Adjusting the Authority to Examine and Approve the Opening of Dedicated Foreign Exchange Accounts, and the Settlement of Foreign Exchange Proceeds of Share Offerings, Relating to B-shares Issued Inside China and Shares Listed Outside China Circular
To each branch of the State Administration of Foreign Exchange, the Beijing and Chongqing foreign exchange administration offices of the State Administration of Foreign Exchange and the Dalian, Qingdao, Ningbo, Xiamen and Shenzhen branches of the State Administration of Foreign Exchange:
In order to improve the control of foreign exchange relating to B-share offerings inside China and share offerings outside China and to simplify the relevant examination and approval procedures, the State Administration of Foreign Exchange (SAFE) has decided to adjust the limits of authority to examine and approve the opening of dedicated foreign exchange accounts and the settlement of foreign exchange revenue from share offerings by enterprises that issue B-shares inside China or issue shares outside China, and hereby issues the following Circular:
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Supplementary Circular of the General Administration Customs, the State Economic Commission,the Ministry of Foreign Trade and Economic Cooperation Concerning some Issues of the Classified Management Standard over the Enterprises
The General Administration Customs of Guangdong branch, the customs directly under the General Administration Customs, trade and economic commissions (economic commissions and planning and economic commissions) and foreign trade and economic commissions (departments, bureaus) of the various provinces, autonomous regions, municipalitie directly under the Central Government and municipalities separately listed on the State plan:
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RULES FOR IMPLEMENTATION OF THE LAW OF THE PEOPLE’S REPUBLIC OF CHINA ON PROTECTION OF INVESTMENTS BY TAIWAN COMPATRIOTS
Article 1 These Implementing Rules are formulated in order to implement the Law of the People’s Republic of China on Protection of Investments by Taiwan compatriots, protect and encourage investments by Taiwan compatriots and promote the economic development on both sides of the Straits.
Article 2 Investments by Taiwan compatriots as referred to in these Implementing Rules mean investments made by companies, enterprises, other economic organizations or individuals from the region of Taiwan as investors in other provinces, autonomous regions or municipalities directly under the Central Government (hereinafter referred to as the Mainland).
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State Development Planning Commission and State Economic and Trade Commission, Relevant Questions on Expanding the Local Examination and Approval Authority for Encouraged Category Foreign Investment Projects Not Requiring Overall State Balancing Circular
To the Planning Commissions (Planning and Economic Commissions) and Economic and Trade Commissions (Economic Commissions) of each province, autonomous region, municipality directly under the central government and municipality with independent development plans:
We hereby notify you concerning matters relevant to encouraged category foreign investment projects requiring overall State balancing and to expanding local examination and approval authority for encouraged category foreign investment projects not requiring overall State balancing, in order to implement the General Office of the State Council, Transmitting the Opinions of the Ministry of Foreign Trade and Economic Cooperation and Others on Further Encouraging Foreign Investment at Present (Guo Ban Fa [1999] No. 73).
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Official Reply of the State Administration of Taxation on Issues Concerning Taxation on Interest Income of Enterprises with Foreign Investment and Foreign Enterprises from Purchasing Treasury Bonds
Your Request for Instruction on the Taxation of Interest Income of Enterprises with Foreign Investment and Foreign Enterprises from Purchasing Treasury Bonds has been received. The reply is given as follows upon deliberation:
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Circular of the General Administration Customs on Import Taxation Policy for Further Encouraging Foreign Investment
In accordance with the spirit of the instructions of the State Council, With a view to encouraging foreign investment, the Customs General Administration has decided, after consulted with the Ministry of Foreign Trade and Economic Cooperation, the State Economic and Trade Commission and the Ministry of Finance, to further expand the preferential import taxation policy on foreign investment. The relevant issues are notified as follows:
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Circular of the State Administration of Taxation on the Tax of Donations Received by the Enterprises with Foreign Investment and Foreign Enterprises
The state and local Bureaus of Taxation of province, autonomous region, municipality directly under the Central Government and municipality separately listed on the State plan and Shenzhen local taxation Bureau:
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Circular the General Office of the General Administration of Customs on ton the Exemption of Supervision Fee Concerning Xinjiang Cotton under the Policy of Stalling Cotton in Customs Warehouses for Processing Trade
Guangdong Customs Bureau and all customs bureaus directly under the General Administration of Customs:
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Circular of the Ministry of Foreign Trade and Economic Cooperation on Issue of Reporting to the MOFTEC Conerning the Encouraged Category of Enterprise with Foreign Investment Aproved By Local Competent Authorities
Foreign trade and economic cooperation commissions of the various provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan:
According to the provisions of the Opinions on Further Encouraging Foreign Investment at the Present Period (Guofa [1999] No. 73), the setting up (the approved joint venture contract, the articles of association and appendix) of enterprises with foreign investment under the category of encouragement approved by the provinces themselves without the need of comprehensive balancing by the State, shall have to report for file to the Ministry of Foreign Trade and Economic Cooperation. Based on the laws and regulations of the State for attracting foreign investment, and the relevant rules for filing of enterprises with foreign investment distributed in 1988 by the Ministry of Foreign Trade and Economic Cooperation, the relevant issues are notified as follows:
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Circular of the State Administration of Taxation on Some Tax Issues Concerning Export Goods of Enterprises with Foreign Investment
All the State taxation bureaus of provinces, autonomous regions, municipalitie directly under the Central Government and cities separately listed on the State plan:
In order to further strengthen administration of tax refund (exemption) for export goods of the enterprises with foreign investment and support the expansion of export of the enterprises with foreign investment and in accordance with the spirit of relevant decisions of the State Council, some tax issues concerning export goods of the enterprises with foreign investment which were established upon approval before December 31, 1993 (hereinafter referred to as the old enterprises with foreign investment) are hereby notified as follows:
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