Search Results for: business

CHINA | Cross-border Tax Service for Non-residents

China introduces an online tax payment service for non-resident enterprises to optimize tax handling and payments.

Annual tax filing management can now be conducted via the online tax payment service. This means that non-resident enterprises do not need to be physically present in China to handle tax-related issues.

Equally, the online platform optimizes the international business environment for taxation by removing cross-border tax payment barriers. Launched nationwide by China’s State Taxation Administration, overseas enterprises can directly pay tax online via the […]

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CHINA | Protecting Trade Secrets

Protecting trade secrets should be a priority in any jurisdiction. For companies, trade secrets are valuable assets that provide a competitive advantage.

Establishing confidentiality and non-competition agreements with employees are crucial and practical ways to protect trade secrets.

Below, we outline protecting trade secrets under the Chinese jurisdiction.

What is the Legal Definition?

According to Paragraph 4 of Article 9 of the Anti-unfair Competition Law, the definition of the term “Trade Secret” refers to:

technical information;

operational information; or

other business information

Such information is not publicly disclosed, […]

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CHINA | Determining a Concentration of Undertakings

M&A transactions involving a concentration of undertakings can be deemed as a monopoly. The Provision on the Review of Concentrations of Undertakings clarifies several definitions and sets a standarised legal basis.

Effective from 15 April 2023, the State Administration of Market Regulation issued four Provisions supplementing the Anti-Trust Law of the People’s Republic of China (‘Anti-Trust Law’).

Provisions on the Review of Concentrations of Undertakings;

Provisions on the Prohibition of the Abuse of Administrative Power to Exclude or Restrict Competition;

Provisions on […]

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