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Information That Matters

To inform is to care, and we care about our clients’ business. That is why we make sure to keep them abreast of the latest regulatory updates from China and Hong Kong that may affect their companies.

Through our Flash Newsletter we provide monthly the most relevant news around  Finance and Accounting, Tax, Customs, Corporate/Legal,  HR, Treasury/Foreign Exchange.

Our Special Topic Newsletter focus instead on a particular news, providing deeper insights on hot topics relevant for your business.

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SAIC Launches Nationwide Plan against Trademark Infringements

SAIC Launches Nationwide Plan against Trademark Infringements

The action Plan announces the launch of a nationwide campaign against trademark infringement from September 2017 until February 2018, focusing on eradicating the manufacture and sale of trademark infringing commodities and the fabrication of labels of registered trademarks. It calls for cooperating with  right owners, industry associations, e-commerce platforms and other related parties, to counter all illegal practices at different stages throughout the complete chain, including the production and sale of commodities that infringe upon other trademarks and the production of labels for registered trademarks.

The Plan also states that materials containing clues collected and reported by all places shall be detailed and comprehensive, the ownership of trademarks held by relevant parties shall be clear, the information on alleged infringers comprehensive and the details on the place where the alleged infringement takes place and the alleged infringer's use of marks in question shall be complete as well.

The action Plan announces the launch of a nationwide campaign against trademark infringement from September 2017 until February 2018, focusing on eradicating the manufacture and...

More Efficient Customs Clearance with Streamlined Inspection and Quarantine Formalities

More Efficient Customs Clearance with Streamlined Inspection and Quarantine Formalities

According to the Announcement, when handling formalities for applying for customs inspection and quarantine, the inspection candidate shall provide the assurance of conformity issued either by the consigner of outbound goods or by the consignee of inbound goods. The assurance of conformity should cover the commitment of observing laws, guarantee for conformity, responsibilities for quality safety, and voluntary measures to recall products in question when problems in connection with products arise.

Furthermore, the Announcement specifies that goods imported into China for the first time and imported goods required to have inspection and quarantine certificates should undergo tests for the inspection and quarantine purposes on the spot and/or in the laboratories in accordance with applicable provisions.

The examination of documents includes and is not limited to: review of the registration, certification, approval, evaluation, verification, and assurance of conformity, and other processes to ascertain the conformity.

The Announcement also stipulates that, when goods do not pass inspections and quarantine tests or there are proofs that these goods are associated with higher level of risks, or the consignee, consigner or inspection applicant is classified as Level C or below in terms of its exit-entry inspection and quarantine credit, the sampling percentage could be increased up to 100% against such party, after the risk assessment.

According to the Announcement, when handling formalities for applying for customs inspection and quarantine, the inspection candidate shall provide the assurance of conformity issued either by the...

Instant Customs Clearance in all Mainland for Wine Entering through Hong Kong

Instant Customs Clearance in all Mainland for Wine Entering through Hong Kong

Wine re-exported from Hong Kong enjoys instant customs clearance in all customs districts of the Mainland starting from November 9, 2017.
Under the relevant facilitation measures, pre-registered Hong Kong wine traders may submit advance wine consignment information online and enjoy instant customs clearance upon their consignments' arrival at Mainland ports. The measures are exclusive for wine entering the Mainland through Hong Kong and provided that the data and materials on such wine have been declared and filed by Hong Kong registered wine exporters and also examined and filed for record with the Hong Kong Customs and Excise Department. The measures were until now applicable only to five customs districts in the Mainland (Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen) and are extended to all 42 customs districts in the Mainland from the November the 9th onward.

According to the Announcement, the Mainland importers should fill in the column "Notes" on the import declaration form with the “record-filing number of facilitation measures”. “The Mainland has all along been the largest market for wine re-exported from Hong Kong. With the extension of the customs facilitation measures, the wine community will benefit from more speedy customs clearance and greater certainty in the Mainland when re-exporting through Hong Kong. The extension will support international wine traders in tapping the Mainland market by making use of Hong Kong's top-notch business and logistics infrastructure, and further strengthen Hong Kong's unique position as Asia's wine hub", a spokesman for the Commerce and Economic Development Bureau said. 

Wine re-exported from Hong Kong enjoys instant customs clearance in all customs districts of the Mainland starting from November 9, 2017.
Under the relevant facilitation measures, pre-...

State Council Cancels Business Tax and Adjustments to VAT

State Council Cancels Business Tax and Adjustments to VAT

According to SAT Announcement n.36 provisions: starting from January 1, 2018, issues related to the continuation to deduct taxes indicated on the overdue VAT deduction vouchers must be subject to the approval granted by provincial level SAT offices; from November 1, 2017 if a taxpayer applies on a regular basis for paying both VAT and consumption tax, it only needs to specify the regular payment in the application materials prepared for this purpose, instead of submitting separate application materials for VAT and consumption tax; some amendments to the Announcement of the State Administration of Taxation on Issues concerning the Taxation Credit by Overdue Value-added Tax Deduction Vouchers are introduced and to its appendix (Administrative Measures for Overdue Value-added Tax Deduction Vouchers), effective as of January 1, 2018.

Furthermore, where the general VAT taxpayers have had relevant deeds but the VAT deduction voucher have not been verified, confirmed and audited within the required time limits because of objective reasons, they shall be allowed to continue to deduct the amount of tax in question, providing that the vouchers are considered conformable.

According to SAT Announcement n.36 provisions: starting from January 1, 2018, issues related to the continuation to deduct taxes indicated on the overdue VAT...

MEP Regulates the Application and Issuance of Pollutant Discharge Permits for the Pharmaceutical Industry and Others

MEP Regulates the Application and Issuance of Pollutant Discharge Permits for the Pharmaceutical Industry and Others

Recently, the Ministry of Environmental Protection (“MEP”) has issued nine national environmental protection standards, including the Technical Specification for Application and Issuance of Pollutant Discharge Permits: Pharmaceutical Industry – Active Pharmaceutical Ingredient Manufacturing (the “Technical Specification”). All standards take effect immediately from the issue date.

Recently, the Ministry of Environmental Protection (“MEP”) has issued nine national environmental protection standards, including the Technical Specification for Application and Issuance of...

Reinforced Implementation of the Super Pre-tax Deduction Policy for R&D Expenses

Reinforced Implementation of the Super Pre-tax Deduction Policy for R&D Expenses

The Circular states that, with regard to the verification of R&D projects that relate to enterprises' immediate benefits, including the verification of said projects in the process and the verification of ex post checks on projects in question, efforts should be made to unify relevant policies, make clear the special coordination mechanism, work out the implementation of rules for the verification of R&D projects, and standardize the handling procedures.

The Circular states that, with regard to the verification of R&D projects that relate to enterprises' immediate benefits, including the verification of said projects in the process and the...

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Focus

Shanghai Issues New Establishment Policies to Attract Multinational Companies

In this Special Topic Newsletter, we look at Policy Amendments that are encouraging multinational companies to establish regional headquarters in Shanghai.As China becomes more and more active in the global market, Shanghai Municipal People’s Government recognizes that Shanghai plays a leading role in China’s opening-up reform. Through amending the policy framework for encouraging multinational companies (MNCs) to set up regional headquarters (Regional HQ) in Shanghai, with the Circular No. 9, Shanghai government relaxes the business scope and the assessment criteria for regional headquarters. Consequently, Regional HQs will now have more autonomy in prioritizing their business activities in order to align with the group’s overall strategy.C&A Advisors pride ourselves on keeping our clients informed and prepared about the constant evolution of Chinese marketplace, please download and read our Special Topic Newsletter to better understand the new policy amendments. 

Q&A

No Q&A available at this time.

On This Monthly Issue

SAIC Launches Nationwide Plan against Trademark Infringements

SAIC Launches Nationwide Plan against Trademark Infringements

The action Plan announces the launch of a nationwide campaign against trademark infringement from September 2017 until February 2018, focusing on eradicating the manufacture and sale of trademark infringing commodities and the fabrication of labels of registered trademarks. It calls for cooperating with  right owners, industry associations, e-commerce platforms and other related parties, to counter all illegal practices at different stages throughout the complete chain, including the production and sale of commodities that infringe upon other trademarks and the production of labels for registered trademarks.

The Plan also states that materials containing clues collected and reported by all places shall be detailed and comprehensive, the ownership of trademarks held by relevant parties shall be clear, the information on alleged infringers comprehensive and the details on the place where the alleged infringement takes place and the alleged infringer's use of marks in question shall be complete as well.

The action Plan announces the launch of a nationwide campaign against trademark infringement from September 2...

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SAIC Launches Nationwide Plan against Trademark Infringements

The action Plan announces the launch of a nationwide campaign against trademark infringement from September 2017 until February 2018, focusing on eradicating the manufacture and sale of trademark infringing commodities and the fabrication of labels of registered trademarks. It calls for cooperating with  right owners, industry associations, e-commerce platforms and other related parties, to counter all illegal practices at different stages throughout the complete chain, including the production and sale of commodities that infringe upon other trademarks and the production of labels for registered trademarks.

The Plan also states that materials containing clues collected and reported by all places shall be detailed and comprehensive, the ownership of trademarks held by relevant parties shall be clear, the information on alleged infringers comprehensive and the details on the place where the alleged infringement takes place and the alleged infringer's use of marks in question shall be complete as well.

http://www.ca-advisors.net/sites/default/files/newsletters/ca_advisors_monthly_newsletter_issue_no.10_-_november_2017.pdf
0
More Efficient Customs Clearance with Streamlined Inspection and Quarantine...

More Efficient Customs Clearance with Streamlined Inspection and Quarantine...

According to the Announcement, when handling formalities for applying for customs inspection and quarantine, the inspection candidate shall provide the assurance of conformity issued either by the consigner of outbound goods or by the consignee of inbound goods. The assurance of conformity should cover the commitment of observing laws, guarantee for conformity, responsibilities for quality safety, and voluntary measures to recall products in question when problems in connection with products arise.

Furthermore, the Announcement specifies that goods imported into China for the first time and imported goods required to have inspection and quarantine certificates should undergo tests for the inspection and quarantine purposes on the spot and/or in the laboratories in accordance with applicable provisions.

The examination of documents includes and is not limited to: review of the registration, certification, approval, evaluation, verification, and assurance of conformity, and other processes to ascertain the conformity.

The Announcement also stipulates that, when goods do not pass inspections and quarantine tests or there are proofs that these goods are associated with higher level of risks, or the consignee, consigner or inspection applicant is classified as Level C or below in terms of its exit-entry inspection and quarantine credit, the sampling percentage could be increased up to 100% against such party, after the risk assessment.

According to the Announcement, when handling formalities for applying for customs inspection and quarantine, the insp...

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0

More Efficient Customs Clearance with Streamlined Inspection and Quarantine...

According to the Announcement, when handling formalities for applying for customs inspection and quarantine, the inspection candidate shall provide the assurance of conformity issued either by the consigner of outbound goods or by the consignee of inbound goods. The assurance of conformity should cover the commitment of observing laws, guarantee for conformity, responsibilities for quality safety, and voluntary measures to recall products in question when problems in connection with products arise.

Furthermore, the Announcement specifies that goods imported into China for the first time and imported goods required to have inspection and quarantine certificates should undergo tests for the inspection and quarantine purposes on the spot and/or in the laboratories in accordance with applicable provisions.

The examination of documents includes and is not limited to: review of the registration, certification, approval, evaluation, verification, and assurance of conformity, and other processes to ascertain the conformity.

The Announcement also stipulates that, when goods do not pass inspections and quarantine tests or there are proofs that these goods are associated with higher level of risks, or the consignee, consigner or inspection applicant is classified as Level C or below in terms of its exit-entry inspection and quarantine credit, the sampling percentage could be increased up to 100% against such party, after the risk assessment.

http://www.ca-advisors.net/sites/default/files/newsletters/ca_advisors_monthly_newsletter_issue_no.10_-_november_2017.pdf
0
Instant Customs Clearance in all Mainland for Wine Entering through Hong Kong

Instant Customs Clearance in all Mainland for Wine Entering through Hong Kong

Wine re-exported from Hong Kong enjoys instant customs clearance in all customs districts of the Mainland starting from November 9, 2017.
Under the relevant facilitation measures, pre-registered Hong Kong wine traders may submit advance wine consignment information online and enjoy instant customs clearance upon their consignments' arrival at Mainland ports. The measures are exclusive for wine entering the Mainland through Hong Kong and provided that the data and materials on such wine have been declared and filed by Hong Kong registered wine exporters and also examined and filed for record with the Hong Kong Customs and Excise Department. The measures were until now applicable only to five customs districts in the Mainland (Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen) and are extended to all 42 customs districts in the Mainland from the November the 9th onward.

According to the Announcement, the Mainland importers should fill in the column "Notes" on the import declaration form with the “record-filing number of facilitation measures”. “The Mainland has all along been the largest market for wine re-exported from Hong Kong. With the extension of the customs facilitation measures, the wine community will benefit from more speedy customs clearance and greater certainty in the Mainland when re-exporting through Hong Kong. The extension will support international wine traders in tapping the Mainland market by making use of Hong Kong's top-notch business and logistics infrastructure, and further strengthen Hong Kong's unique position as Asia's wine hub", a spokesman for the Commerce and Economic Development Bureau said. 

Wine re-exported from Hong Kong enjoys instant customs clearance in all customs districts of the Mainland starting fr...

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0

Instant Customs Clearance in all Mainland for Wine Entering through Hong Kong

Wine re-exported from Hong Kong enjoys instant customs clearance in all customs districts of the Mainland starting from November 9, 2017.
Under the relevant facilitation measures, pre-registered Hong Kong wine traders may submit advance wine consignment information online and enjoy instant customs clearance upon their consignments' arrival at Mainland ports. The measures are exclusive for wine entering the Mainland through Hong Kong and provided that the data and materials on such wine have been declared and filed by Hong Kong registered wine exporters and also examined and filed for record with the Hong Kong Customs and Excise Department. The measures were until now applicable only to five customs districts in the Mainland (Beijing, Shanghai, Tianjin, Guangzhou and Shenzhen) and are extended to all 42 customs districts in the Mainland from the November the 9th onward.

According to the Announcement, the Mainland importers should fill in the column "Notes" on the import declaration form with the “record-filing number of facilitation measures”. “The Mainland has all along been the largest market for wine re-exported from Hong Kong. With the extension of the customs facilitation measures, the wine community will benefit from more speedy customs clearance and greater certainty in the Mainland when re-exporting through Hong Kong. The extension will support international wine traders in tapping the Mainland market by making use of Hong Kong's top-notch business and logistics infrastructure, and further strengthen Hong Kong's unique position as Asia's wine hub", a spokesman for the Commerce and Economic Development Bureau said. 

http://www.ca-advisors.net/sites/default/files/newsletters/ca_advisors_monthly_newsletter_issue_no.10_-_november_2017.pdf
0
State Council Cancels Business Tax and Adjustments to VAT

State Council Cancels Business Tax and Adjustments to VAT

According to SAT Announcement n.36 provisions: starting from January 1, 2018, issues related to the continuation to deduct taxes indicated on the overdue VAT deduction vouchers must be subject to the approval granted by provincial level SAT offices; from November 1, 2017 if a taxpayer applies on a regular basis for paying both VAT and consumption tax, it only needs to specify the regular payment in the application materials prepared for this purpose, instead of submitting separate application materials for VAT and consumption tax; some amendments to the Announcement of the State Administration of Taxation on Issues concerning the Taxation Credit by Overdue Value-added Tax Deduction Vouchers are introduced and to its appendix (Administrative Measures for Overdue Value-added Tax Deduction Vouchers), effective as of January 1, 2018.

Furthermore, where the general VAT taxpayers have had relevant deeds but the VAT deduction voucher have not been verified, confirmed and audited within the required time limits because of objective reasons, they shall be allowed to continue to deduct the amount of tax in question, providing that the vouchers are considered conformable.

According to SAT Announcement n.36 provisions: starting from January 1, 2018, issu...

50013
0

State Council Cancels Business Tax and Adjustments to VAT

According to SAT Announcement n.36 provisions: starting from January 1, 2018, issues related to the continuation to deduct taxes indicated on the overdue VAT deduction vouchers must be subject to the approval granted by provincial level SAT offices; from November 1, 2017 if a taxpayer applies on a regular basis for paying both VAT and consumption tax, it only needs to specify the regular payment in the application materials prepared for this purpose, instead of submitting separate application materials for VAT and consumption tax; some amendments to the Announcement of the State Administration of Taxation on Issues concerning the Taxation Credit by Overdue Value-added Tax Deduction Vouchers are introduced and to its appendix (Administrative Measures for Overdue Value-added Tax Deduction Vouchers), effective as of January 1, 2018.

Furthermore, where the general VAT taxpayers have had relevant deeds but the VAT deduction voucher have not been verified, confirmed and audited within the required time limits because of objective reasons, they shall be allowed to continue to deduct the amount of tax in question, providing that the vouchers are considered conformable.

http://www.ca-advisors.net/sites/default/files/newsletters/ca_advisors_monthly_newsletter_issue_no.10_-_november_2017.pdf
0
Policy Amendments Bring MNC’s to Shanghai

Policy Amendments Bring MNC’s to Shanghai

Shanghai Municipal People’s Government announced in Circular No. 9, amendments to the policy framework for encouraging MNC’s to set up regional headquarters in the city. Recognizing that Shanghai plays a leading role in China’s opening-up reform, the circular relaxes the business scope and the assessment criteria for Regional Headquarters.  Additionally, the Circular clarifies that branches functioning as RHQ’s that cannot satisfy all of the assessment criteria may be eligible to hold status as a functional headquarter. The incorporation of functional headquarters will attract more RHQ’s to come to Shanghai and further strengthening the development of the headquarter economy in the city.

Shanghai Municipal People’s Government announced in Circular No. 9, amendments to the policy framework for encouragin...

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Policy Amendments Bring MNC’s to Shanghai

Shanghai Municipal People’s Government announced in Circular No. 9, amendments to the policy framework for encouraging MNC’s to set up regional headquarters in the city. Recognizing that Shanghai plays a leading role in China’s opening-up reform, the circular relaxes the business scope and the assessment criteria for Regional Headquarters.  Additionally, the Circular clarifies that branches functioning as RHQ’s that cannot satisfy all of the assessment criteria may be eligible to hold status as a functional headquarter. The incorporation of functional headquarters will attract more RHQ’s to come to Shanghai and further strengthening the development of the headquarter economy in the city.

http://www.ca-advisors.net/sites/default/files/newsletters/ca_advisors_monthly_newsletter_issue_no.4_-_april_2017.pdf
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