The interpretation stipulates that the effect of the new “Insurance Law” is, in principle, non-retroactive. The disputes before the enforcement of the new insurance law will apply the law which was applicable at the time of the dispute except other provisions of the interpretation. However, new disputes that take place after the implementation of the…

In order to facilitate the avoidance of double taxation relating to the implementation of tax provisions, the State Administration of Taxation recently issued the “Notice of the implementation of royalty provisions in tax treaty “(the notice), which will come into effect on October 1st, according to agreements of avoiding the double taxation between China and…