China New Regulations 2021
A series of new regulations have taken effect in China on the 1st of January 2021, including the first civil code.
Civil Code of the People's Republic of China, January 1st, 2021
Measures on Environmental Management Registration of New Chemical Substances, January 1st, 2021
Notice on Revising and Issuing the Accounting Standards for Business Enterprises No. 14 Revenue (New Accounting Standards) January 1st, 2021
Measures for the Security Review of Foreign Investment, January 18th, 2021
The People’s Republic of China Bio Security Law April 15th, 2021
The Copyright Law of the People's Republic of China, June 1st, 2021
The Patent Law of the People's Republic of China, June 1st, 2021
Personal Information Protection Law (draft published for comment, expected in 2021)
Along the aforementioned laws below are a number of new tax regulations effective from the 1st of January 2021.
1. Announcement of the State Taxation Administration [2020] No. 19 Announcement of the State Taxation Administration on Further Simplifying and Optimizing the Method for the Withholding and Prepayment of Individual Income Tax on Some Taxpayers http://www.chinatax.gov.cn/chinatax/n363/c5159450/content.html
2. Announcement of the Ministry of Finance and State Taxation Administration [2020] No. 43 Announcement on Matters Relating to the Pre-tax Deduction of Advertising Expenses and Business Promotion Expenses http://www.chinatax.gov.cn/chinatax/n362/c5159609/content.html
3. Announcement of the Ministry of Finance, State Taxation Administration and Ministry of Industry and Information Technology [2020] No.21 Announcement on the Policy for Exemption from Vehicle Purchase Tax on New-energy Vehicles http://www.chinatax.gov.cn/chinatax/n371/c5148803/content.html
4. Taxation Committee (2020) No.33
Notice of the Customs Tariff Commission of the State Council on the Tariff Adjustment Plan for 2021 http://gss.mof.gov.cn/gzdt/zhengcefabu/202012/t20201223_3636573.htm