Introduction to the Measures for Customs of the People’s Republic of China to Regulate the Administration of Downtown Duty-Free Shops
In recent years, the landscape of global retail has undergone significant transformations, and nowhere is this more evident than in the burgeoning duty-free shopping sector. The People’s Republic of China, recognizing the economic potential of duty-free shops, has introduced a set of comprehensive measures aimed at regulating the administration of downtown duty-free shops. These measures […]
State Council approves delegating administrative authority to Hainan government
To support the construction of the Hainan Free Trade Port (FTP), the State Council approved a request from the People’s Government of Hainan province to temporarily exert administrative approval power over two matters, according to an official reply released on Aug 6. Starting from the reply date to Dec 31, 2028, the Department of Agriculture […]
Shenzhen to Unveil Measures for Fiscally Subsidizing Individual Income Tax in the Guangdong-Hong Kong-Macao GBA
In order to implement the requirements of Cai Shui [2023] No. 34 and Guangdong Cai Shui [2023] No. 21, the Shenzhen Municipal Bureau of Finance (SZBF) is openly soliciting opinions on the “Measures for Implementing Fiscal Subsidies for Individual Income Tax Preferences in Guangdong, Hong Kong and Macao Bay Area (Draft for Opinion)”. The Exposure […]
Possible Personal Liability of Legal Representatives in Mainland China: A Comprehensive Overview
1.Legal Definition of Legal Representative Under Chinese law, a legal representative is defined by the Company Law of the People’s Republic of China (中华人民共和国公司法). This individual is vested with the authority to act on behalf of the company, including signing contracts, entering into agreements, and representing the company in litigation. The legal representative is generally […]