A new General Law on Sustainable Forestry Development was enacted, entering into force on June 6, 2018.
The most relevant updates of The Americas from the global International Arbitration and ADR practice group at Garrigues.
On May 14, 2018, the Chilean President Sebastián Piñera and the Minister of the Economy José Ramón Valente announced: (i) that a bill would be sent to the Chilean legislature to promote the government’s “Pro-Investment Agenda” (the “Bill”); and (ii) that the government will create a Chilean Sustainability Project Management Office (“OGPS”).
Music will have to be turned off between midnight and 9:00 a.m. on the decks of yachts and other vessels and on board cruise ships sailing or docked at the ports of the Balearic Islands.
This issue of Tax China Newsletter mainly includes: (1) Certain types of distributed profits re-invested in resident enterprise by overseas investors will enjoy beneficial tax deferral policy (Announcement of the State Administration of Taxation (“SAT”)  No. 3 and Cai Shui  No. 88); (2) The definition of the beneficial owner in tax treaties has been further clarified under Announcement of the SAT  No. 9; (3) Announcement of the SAT  No. 11 has further clarified a number of issues in the implementation of double taxation treaties; (4) The SAT issued the Announcement of the SAT  No.46 regarding the country by country report; and (5) Implementation Regulations of Environmental Protection Tax Law is in effect since January 1, 2018.