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China: Individual Income Tax Law Revised

(Sept. 24, 2018) On August 31, 2018, the Standing Committee of the National People’s Congress (NPC) of the People’s Republic of China (PRC or China) revised the PRC Individual Income Tax Law (IIT Law). Taking effect on January 1, 2019, the new IIT Law brings significant changes to China’s individual income tax regime. (Zhonghua Renmin […]

China: Supreme Court Issues Rules on Internet Courts, Allowing for Blockchain Evidence

(Sept. 21, 2018) On September 3, 2018, China’s Supreme People’s Court (SPC) issued a judicial interpretation on the hearing of cases by the country’s newly created internet courts. Taking effect on September 7, 2018, the SPC Provisions on the Hearing of Cases by Internet Courts (SPC Interpretation) allows evidence stored and verified on blockchain platforms […]

China: Central Government Bans Sale of E-Cigarettes to Minors

(Sept. 19, 2018) On August 31, 2018, two Chinese central government regulators, the State Administration for Market Regulation (SAMR) and the State Tobacco Monopoly Administration (STMA, also known as China Tobacco), jointly issued a circular to ban the sale of electronic cigarettes to minors. (Guojia Shichang Jiandu Guanli Zongju, Guojia Yancao Zhuanmai Ju Guanyu Jinzhi […]

China: State Council Issues Rules on Normative Documents

(Aug. 28, 2018) On May 31, 2018, the State Council (China’s cabinet) issued a circular on the making of normative documents, which are regulatory documents issued by the government that are not formal regulations as regulated by China’s Law on Legislation, but still impose binding obligations on individuals and legal entities. (Guowuyuan Bangongting Guanyu Jiaqiang […]

China: Tax Incentives Extended to More Small Businesses

(Aug. 17, 2018) On July 11, 2018, China’s Ministry of Finance (MOF) and State Administration of Taxation (SAT) jointly issued a notice mandating the doubling of the income threshold for small, low-profit companies to be eligible for preferential corporate income-tax incentives. (MOF and SAT, Notice on Further Expanding the Scope of Application of the Preferential […]

China: 2020 Air Pollution Action Plan Released

(Aug. 16, 2018) On June 27, 2018, the State Council (China’s cabinet) released a three-year action plan for tackling air pollution, which sets up targets for improving the air quality of the country by 2020. (State Council, Three-Year Action Plan for Winning the Blue Sky War (Guo Fa [2018] No. 22, June 27, 2018) (Three-Year […]

China: Courts Required to Provide Judicial Process Information Through One Online Platform

(July 31, 2018) China’s highest court, the Supreme People’s Court (SPC), recently released the Provisions on the Publication of Judicial Process Information by People’s Courts on the Internet (SPC Provisions). Entering into effect on September 1, 2018, the Provisions require all courts in China to provide judicial process information through one online platform—the China Judicial […]

Hong Kong: Court of Final Appeal Grants Same-Sex Partner Right to Dependent Visa

(July 30, 2018) On July 4, 2018, Hong Kong’s highest court, the Hong Kong Court of Final Appeal, issued a judgment that paves the way for the granting of dependent visas to same-sex partners. (Hong Kong Court of Final Appeal, Press Summary: QT v. Director of Immigration, Hong Kong Judiciary Legal Reference website (last visited […]

China: Central Bank Warns Businesses Not to Refuse Cash

(July 26, 2018) On July 13, 2018, China’s central bank, the People’s Bank of China (PBOC) issued a circular stating that businesses and individuals must not refuse or discriminate against cash payments. (Zhongguo Renmin Yinhang Gonggao [2018] Di 10 Hao [PBOC Circular [2018] No. 10] (July 13, 2018), PBOC website; Amanda Lee, As China Goes […]

China: Government Indicates All Virtual Currency Platforms Have Withdrawn from Market

(July 12, 2018) On July 6, 2018, the People’s Bank of China indicated that the platforms trading virtual currencies, such as Bitcoin, and dealing with initial coin offerings (ICOs) in China have “basically all safely withdrawn from the market.” Chinese authorities had identified 88 virtual currency trading platforms and 85 ICO platforms since September 2017 […]