Legal News

“Notice on Individual Income Tax Policies for Work-Related Injury Insurance Benefits Obtained by Employees Injured while Working”(No. 40 [2012] of the Ministry of Finance) has stipulated that work-related injury insurance benefits obtained by employees and their close relatives in accordance with the Regulation on Work-Related Injury Insurance (Order No. 586 of the State Council) shall be exempt from individual income tax. This regulation shall be effective on 1 January, 2011. If the employees injured while working and their close relatives have paid the tax, they can apply to the competent tax authorities, and the authorities shall return the tax accordingly.

The amended “AR” comes into force on 1st Sep. 2012. Compared with the original “AR” came into force on 1st Sep. 2002, the biggest highlights of the revised “AR” is that the scope of the administrativeacts which can be applied for administrative reconsideration is amended from 19 specific administrativeacts and 1 miscellaneous provision to 4 categories of administrativeacts and 1 miscellaneousprovision, which are as follows: (1)refuse to accept the specific administrativeacts conducted by the State Intellectual Property Office(SIPO) concerning the application of patent, patent right; (2)refuse to accept the specific administrative acts conducted by SIPO concerning the application of Layout-Designsfor…