Israel Practice News -- Spring 2007 New Enterprise Income Tax Law Promulgated in China


New Enterprise Income Tax Law Promulgated in China

Earlier this month China enacted a new corporate income tax law that may have significant repercussions on Israeli companies and investors that enter or continue to operate in China. In light of the fast-growing interest and presence of Israeli companies and investors in the Chinese market, and considering Morrison & Foerster’s extensive experience representing Israeli and Chinese companies in cross-border business transactions, joint ventures and investments, we wanted to provide our Israeli clients with the following summary of this new and important development.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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