods by Exporting Enterprises, which clarifies the policy for declaration of value-added tax rebate (exemption) of exported goods by exporting enterprises. The Notice will take into effect on August 1, 2013. At the same time, the State Administration of Taxation also announced the policy interpretation for the notice.

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China’s Latest Laws and Regulations in May 2013

I.  The State Administration of Foreign Exchange Has Issued various new regulations such as the Measures for the Administration of Foreign Exchange in Areas under Special Customs Supervision, Measures for the Administration of Registration of Foreign Debts and Measures for the Administration of Foreign Exchange of Direct Investment inside China by Foreign Investors.

In May 2013, the State Administration of Foreign Exchange issued a series of measures to regulate foreign exchange, including the Measures for the Administration of Foreign Exchange in Areas under Special Customs Supervision, Measures for the Administration of Registration of Foreign Debts, and Measures for the Administration of Foreign Exchange of Direct Investment within China by Foreign Investors. Meanwhile, the List of Regulations for the Administration of Foreign Exchange of Direct Investment within China to be Abolished and the Guidance of Operation of Business of Direct Investment within China were also issued at the same time. The new measures and regulations simplify and integrate the procedures related with foreign investment.

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China’s Latest Laws and Regulations in January 2013 (II)

VI. Thirteen Departments Jointly Issued Opinions on the Protection of the Rights and Interests of the Inventors of Service Inventions.

On January 1, 2013, thirteen departments, including the State Intellectual Property Office, the Ministry of Education, and the Ministry of Science and Technology jointly published the Several Opinions on Further Improving the Protection of the Rights and Interests of Inventors of Service Inventions to Promote the Implementation of Intellectual Property (the “Opinions”). The Opinions aim to protect the legal rights and interests of the inventors of the service inventions, particularly in state-owned enterprises, public institutions, and army units.

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China’s Latest Laws and Regulations in November of 2012, II

V. The Ministry of Commerce Released the Report on Chinese Foreign Trade Development (Autumn 2012)

On October 26, 2012, the Ministry of Commerce released the Report on Chinese Foreign Trade Development (Autumn 2012) (“Report”), which reviews the performance of China’s foreign trade in the first three quarters, forecasts on the full year’s foreign trade situation, and makes projections for development trends in foreign trade in 2013.

According to the report, since 2012, China’s foreign trade development has faced a complex and challenging environment both at home and abroad, imports and exports slipped to single digit growth, and import and export enterprises confronted increased difficulties. But, due to the implementation of a series of measures to promote foreign trade, there is optimism that imports and exports will maintain the upward trend seen in September and that China’s share of total global trade for the year will remain stable or rise slightly.

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