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BEIJING, Jan. 1 (Xinhuanet) -- A series of new laws
and regulations concerning people's daily life and their interests, ranging from
tax reform to business operation, took effect on Sunday, New Year's day. The
following is a brief review of the new rules:
-- Farming tax dropped
China's 2,600-year-old agricultural tax is rescinded
as of Jan.1, 2006, after China's top legislature, the National People's Congress
(NPC) voted on Dec. 29, 2005 to adopt a motion on the regulations revoking the
agricultural tax.
-- Personal income tax eased
The personal income tax cutoff point was raised to
1,600 yuan (about 197 U.S. dollars) a month from 800 yuan (about 98.8 U.S.
dollars) to ease the financial burden on the country's least fortunate,
according to amendments to the income tax law, which took effect Sunday.
-- Civil servants' life made
"harder"
China formally implemented the country's first law
governing civil servants starting from Sunday to improve its civil servant
system by defining officials' rights and responsibilities.
The law stipulates that all public servants should be
recruited through just, open and fair examinations and officials should take the
blame and quit their posts if their mistakes or negligence cause major losses or
serious social repercussions.
Actually, a major ministerial-level official's resign
at the end of 2005 echoed the effect of the new Civil Servant Law after China's
top legislature approved it in April, 2005. Xie Zhenhua, the former head of
China's State Administration of Environmental Protection, handed in a letter of
resignation for dereliction of duty in a water contamination accident in
November in northeast China.
-- Death sentences to be meted out with more
caution
China's Supreme People's Court (SPC) requires local
courts to open court sessions when hearing cases of death sentences in the
second instance as of Jan. 1, 2006 in a bid to make court proceedings on death
penalty appeals open to the public, in that the second instance of cases of
death sentences with major controversy can be heard in public and from July 1,
2006, all death sentence cases in the second instance can be heard in open
court.
It is another important step taken by the SPC to
reform its trial of death sentence cases, after the SPC announced to retrieve
the power of approving death penalty from provincial higher people's courts in
October, 2005.
-- One-person company allowed
Taking effect from Sunday, the newly-amended
corporation law allows the establishment of one-person companies and reduces the
minimum registered capital required to set up a company, strengthens rules on
corporate governance, improve shareholder protection, especially for
small-and-mid-sized shareholders and better guard against fund misuse.
-- Small investors to be better protected in
stock market
Taking effect on Sunday, the newly-amended Securities
Law has more room for the future development of the country's stock market, and
includes articles on setting up a state fund for the protection of investors,
especially the small-and-mid-sized investors.
-- Traffic police under watch
Also going into force on Sunday is several stricter
regulations to rein in traffic-law enforcement.
The new rules said police officers must be polite and
wear badges and possess IDs while working on their post. Police officers from
the traffic administration are forbidden to detain vehicles, driving licenses or
car plates illegally. Those who refuse to give a receipt, make false reports on
the amount of fines, or take bribes will be punished in accordance with their
behaviors.
-- No false papers allowed
As of Sunday, one who applies for setting up a
company in China has to be liable to the credibility of the documents submitted,
according to a regulation on management of company registration previously
revised by the State Council, or the Chinese cabinet.
-- Car purchase tax collection
standardized
Starting from Sunday, private car owners have to
offer such certificates as the owners' identification and the price tickets of
the cars when paying for the car purchase tax in an effort to standardize the
collection of the car purchase tax in China.
-- Renewable energy encouraged
China officially implements the Renewable Energy Law
Sunday to ease its energy strain, with an article stipulating that surveys of
renewable energy resources should be made public except for those needed to keep
confidential by the state's decision.
According to the law, renewable energy includes
hydroelectricity, wind power, solar energy, geothermal energy and marine energy,
all of which should be taken consideration in the state and local development
plans. Enditem |