Page 6 - Interim Measures News Today

We list 10 new laws that may impact business operations in China, expand market access, and regulate industries – from January 1, 2023.

We explain the various procedures foreign workers need to complete before terminating employment in China.

China State Administration for Market Regulation released Interim Measures for the Supervision and Administration of the Quality and Safety of Food-Related Products. This is only regulation in China addressing requirements for manufacture and sales of food-related products.

The China private pension scheme has officially launched, but high barriers to entry mean not many players can get involved - yet.

In terms of turnover tax, the authorities increased tax reduction or refund for the manufacturing industry and micro, small and medium-sized enterprises greatly affected by the pandemic and energy crisis with a sharp drop in value-added tax revenue and rise in export rebate.

Policymakers in the region are working to strike a balance between promoting economic development and raising revenue. Companies need to take a bird’s-eye view of the implications for their businesses

Hainan Free Trade Port’s incentives include lower corporate and income tax rates for qualified entities between January 1, 2020 and December 31, 2024.

According to National Development and Reform Commission, 894kt of WTO-related tariff quotas on cotton will be allocated in 2023, and about 33% of quotas are ...

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KUALA LUMPUR, July 14 — The country’s fiscal position is still strong and the federal government’s debt is still under control, said Finance Minister Datuk Seri Tengku Zafrul...