Chinese walker

To the people’s governments at the provincial level, the people’s governments of autonomous regions and municipalities directly under the State Council, the ministries, and the institutions directly under the State Council

The PRC Enterprise Income Tax Law (referred to as the “EIT Law” hereafter) and the Implementation Regulations of the PRC Enterprise Income Tax Law (referred to as the Implementation Regulations hereafter) will take effect on January 1, 2008. In accordance with Article 57 of the EIT Law, the State Council gives notice on the issues of grandfathering preferential policies under the EIT Law as below:

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It has been a 13-year journey from the preliminary work in 1994 to the passing of thePRC Enterprise Income Tax Law (referred to as “the EIT Law” hereafter) on 16th March 2007, which marked the completion of the unification of two tax systems for  domestically funded and foreign funded enterprises in China. It is a system innovation in the process of building socialism and a harmonized society within the country. To reap the benefits of the new tax system depends very much on its implementation in an effective manner. A few days ago, the State Council announced the long-awaited  Implementation Regulations of the PRC EIT Law (referred to as “the Implementation Regulations” hereafter), which is to come into play with the implementation of the  EIT Law.

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Enterprise Income Tax Law of the People’s Republic of China

Order of the President of the People’s Republic of China
(No. 63)

The Enterprise Income Tax Law of the People’s Republic of China, which was adopted at the 5th Session of the 10th National People’s Congress of the People’s Republic of China on March 16, 2007, is hereby promulgated and shall come into force as of January 1, 2008.

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  China shares fell in February with the H share and MSCI China indices down 3.3% and 1.7% respectively. Concerns that the central government may introduce measures to control speculation in the domestic stock market in anticipation of the annual National People’s Congress meeting triggered the selloff. China financials underperformed the market on profit taking and the People’s Bank Of China’s decision to absorb excess liquidity by increasing the reserve requirement ratio by 0.5% to 10% just before the week-long Chinese New Year holiday. Commodity stocks went up in February on global price rebound.Investors’ focus remained on the newly listed IPOs.

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Profits of China’s state-owned enterprises declined for four consecutive months since August, due largely to high stockpiles and weaker demand during the global financial crisis, sources with the Ministry of Finance said on Sunday.

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China International Exhibition Centre

China International Exhibition Center Group Corporation (CIEC) is a subsidiary of China Council for the Promotion of International Trade and the China Chamber of International Commerce (CCOIC). It presides over the China Association for Exhibition Centers and it is also a member of the Global Association of the Exhibition Industry (UFI) and the International Association for Exhibition Management (IAEM).

Founded in 1985, China International Exhibition Center has developed into a comprehensive exhibition enterprise, with business ranging from venue management to show organization, overseas exhibition, stand construction and exhibition related services.

Contact details:

• Address: 6 East Beisanhuandong Rd., Chaoyang District, Beijing
  (By public transport: Route 300, 302, T8, 718, 801, 967, 957, 954, 419, 18, 104, 110, 731, 730, 830, 831. Alight at Jing An Zhuang or Exhibition Center)
• Tel: 010-84600000
• Fax: 010-84000046
• Postal Code: 100028

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