China

Aktuelle eAlerts

•  

  16/01/2025

  International

  CMS Expert Guide on Beauty

  With a highly circumspect online and IRL consumer, the beauty industry is facing increasing scrutiny on everything from ingredients to their supply chain. For those offering treatment services in particular, which has until now been the wild west of wellness, there’s a shift in consumer demand for transparency and accountability – namely a desire for better regulation and insurance. This follows well documented horror stories in national press worldwide of those travelling to secure these services at bargain prices with catastrophic results.This Expert Guide on Beauty considers...

  Mehr
•  

  16/01/2025

  APAC Region

  Understanding Vietnam's Data Law: Key Objectives and Business Implications

  Vietnam's new Law on Data (“Data Law”), passed on 30 November 2024, will take effect on 1 July 2025. The law regulates both personal and non-personal data, similar to the Chinese Data Security Law (“Chinese Data Law”). Vietnam’s Law represents a significant milestone in regulating Vietnam's digital environment.Comparison with Vietnam’s Personal Data Protection LawThe Data Law regulates digital data, data products, and services, applying to both domestic and foreign entities in Vietnam, as well as offshore entities engaged in Vietnam's digital data activities....

  Mehr
•  

  15/01/2025

  China

  2025 – Topics that may Concern You

  Companies doing business in China constantly have to deal with changes in regulations and new laws. This will also continue in 2025.Topics such as the new PRC Company Law, new PRC Tariff Law, PRC Regulations on Export Control of Dual-Use Items, network data security management, data transfer, opening up capital markets to foreign investment, and raise of statutory retirement age of employees etc. will continue to be a concern for many companies in China in 2025.Complying with regulatory requirements is one of the key challenges for foreign companies and investors in China, not only in terms of...

  Mehr
•  

  06/01/2025

  China

  Key Insights on the New PRC VAT Law: Changes and Implications

  BackgroundOn December 25th, 2024, the Standing Committee of the 14th National People’s Congress of China voted to enact the Value-Added Tax Law of the People’s Republic of China (“VAT Law”), which will take effect on January 1st, 2026. With this landmark development, 14 of China’s 18 types of tax now rest on codified laws. By largely retaining existing VAT policies, the VAT Law achieves a delicate balance between maintaining continuity and paving the way for a refined and robust tax framework.In this newsletter, we will focus on the VAT Law’s notable reforms,...

  Mehr
•  

  03/01/2025

  China

  Criminal Liability of Money Laundering in China - Top 10 FAQ

  The following shows a selection of frequently answered questions in conjunction with the prohibition of money laundering in the PRC Criminal Law.Q1:    What is the key legal source for the prohibition of money laundering in the PRC Criminal Law?A1:    The key legal source is Article 191 of the PRC Criminal Law, which provides criminal liabilities for entities and individuals who have committed money laundering within the scope of this regulation. Further guidance is primarily stated in the Interpretation of the Supreme People's Court and the Supreme People's Procuratorate on...

  Mehr
•  

  02/01/2025

  China

  Chinese Tax Regulation Update - December 2024

  The latest development in China Tax Regulation mainly includes:Measures for tax assessment of smuggled goodsNationwide roll-out of the Individual Income Tax (“IIT”) policy of individual pension contributionsEffectiveness of the double taxation treaties (“DTTs”) between China and Argentina and GabonEffectiveness of the protocol of amendment to the Sino-Austria DTT and its protocolApplication of Multilateral Instruments to more DTTsPlease click here to read the full article.

  Mehr