Archive for July, 2010

Customs Further Adjusts Tax Policies for Import of Refined Oils

The latest Notice of The General Administration of Customs [2010] No. 46 has been released on 19 July, 2010 and shall take effect as of 26 July this year.
It is authoritatively learned that it is the second round adjusting of consumption tax on refined oils in recent two years. China has adjusted the consumption tax [...]

Published by admin on July 30th, 2010 tagged Uncategorized | Comment now »

The Circular Regarding Certain Issues of Calculating Land Value-Added Tax Released

On May 19, 2012, the State Administration of Taxation (“SAT”) released a Circular Regarding Certain Issues of Calculating Land Value-Added Tax (“LVAT”), specifying the calculation methods of the LVAT in China.
This Circular consists of 8 items, covering the determination of the income, the developing fee, idle land fee, etc. It stipulated more strict rules on [...]

Published by admin on July 30th, 2010 tagged Uncategorized | Comment now »

SAIC Publishes Trademark Agency Rules

The State Administration for Industry and Commerce has recently published their “Measures on the Administration of Trademark Agencies”. Grace Wang, Trademark Agent at Lehman, Lee and Xu, has described this as “the latest move by the SAIC to standardize trademark agency services whilst simultaneously protecting the lawful rights of both trademark agencies and their clients.” [...]

Published by admin on July 28th, 2010 tagged Uncategorized | Comment now »

IPO Seeks Advice On Regulation On Electronic Applications For Patents

The past week has seen the State Intellectual Property Office commence their process of amendment of the Regulation on Electronic Applications for Patents. They have both produced and disseminated draft copies of the Electronic Applications and taken aboard advice from the public. Liang Xie, Patent Attorney at Lehman, Lee and Xu, has suggested that these [...]

Published by admin on July 28th, 2010 tagged Uncategorized | Comment now »

Interim Provisions on the Administration of Intellectual Property of Major National Science and Technology Projects has been released

As an effort to better implement the Major National Science and Technology Projects, the Interim Provisions on the Administration of Intellectual Property of Major National Science and Technology Projects has been released by the Ministry of Science and Technology (MOST), together with the National Development and Reform Commission (NDRC), the Ministry of Finance (MOF), and [...]

Published by admin on July 28th, 2010 tagged Uncategorized | Comment now »

New Regulations Target Internet Fraud

On July 1 the Chinese State Administration for Industry and Commerce released new regulations that seek to reduce online fraud by requiring more information from merchants when registering internet commerce businesses.  Now, personal information including real names, contact numbers, and addresses will be required before an individual can open an online store.  The government hopes [...]

Published by admin on July 28th, 2010 tagged Uncategorized | Comment now »

New Rules Regarding Evidence and Confession in Criminal Cases

On June 25, 2010, China’s Supreme People’s Court, Supreme People’s Procuratorate, Ministry of Public Security, Ministry of State Security, and Ministry of Justice released two new sets of rules regarding the use of evidence in capital cases and the procedure for excluding confessions by criminal suspects that had been obtained through illegal means. The Notice [...]

Published by admin on July 28th, 2010 tagged Uncategorized | 1 Comment »

Shanghai to Launch OTC for Tech Firms

In the coming months Shanghai will launch an over-the-counter equity exchange for high-tech firms in an attempt to lure private investors into the city. Over 16 million RMB will be invested by Shanghai Zhangjiang Hi-Tech Park Development Company. Ownership will be split among the Hi-Tech Park Development Company (20%), Shanghai United Assets and Equity Exchange [...]

Published by admin on July 23rd, 2010 tagged Uncategorized | 1 Comment »

SAFE Clarification Regarding Outbound Direct Investments

Following last year’s issue of the Rules on Foreign Exchange Administration for Outbound Direct Investments by Onshore Entities, SAFE has announced clearer registration procedures that onshore banks must follow for their own outbound direct investments. Onshore banks include; policy banks, State-owned commercial banks, joint stock commercial banks, urban and local banks and locally incorporated foreign [...]

Published by admin on July 23rd, 2010 tagged Uncategorized | Comment now »

Edward Lehman Selected As Recommended Advisor for Chinese Corporate Immigration Law

Edward E. Lehman, Managing Director of Lehman, Lee & Xu was recently selected by the Global Law Experts (GLE) as the recommended adviser in China for Corporate Immigration Law. Each year, GLE selects a single lawyer for each practice area in each country. Mr. Lehman is the longest serving foreign lawyer with Chinese legal firms [...]

Published by admin on July 23rd, 2010 tagged Uncategorized | Comment now »