日韩午夜精品视频,欧美私密网站,国产一区二区三区四区,国产主播一区二区三区四区

Home
Letters to Editor
Domestic
World
Business & Trade
Culture & Science
Travel
Society
Government
Opinions
Policy Making in Depth
People
Investment
Life
Books/Reviews
News of This Week
Learning Chinese
Laws to Guaranttee National Treatment for FIEs

China has started an unprecedented campaign to revise and draft law and regulations which aims to give foreign-invested enterprises (FIEs) national treatment.

But the present preferential policies will remain for the next few years, government officials said at a seminar devoted to the revision of China's legal system to meet the requirements of the World Trade Organization (WTO).

"Some worries from foreign-funded firms that the present preferences they enjoy now will be cancelled after China joins the WTO are unnecessary," said Li Ling, director-general of the Department of Treaty and Law with the Ministry of Foreign Trade and Economic Co-operation (MOFTEC) on Tuesday during the Fifth China International Fair for Investment and Trade.

"Giving national treatment to foreign-invested enterprises means that they will enjoy the same treatment as domestic businesses and we will direct both businesses from home and abroad to invest in industries and regions China encourages with new preferences in the future," she added.

It was revealed that MOFTEC and other government organizations had been revising the present laws on Sino-foreign joint ventures, Sino-foreign co-operative ventures and solely foreign-funded enterprises.

There is talk of a unified foreign-funded enterprise law, which will revise existing restrictions on proportion of local procurement, foreign balance, and proportion of exports of their products.

A more bold choice may be the revision of the present corporate law so that requirements on FIEs are lifted, Li said.

Liu Changchun, an official from the Legislative Affairs Office under the State Council, also revealed that foreign co-operative businesses could find their local partners on their own rather than through designated intermediaries.

The office will also formulate regulations on anti-dumping, which will specify conditions for the launch of investigations, preliminary rules, and final rules. Preferential taxation, which has attracted much foreign investment, is another file to be revised.

"To bridge the differences between the taxes on domestic and foreign-funded firms will be a main task for us," said Shen Jiajun, a section head with the State Administration of Taxation (SAT).

According to Shen, SAT has been formulating a unified corporate income tax law, which may come out later this year or early next year.

He also revealed that China would draw up three individual laws on value-added, operation and consumption taxes. One of the major changes will be that the taxation scope of value-added tax will be extended to include more sectors.

The administration may also raise the value-added tax rates for those industries which need support from the government after the country's WTO entry. Rates on high-tech sectors will be reduced to encourage foreign investment.

FIEs should also be glad to hear that the vehicle use tax and urban real estate tax, which have incurred many complaints from joint ventures, will be cancelled.

The State Administration of Foreign Exchange is also busy modifying regulations on foreign exchange.

(China Daily 09/12/2001)

Copyright ? China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-68996214/15/16
主站蜘蛛池模板: 九江县| 永丰县| 鲁甸县| 丰城市| 珲春市| 晴隆县| 湖北省| 灵台县| 雷州市| 邓州市| 自贡市| 长宁县| 南木林县| 兴安盟| 合水县| 阜宁县| 尼玛县| 洛南县| 大港区| 长武县| 新昌县| 增城市| 高阳县| 新余市| 旌德县| 聂拉木县| 卢龙县| 泸州市| 武汉市| 杭锦后旗| 固阳县| 潼南县| 小金县| 菏泽市| 呈贡县| 屏南县| 永德县| 明水县| 阿城市| 潜山县| 永胜县|