iChina Law - China Legal News
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China Legal News
PRC Renewable Energy Law (Amendment of 2009)
The amendment of the PRC Renewable Energy Law (the “Amendment”) has been adopted on December 26th, 2009, and shall come into effect as of April 1st, 2010.

Compared to the PRC Renewable Energy Law of 2006, the Amendment has included some new provisions to promote the utilization of electricity generated from renewable sources.

A New Corporate Structure in China Partnerships: A New Form of Investment for Foreign Enterprises and Individuals
Measures for the Administration on the Establishment of Partnership Business by Foreign Enterprises or Individuals in China (the “Measures”) shall come into effect as of March 1, 2010.

Currently, foreign investors start business in China primarily in the form of Equity Joint Ventures, Cooperative Joint Ventures, Wholly Foreign Owned Enterprises ("WFOE") and Representative Offices. However, the Measures create a new structure - foreign invested partnerships (“FIP”) for foreign investors to invest and operate in China.

China Adopts Controversial Extraterritorial & Retroactive Tax and Disclosure Rule Relating to Share Transfers by Non-Resident Enterprises
The PRC State Administration of Taxation issued the Notice on “Strengthening the Management of Enterprise Income Tax Collection of Income from Share Transfers by Non-resident Enterprises”, on December 10, 2009 (the "Notice").

The Concept of “Income” for the Purpose of the Notice.