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  • 2013-12-17
  • 2 minutes Read
Notice on Issues concerning Individual Income Tax on Enterprise Annuities or Occupational Annuities (“Notice”)has been issued

“Notice” has been issued on Dec. 6, 2013, which will come into force on Jan. 1, 2014. The highlights of this “Notice” on Individual Income Tax (“IIT”) on enterprise annuities or occupational annuities are as follows: Deferred IIT treatment. According to the previous regulations, contributions for enterprise annuities shall be combined with the regular salary and calculate the IIT payable accordingly. “Notice” states that Deferred IIT treatment shall be applied according to the following circumstances. For contributions made by companies,no IIT will arise at the time of contribution; For contributions made by employees, the amount no more than 4% of…

  • 2013-12-17
  • 3 minutes Read
What are the Benefits for Foreign Investors to Invest in Shanghai Free Trade Zone?

From Sep., many companies consult about investing in SFTZ, some foreign investors whom have invested companies in Shanghai, are also interested in the benefits of SFTZ. Actually, whether an investor shall invest in SFTZ, the special benefits of SFTZ and its own demand shall be both taken into consideration, which means the investor shall be acknowledged about whether its demand can be satisfied by taking advantage of the policy of SFTZ. Currently, the released special policies related to foreign investment in SFTZ are mainly focusing on the following aspects: 1.Opening up of investment sectors Firstly, for 6 sectors, including the…

  • 2013-12-17
  • 4 minutes Read
Whether “Three Guarantees” shall be applied to Premiums?

Miss. Zhang bought a TV set, the seller gave her a soymilk maker and a fan as premiums. On the same day, Miss. Zhang found there was something wrong with the soymilk maker, she asked the seller to replace. The seller explained that the premium was free, which was not the object of “Three Guarantees” (“TG”), so it could not be replaced. 5 days later, there was something wrong with the TV set, Miss Zhang asked the seller to return. However, the seller refused, he said that replacement should be applied in case both goods and premiums were returned. But…

  • 2013-11-17
  • 2 minutes Read
China attaches importance to the development of E-commerce and the management of transaction security, many new regulations are or will be released

With the development of E-commerce, Chinese government encourages and promotes the development of E-commerce, while also strengths the management of the transaction security of E-commerce. In 2013, the State Council and MOFCOM have released relevant new regulations. Meanwhile, MOFCOM and SAIC have published the draft for soliciting opinions on the management of cyber transaction, and the relevant regulations are likely to be released. In Aug. 2013, the State Council issued Opinions on Boosting Information Consumption to Expand Domestic Demand (Guo Fa [2013] No. 32), which proposed to encourage the development of compound business, such as Internet Protocol Television (IPTV), mobile…

  • 2013-11-17
  • 2 minutes Read
Law on the Protection of Consumer Rights and Interests (Amendment) will come into force on Mar. 15, 2014

The Decision of the Standing Committee of the National People’s Congress on Amending the Law on the Protection of Consumer Rights and Interests (“Decision”) , which had been adopted by the National People’s Congress on Oct. 25. The Amendment will come into force on Mar. 15, 2014. The Decision includes 31 articles. Hereinafter is the brief introduction of those articles. “Right of Revocation” for consumers without giving reasons. Article 25 of Amendment stipulates that consumers shall be entitled to return commodities ordered online, such as on internet, television, telephone, or by mail, except otherwise required by Amendment, within seven days…

  • 2013-11-17
  • 4 minutes Read
How to Mark the Enterprise’s Name on OEM Products?

In the OEM system, how to make the enterprise’s name on OEM products? Shall we make the name of consignor or consignee, or both? This is a confusing problem in practice, even different local industry and commerce departments and quality supervision departments may make totally different decisions on such circumstance. We believe that the marks of products shall have the following functions: (1) to help consumers to claim on products liabilities; (2) to guarantee fair competition and the consumer’s right to know; (3) where the products have been marked with trademark, it can be used to identify products’ source and…

  • 2013-11-17
  • 3 minutes Read
"Right of Revocation" in Online Shopping

Mr. Huang had to purchase sportswear for the company. Because the company’s logo is light yellow color, he ordered 50 sets of yellow sportswear. After received the sportswear, he found that the color was earth yellow, which was totally different from the color shown on the website, and it was definitely not the ideal color. He negotiated with the retailer on revoking the deal, however, the retailer claimed that there was no quality problem and the website had made a statement, which said that due to the light and camera’s function, the actual color might be different from the color…

  • 2013-10-17
  • 3 minutes Read
The Supreme People's Court Issues the Provisions of the Supreme People's Court on Several Issues Concerning the Application of the Enterprise Bankruptcy Law of the People's Republic of China (II)(“Provisions”)

On September 5th, 2013, the Supreme People’s Court (“SPC”) issued Provisions, effective as of September 16th, 2013. The Provisions include 48 articles, specifying the concerns relating to the property of the debtor in such perspectives as the definition for the property of the debtor, the right of rescission, the right of recall, the right of setoff, the release of preservation for the property of the debtor and the termination of implementation, and hearing of the relevant derivative actions of the debtor, etc. Hereinafter 3 aspects for your reference: To clarify the rules on the implementation of debtors’ joint-owned property. In…

  • 2013-10-17
  • 6 minutes Read
“Use” in Trademark Revocation System related to “Cease to be Used”

The main function of trademark is to identify the manufacturer or seller of goods, symbolize the commercial value and quality of goods, and etc., which requires the manufacturer or seller to use it. So “Trademark Law” has regulated those “Cease to be Used” trademarks. “Trademark Law” Article 49 has stipulated that without a reasonable reason, if the user has not used the registered trademark for an uninterrupted period of 3 years, any units or individual shall have the right to apply to the Trademark Officer for relocating this registered trademark. However, what dose “Use” mean for a trademark, how to…

  • 2013-10-17
  • 4 minutes Read
Price Floor in Distribution Agreement May be Deemed as Monopoly

From the beginning of 2013, several Vertical Monopoly (“VM”) cases have caught the attention of the public. After the National Development and Reform Commission (“NDRC”) investigated “Mao-tai” and “Wuliangye” on their fixed resale price at the beginning of this year, NDRC carried on another investigation on milk manufactures about the same issue in the middle of the year. Recently, Shanghai Higher People’s Court (“Shanghai Higher Court”) made a final judgment on the Rainbow v. Johnson & Johnson case, which evokes the attention of enterprises on VM, especially brings worries to those influential big enterprises on the risks of such articles…