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1、中国海外投资政策与法规速递安永中国海外投资业务部安永中国海外投资业务部2022年9月Click for EnglishChina outbound policy and regulation trackerPage 2本材料是为提供一般信息的用途编制,并非旨在成为可依赖的会计、税务、法律或其他专业意见。请向您的顾问获取具体意见。安永机构或其任何成员机构将不会为在本文件里加入的链接(以超链接或其他方式加入)或提到的任何第三方网站的内容、准确性或安全性承担任何责任。Page 2免责声明区域地缘局势不确定的环境下,各个国家调整对能源安全和经济稳定的行动,经济发展的政策优次和期望也受到影响。多边发展、
2、数字化和绿色经济的长期趋势会继续,相关的监管举措也会出现。投资和贸易方面的进一步政策和措施,会为市场合作和竞争带来不同影响。本文件旨在搜集全球投资政策和合规的变动,并提供安永的见解,为中企“走出去”保驾护航。第3页中国海外投资政策与法规速递本期摘要中国人民银行发布跨境人民币结算的通知,支持外贸新业态发展澳大利亚发布外国投资审查的最新指引“综合鉴证计划”可能反映未来全球税务合规趋势泰国个人数据保护法自6月起生效坦桑尼亚将放开5G领域投资本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读爱尔兰批准发布非欧盟投资审查新法例罗马尼亚修订外商直接投资审查法尼泊尔降低外国直接投资
3、门槛60%欧盟欧盟委员会发布平衡债权和股权融资偏好的指令提案欧盟委员会提出一揽子立法计划(包括环境税措施),应对气候变化就外国补贴条例达成政治协议Click for English第4页中国海外投资政策与法规速递中国:人民银行发布跨境人民币结算的通知,支持外贸新业态发展2022年6月,人民银行印发关于支持外贸新业态跨境人民币结算的通知(通知),推动进一步发挥跨境人民币结算业务服务实体经济、促进贸易投资便利化的作用,支持外贸新业态发展。通知的关注要点包括:1.通知所称“市场交易主体”是指跨境电子商务、市场采购贸易、海外仓和外贸综合服务企业等外贸新业态经营者、购买商品或服务的消费者。2.在“了解你
4、的客户”、“了解你的业务”和“尽职审查”开业三原则的基础上,境内银行可与境内银行可与依法取得互联网支付业务许可的非银行支付机构、具有合法资质的清算机构合作,为市场依法取得互联网支付业务许可的非银行支付机构、具有合法资质的清算机构合作,为市场交易主体及个人提供经常项下跨境人民币结算服务,即是将支付机构跨境业务办理范围由交易主体及个人提供经常项下跨境人民币结算服务,即是将支付机构跨境业务办理范围由货物贸易、服务贸易拓宽至经常项下。货物贸易、服务贸易拓宽至经常项下。3.境内银行在为支付机构办理跨境人民币结算业务时,应按通知规定评估支付机构展业能力,与支付机构签署跨境人民币结算业务协议,明确双方权利和
5、义务,并向中国人民银行备案。4.开展跨境人民币结算的业务应具有真实、合法的交易基础,且符合中国法律法规,以及应依法履行反洗钱、反恐怖融资、反逃税义务等相关规定。通知自2022年7月21日起施行。资料来源:中国政府网、中国人民银行、人民网、商务部、国际货币基金组织(IMF)安永安永观察观察为人民币国际化发展提供政策支持:为人民币国际化发展提供政策支持:近几年人民币在跨境支付中的角色越来越重要,与人民币在国际货币体系中地位的提升有关。据统计,人民币在全球外汇储备中的占比在2022年第一季达到2.88%,位居全球第五,是IMF自2016年开始公布人民币储备资产以来的最高水平。目前世界经济存在较高的不
6、确定性,但随着今年年初区域全面经济伙伴关系协定(RCEP)正式生效,亚太区贸易相对被看高一线,此次通知出台将有利于区域内更多市场主体倾向在跨境贸易投资中选择使用人民币。更多内容本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第5页中国海外投资政策与法规速递自2022年6月1日起,泰国首部个人数据保护法(PDPA)生效。数据控制者和处理者有义务在收集、使用或披露数据控制者和处理者有义务在收集、使用或披露个人数据之前或之时通知并请求数据主体的同意个人数据之前或之时通知并请求数据主体的同意,除非法律豁免适用。该规则适用于在泰国和国外处理泰
7、国个人数据的组织。泰国:个人数据保护法自6月起生效安永安永观察观察“个人数据”是指与自然人有关的任何信息,这些信息可以直接或间接地识别或具有识别性。PDPA适用于泰国的数据控制者和数据处理者收集、使用和/或披露个人数据,无论此类活动是否在泰国发生。此外,PDPA对泰国境外的数据控制者和数据处理者具有域外适用性,如果收集、使用或披露泰国数据主体的个人数据是(1)提供商品或服务,无论数据主体是否付款,以及(2)监控数据主体在泰国发生的行为。总体而言,中企在泰国投资或经商时,应注意相关法律,加强合规。该法律与几个自由贸易协定中概述的个人数据保护要求相呼应,也有助于为泰国建立一个安全可靠的数字商务环境
8、。本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第6页中国海外投资政策与法规速递尼泊尔:降低外国直接投资门槛60%2022年5月,尼泊尔政府在2022至2023财年(由2022年7月中旬开始)的预算案中表示,外国直接投资外国直接投资(FDI)的最低门槛将从目前的的最低门槛将从目前的5,000万尼万尼泊尔卢比(约合泊尔卢比(约合401,900美元)降至美元)降至2,000万尼泊尔卢比(约合万尼泊尔卢比(约合160,760美元)美元),以吸引更多外国直接投资。2019年5月,由于外资集中在尼泊尔较小型企业,政府曾将外国直接投资门槛从5
9、00万尼泊尔卢比(约合40,190美元)提高10倍。资料来源:新华社、联合国贸易和发展会议本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第7页中国海外投资政策与法规速递澳大利亚:发布外国投资审查的最新指引2022年4月,澳大利亚财政部发布了关于外国投资审查指引的更新版,确保投资者可以取得符合最新法规的指导材料。更新信息的投资领域包括农业、商业用地、采矿、住宅用地、商业投资等。该指引反映了2022年4月1日生效的2022年外资收购和兼并修订条例和2022年安全条例修订(关键基础设施保护)法案中提出的修订,并且回应了2021年外商投资
10、改革评估和2022年外商投资咨询过程中发现的其他问题。2022年外国收购和兼并修订条例厘清了主要法规的一些方面,又简化了不太敏感的投资类型的处理程序。该修订减轻了外国投资者在部分领域的监管负担减轻了外国投资者在部分领域的监管负担,包括:放贷、非上市土地实体的投资以及在澳大利亚媒体类业务;放贷、非上市土地实体的投资以及在澳大利亚媒体类业务;根据配股和其他按比例要约收购股份或单位;根据配股和其他按比例要约收购股份或单位;作为托管服务的一部分代表机构投资者进行交易。作为托管服务的一部分代表机构投资者进行交易。通过修订通知规则,包括提高门槛和提供更广泛的外国投资筛选豁免,减少了以上外国投资的监管负担。
11、此外,2022年安全条例修订(关键基础设施保护)法案进一步明确了关键基础设施业务行业的定义。该法案已被澳大利亚国会通过,将刊载于联邦立法登记册上。资料来源:澳大利亚外国投资审查委员会、联合国贸易和发展会议本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第8页中国海外投资政策与法规速递澳大利亚:“综合鉴证计划”可能反映未来全球税务合规趋势澳大利亚税务局(Australian Taxation Office,ATO)于2022年初发布了关于税务风险管理和审查指引的进一步指导说明,帮助纳税企业准备“综合鉴证审查”。在审查的首个周期中,AT
12、O旨在六个月内审查三至四年的所得税申报表和一年的商品及服务税申报表。ATO目标为每年进行约300个综合鉴证审查。由此,税务机关正在重塑与大型纳税企业的关系从“申报然后审查”从“申报然后审查”模式转变为“合理信任”模式模式转变为“合理信任”模式。澳大利亚的“综合鉴证计划”可能代表了新型的合规鉴证做法。税务机关正在采用新的“合规鉴证”计划来测试税务角色、政策、程序和实践的做法和效用,并且利用其结果将纳税企业细分为不同的风险层级。资料来源:澳大利亚税务局、安永全球税务简报(EY Global Tax News Update)安永安永观察观察税务机关可能会构建更符合未来发展的税收监控体系,以保持社区对
13、纳税人支付了适当金额税款的信心。企业治理的方式可能受到更多审查,企业需要谨慎准备,否则具有面临更多询问、合规干预和争议的风险。参考2022年5月发布的安永全球税务简报,随着“端到端”合规流程的广泛数字化,在较成熟的经济体中,税务机关正在实施评估合规的新方法。这些“合规鉴证”的新方法,旨在测试纳税企业的税务治理、规划和整体合规水平的几个要素,并且在包含多个纳税年度的广泛审查的背景下进行。其他类似的合规鉴证方法包括德国“税务合规管理系统”(TCMS)计划,新加坡的“税务治理框架”(TGF)、“企业所得税税务风险管理和控制框架”(CTRM)和“商品及服务税辅助合规鉴证计划”(ACAP),以及英国“商
14、业风险评估”(BRR+)等。企业税务部门需要了解新的合规鉴证方法,努力加强长期合规和规划策略。为了满足全球日益提升的税务治理期望,“走出去”中企宜提前准备。本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第9页中国海外投资政策与法规速递爱尔兰:批准发布非欧盟投资审查新法律2022年6月,爱尔兰政府宣布一项新的法律将引入投资审查机制,允许企允许企业、贸易和就业部长评估投资是否对爱尔兰的安全或公共秩序构成威胁,业、贸易和就业部长评估投资是否对爱尔兰的安全或公共秩序构成威胁,并赋予其在认为必要时暂停此类投资的权力并赋予其在认为必要时暂停此
15、类投资的权力。该新法律旨在保护爱尔兰的关键技术和基础设施,还将促进与其他欧洲国家进行更好的信息共享和合作。有关各方根据所有权和交易价值标准,将审查第三国对法律中确定为“敏感”或“关键”基础设施的技术的投资,例如医疗服务、电网、港口和机场医疗服务、电网、港口和机场。目前的交易价值阈值设定为交易价值阈值设定为200万欧元万欧元,但这将由部长审查,并可在需要时进行修订。该新法律规定了在对特定外国投资进行审查时将考虑的因素,如:由于目标被收购而造成的威胁、所采用的控制手段以及与收购方相关的风险。资料来源:爱尔兰企业、贸易和就业部本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅
16、读Click for English第10页中国海外投资政策与法规速递罗马尼亚:修订外商直接投资审查法2022年4月,罗马尼亚通过了第46/2022号政府紧急法令,以实施欧盟第2019/452号外国直接投资审查条例,并修订了罗马尼亚的外国直接投资审查框架。在指定经济领域,超过超过200万欧元门槛的外国直接投资项万欧元门槛的外国直接投资项目需得到相关公共机构(目需得到相关公共机构(CEISD)批准)批准。该法令适用于来自非欧盟国家的投资者的项目,或由非欧盟人士或实体直接或间接控制的欧盟投资者。对于根据其性质或潜在影响可能对国家安全或公共秩序产生影响或对其构成根据其性质或潜在影响可能对国家安全或公
17、共秩序产生影响或对其构成风险的外国直接投资项目,甚至可能在不满足风险的外国直接投资项目,甚至可能在不满足200万欧元阈值的情况下受万欧元阈值的情况下受到审查。到审查。外国直接投资审查的领域包括能源安全、运输安全、具有重要资源的供应能源安全、运输安全、具有重要资源的供应系统安全、关键基础设施安全、信息和通信系统安全、金融活动安全、工系统安全、关键基础设施安全、信息和通信系统安全、金融活动安全、工业安全业安全;保护国有企业私有化或相关管理等的运营。资料来源:联合国贸易和发展会议本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第11页中国
18、海外投资政策与法规速递欧盟:欧盟委员会发布平衡债权和股权融资偏好的指令提案2022年5月,欧盟委员会(欧委会)发布了一项关于平衡债权和股权融资偏好的扣除额(DEBRA)计划的立法提案,提出了应对涉税债资处理不对称问题的规则,旨在鼓励企业进行股权融资,而非单纯选择债务融资鼓励企业进行股权融资,而非单纯选择债务融资。DEBRA适用于需在一个或多个欧盟成员国缴纳企业所得税的所有纳税人(金融企业除外),其中包括两项独立适用的单独措施:(1)权益变动金额按概念利率享受扣除额,概念利率将参考无风险投资的市场利率和可能的风险溢价;(2)将利息扣除限制在净借贷成本(即支付的利息减去收到的利息)的85%。DEB
19、RA规定,成员国应每年向欧委会提供具体数据,以便监督新规则的执行情况和效果。DEBRA还纳入反滥用措施,以防止为避税而发生权益水平变化。欧委会目前提出,成员国应在2023年12月31日之前将指令转化为本国法律,相关规则应自2024年1月1日起生效。DEBRA现于成员国协商阶段。欧盟要通过税收立法需得到27个成员国一致同意。安永安永观察观察倘若拟议DEBRA指令获得通过,将标志着在以协调一致的方式解决整个市场上因税收引发的债权和股权融资偏好问题方面迈出了重要的一步。目前,有六个成员国从税收角度处理债权和股权融资偏好问题,各国的相关措施差别显著。DEBRA的股权融资的概念利息扣除额将为企业带来利益
20、,同时议案提出大幅限制利息扣除,可能会产生相关的负面影响。各成员国是否会采纳欧委会的倡议尚属未知,建议中企和投资者关注DEBRA修订和澄清的进程。即使27个成员国未能一致通过拟议规则,各成员国也可能选择单边引入DEBRA规则。DEBRA适用范围内的中企和其海外企业活动,应根据提案内容对公司架构进行初步分析。更多内容资料来源:安永全球税务简报本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第12页中国海外投资政策与法规速递欧盟:欧盟委员会提出一揽子立法计划(包括环境税措施),应对气候变化2021年7月14日,欧盟委员会提出“减碳55”
21、一揽子立法计划。“减碳55”是一项对欧盟立法进行全面改革的综合性举措,旨在与欧洲绿色协议中所述的更高的应对气候变化的雄心保持一致步调。该一揽子计划包括以下计划,具有全面、复杂的特点,预计会影响到各行各业。将碳排放交易扩展至新行业,同时收紧现有欧盟碳排放交易系统增加可再生能源的使用提高能源效率尽快推出低碳运输方式以及与之相配套的基础设施和燃料调整税收政策,使其与欧洲绿色协议的目标相符采取防止碳泄漏的措施提供保护和增加天然碳汇的途径“减碳55”包含13项立法提案,由对现行法律的修订和新立法组成。所有提案之间密切关联,互为补充。安永安永观察观察由于经济影响波及所有行业和消费者,预计“减碳55”将会使
22、得27个欧盟成员国与欧洲议会之间进行为期数月的磋商。关于一揽子计划立法提案的细则,仍有待后续通讯提供更多细节。与此同时,企业可以开始细化和分析这些变化对其业务及其可持续发展转型战略的影响。资料来源:安永全球税务简报本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第13页中国海外投资政策与法规速递欧盟:就外国补贴条例达成政治协议2022年6月30日,欧洲议会和欧洲理事会就关于扭曲欧盟内部市场的外国补贴条例达成临时政治协议。该法规旨在纠正由第三国(纠正由第三国(即:即:非欧盟国家非欧盟国家)提供的外国补贴,在欧盟内部市场造成的扭曲)提供
23、的外国补贴,在欧盟内部市场造成的扭曲。根据该规定,欧盟委员会(欧委会)将有权通过三种工具三种工具,调查非欧盟国家的公共当局向在欧盟从事经济活动的企业提供的财政补贴。工具工具1:一个基于通知的调查工具,适用于集中:一个基于通知的调查工具,适用于集中,涉及的被收购公司、合并方之一或合资企业产生至少5亿欧元的欧盟营业额,且交易涉及至少5,000万欧元的外国财务补贴的集中。工具工具2:一个基于通知的调查工具,适用于公共采购程序:一个基于通知的调查工具,适用于公共采购程序,其中估计合同价值至少为2.5亿欧元,投标涉及第三国至少400万欧元的外国财政补贴。在欧委会批准之前,此类集中将不能完成,或此类公共采
24、购程序不能被授予合同。欧委会可以对违反此规定的公司处以罚款,罚款可能高达其总营业额的10%。工具工具3:一个一般市场调查工具:一个一般市场调查工具,用于调查所有其他市场情况以及低价值合并和公共采购程序。如果第三国提供的财政补贴,使在欧盟市场内的个别经济活动受益,而且法律上或事实上仅限于个别企业或行业或若干企业或行业,则外国补贴被视为存在。Click for English资料来源:欧盟委员会、欧洲理事会第14页本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读中国海外投资政策与法规速递欧盟:就外国补贴条例达成政治协议(续)图表:图表:关于外国补贴规定的政治协议关于外国
25、补贴规定的政治协议资料来源:欧盟委员会、欧洲理事会下一步:下一步:该规定经过欧洲理事会和欧洲议会正式,并通过并在官方公报上公布后将会生效。该规定预期将在生效六个月六个月后直接适用于整个欧盟。企业的通知责任将在生效九个月九个月后开始适用。有意在欧盟市场经营或正在经营的中资企业,都应关注该法规的进展情况,并提前准备。程序具体的事前通知 集中(5亿欧元)公共采购(2.5亿欧元)一般调查工具(依据职权调查;适用于任何市场情况)对扭曲的评估扭曲性补贴的类别对扭曲的指标衡量测试衡量外国补贴的负面和正面影响纠正扭曲纠正措施或承诺禁止(在交易中的)集中或授予公共采购外国补贴无息贷款无限担保注资税收优惠税收抵免
26、赠款等Click for English第15页本期摘要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读如欲了解更多有关欧盟地区外国直接投资政策的信息,请联系:Lindsey Clare律师,EY Law BV+32(0)476 576 安特卫普,比利时由Lindsey Clare带领的专业团队可以协助客户了解并应对有关欧盟地区的复杂海外投资审查法规。团队在为大型项目提供咨询服务、鉴别不同司法管辖区的外国直接投资审查规则的适用性、评估实质性问题,以及在程序上提供咨询服务等方面,拥有专业经验。安永成员机构不从事当地法律禁止的法律业务。如欲进一步了解安永,请浏览。中国海外投资政
27、策与法规速递坦桑尼亚:将放开5G领域投资2022年5月,坦桑尼亚政府宣布将容许运营商投资容许运营商投资5G网络技术网络技术,发展数字经济。信息和通信技术以及人工智能、物联网和区块链等新兴技术的使用对于建设可持续发展的城市而言十分重要,而掌握新兴技术必须拥有强大的基础设施,5G技术的运用将为坦桑尼亚数字经济转型奠定基础。5G领域投资申请流程将于近期公布,准备参与5G网络试运营的投资者可以提交申请。政府还将通过坦桑尼亚通信管理局(TCRA)向准备进行5G试验的服务提供商提供频谱,以协助它们进行5G技术的试验。政府希望能在2025年实现5G信号覆盖率达到80%以上的目标。资料来源:走出去服务港本期摘
28、要本期摘要亚洲亚洲大洋洲大洋洲欧洲欧洲非洲非洲安永推荐阅读安永推荐阅读Click for English第16页China outbound policy and regulation trackerChina Overseas Investment NetworkSep 2022点击浏览中文内容点击浏览中文内容中国海外投资政策与法规更新速递Page 22This material has been prepared for general informational purposes only and is not intended to be relied upon as accounti
29、ng,tax,legal or other professional advice.Please refer to your advisors for specific advice.Neither the EY organization nor any of its member firm thereof shall bear any responsibility whatsoever for the content,accuracy,or security of any third-party websites that are either linked(by way of hyperl
30、ink or otherwise)or referred to in this document.Page 22DisclaimerPage 3Policy priority and expectation for economic development is impacted by action of countries for energy security and economic stability amid the uncertain regional geopolitical landscapes.The long-term trends of multilateralism,d
31、igital and green economies continue and relevant regulation may arise.Further policies and measures in investment and trade can bring diverging impacts towards cooperation and competition in the market.This document captures the latest updates of global investment policies and compliance for Chinese
32、 going-abroad enterprises and provides insights of EY to help enterprises navigate the evolving environments.Highlights in this editionPage 4ChinaPBOC issues notice on cross-border RMB settlement to support new foreign tradesThailandThe Personal Data Protection Act comes into effect from JuneNepalRe
33、duces the FDI threshold by 60%TanzaniaInvestment in 5G will be liberalizedHighlightsChina outbound policy and regulation trackerAustraliaUpdated Guidance Notes on foreign investment reviewThe Combined Assurance Program may reflect global tax compliance trendEY recommended readingsAsiaOceaniaEuropeAf
34、rica点击浏览中文内容点击浏览中文内容IrelandApproves to publish a new law for non-EU investment screeningRomaniaAmends the FDI screening lawEUEuropean Commission proposes directive to tackle debt-equity bias in taxationEuropean Commission proposes legislative package including environmental tax measures to support a
35、ddress climate changePolitical agreement reached on the Foreign Subsidies RegulationEY highlightsProviding policy support to internationalization of renminbi(RMB).RMB has become more important in the cross-border payment in recent years and this has enhanced the status of RMB in the international mo
36、netary system.Based on the statistics,the RMB proportion in the global foreign exchange reserves reached 2.88%in 1Q 2022,globally ranking the fifth,the highest level since the IMF began to publish RMB reserve assets in 2016.Though the global economy outlook is uncertain,trade in the Asia-Pacific reg
37、ion is expected to perform better as the Regional Comprehensive Economic Partnership(RCEP)is effective from 2022.This Notice can help more market players in the region choose to use renminbi in cross-border trade and investment.China:PBOC issues notice on cross-border RMB settlement to support new f
38、oreign tradesIn June 2022,the Notice on Supporting Cross-border RMB Settlement of New Foreign Trades was issued by the Peoples Bank of China(PBOC)aims to further serve the real economy,promote trade and investment facilitation,and support the development of new foreign trades.Areas for attention inc
39、lude:1.A“market transaction entity”in this notice refers to an operator of new foreign trades such as cross-border e-commerce(CBEC),market procurement trade,overseas warehousing,a foreign trade service enterprise,as well as a consumer who purchases goods or services.2.Upon the three principles of“kn
40、ow your customers(KYC)”,“know your business(KYB)”and“due diligence(DD)”,banks in China may cooperate with non-bank payment institutions and legally qualified clearing institutions that have obtained the Internet payment business licenses,to legally provide cross-border RMB settlement regarding items
41、 under the current account for market transaction entities and individuals.In other words,the cross-border payment business now extends from trade in goods and services to items under the current account.3.To commence the cross-border RMB settlement business,banks shall assess business capability of
42、 payment institutions in accordance with the provisions set out in this notice,sign the relevant business agreements with payment institutions,clarify the rights and obligations of both parties,and file with the PBOC.4.The cross-border RMB settlement shall be carried out for authentic and legal tran
43、sactions,in compliance with Chinas laws and regulations and in line with rules related to anti-money laundering,anti-terrorist financing and anti-tax evasion requirements.The Notice shall come into effect on 21 July 2022.Page 5AsiaSources:Website of China government,PBOC,Peoples Daily,Ministry of Co
44、mmerce of China,International Monetary Fund(IMF)EY recommended readingsHighlightsOceaniaEuropeAfrica点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerEY highlights“Personal data”refers to any information relating to a natural person,which can be identified or identifiable either directly o
45、r indirectly.The PDPA applies to the collection,use and/or disclosure of personal data by a data controller and a data processor in Thailand,irrespective of whether such activity occurs in Thailand or not.Further,the PDPA has extra-territorial applicability to the data controllers and data processor
46、s which are outside Thailand in the event that the collection,use,or disclosure of personal data of Thailand-based data subjects is(1)to offer goods or services regardless whether the payment is made by the data subject,and(2)to monitor the data subjects behaviortaking place in Thailand.Overall,when
47、 investing or doing business in Thailand,Chinese enterprises should pay attention to relevant laws and strengthen compliance.The law also supports the requirements outlined in several free trade agreements on personal data protection and it also helps build a safe,secure environment for digital comm
48、erce in Thailand.Thailand:The Personal Data Protection Act comes into effect from JuneSince 1 June 2022,the first Personal Data Protection Act(PDPA)in Thailand is effective.Data controllers and processors are obliged to inform and request consent from data subject prior to or at the time of collecti
49、on,use or disclosure of the personal data,unless a legal exemption applies.The rule applies to organizations in Thailand and abroad that process personal data in the country.Page 6China outbound policy and regulation trackerAsiaEY recommended readingsHighlightsOceaniaEuropeAfrica点击浏览中文内容点击浏览中文内容In M
50、ay 2022,during the presentation of the annual budget for the 2022-2023 fiscal year that begins in mid-July 2022,the government said the minimum threshold for foreign direct investment(FDI)would be reduced to 20 million Nepali rupees(around US$160,760)from the existing 50 million Nepali rupees(US$401
51、,900),in order to attract more FDI.In May 2019,the government increased the FDI threshold by 10 times from 5 million Nepali rupees(US$40,190)as FDI had concentrated in smaller businesses.Nepal:Reduces the FDI threshold by 60%Page 7Sources:Xinhua,UNCTADAsiaEY recommended readingsHighlightsOceaniaEuro
52、peAfrica点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerIn April 2022,the updated Guidance Notes was released by the Treasury,which ensures the guidance material available to investors is in line with the latest regulations.The updated aspects of information cover agriculture,commercial
53、land,mining,residential land,business investments,etc.The Guidance Notes reflect the amendments set out in the Foreign Acquisitions and Takeovers Amendment Regulations 2022 that was commenced on 1 April 2022 and the Security Legislation Amendment(Critical Infrastructure Protection)Act 2022,and addre
54、sses other issues identified during the 2021 foreign investment reform evaluation and the 2022 foreign investment consultation process.The Foreign Acquisitions and Takeovers Amendment Regulations 2022 clarifies certain aspects of the principal regulations and streamlines the processing of less sensi
55、tive types of investment.The revisions reduce the regulatory burden for foreign investors that engage in:moneylending,invest in unlisted land entities or Australian media businesses;acquire shares or units under rights issues and other pro-rata offers;transact on behalf of institutional investors as
56、 part of a custodian service.Regulatory burden is reduced through amendments that refine the rules for the notification of these kinds of foreign investments,including raising thresholds and providing broader exemptions from foreign investment screening.In addition,the Security Legislation Amendment
57、(Critical Infrastructure Protection)Act 2022 provides further clarity to the definition of critical infrastructure business sectors.It was passed by the Australian Parliament and will be registered on the Federal Register of Legislation.Australia:Updated Guidance Notes on foreign investment reviewPa
58、ge 8OceaniaSources:The Foreign Investment Review Board of Australia,UNCTADEY recommended readingsHighlightsAsiaEuropeAfrica点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerEY highlightsTax administrations are likely to structure the tax control framework in order to maintain community con
59、fidence that taxpayers are paying the right amount of tax.Enterprises need to prepare for more scrutiny of their governance approach,or risk more enquiries,compliance interventions,and controversy.As discussed in May 2022 EY Global Tax News Update,alongside widespread digitalization of end-to-end co
60、mpliance processes,a new approach to assessing compliance is being implemented by tax authorities in usually more mature economies.These programs which can be described broadly under the banner of“compliance assurance”aim to test several elements of a business taxpayers approach to tax governance,ta
61、x planning and overall levels of tax compliance,all in the context of a wide-ranging review of often several tax years.Other similar compliance assurance programs can be found in the Tax Compliance Management System(TCMS)program in Germany,the Tax Governance Framework(TGF),Tax Risk Management and Co
62、ntrol Framework for Corporate Income Tax(CTRM)and Goods and Services Tax(GST)Assisted Compliance Assurance Program(ACAP)in Singapore and the Business Risk Review(BRR+)in the UK,etc.Business tax leaders at the organizations need to be aware of the new assurance programs,and work to enhance the longer
63、-term compliance and planning strategies.To meet growing global expectation for tax governance,China going-abroad enterprises need to prepare early.The Australian Taxation Office(ATO)published further guidance on the Tax Risk Management and Review Guide in early 2022 to help taxpayers prepare the Co
64、mbined Assurance Review(CAR).In the first cycle of the review,the ATO aims to reviews three to four years of income tax returns and one year of Goods and Services Tax(GST)returns in a six-month timeframe.It is understood that the ATO aims to conduct around 300 CARs each year.In view of this,tax admi
65、nistrations are reshaping the relationship with large business taxpayers moving from a“file then audit”model to one of“justified trust”.The Australian program might represent a new breed of compliance assurance approaches as revenue authorities are adopting new”compliance assurance”programs that tes
66、t the presence and effectiveness of tax roles,policies,procedures and practices,and they are using the results to segment taxpayers into different risk categories.Australia:The Combined Assurance Program may reflect global tax compliance trendPage 9Sources:The Australian Taxation Office,EY Global Ta
67、x News UpdateMore infoOceaniaEY recommended readingsHighlightsAsiaEuropeAfrica点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerIreland:Approves to publish a new law for non-EU investment screening In June 2022,the Irish government announced that a new law will introduce an investment scre
68、ening mechanism,allowing the Minister for Enterprise,Trade and Employment to evaluate whether an investment poses a threat to Irelands security or public order and the powers to put a halt to such investment,if deems necessary.It aims to protect Irelands critical technology and infrastructure and wi
69、ll also result in better information sharing and co-operation with other European states.Based on ownership and transaction value criteria,third country investments in technologies identified in law as sensitive or critical infrastructure such as the health services,electricity grid,ports and airpor
70、ts will be screened.The current transaction value threshold is set at 2m but this will be reviewed and can be revised by the Minister if required.The law sets out the factors that will be considered when applying screening to particular foreign investments(i.e.,the threat posed as a result of the ta
71、rget being acquired,the means of control being applied,or the risk associated with the acquiring party).Page 14Source:The Department of Enterprise,Trade and Employment of IrelandEY recommended readingsHighlightsAsiaOceaniaAfricaEurope点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerRomani
72、a:Amends the FDI screening lawIn April 2022,the Government Emergency Ordinance No.46/2022 on measures implementing the EU Regulation 2019/452 was passed,by way of which the foreign direct investment(FDI)screening framework in Romania is amended.Authorization by the relevant public authority(CEISD)is
73、 required for FDI projects valued over the 2m threshold in designated areas of the economy.The rule applies to a project by investors from non-EU countries,or to EU investors that are directly or indirectly controlled by non-EU persons or entities.In case of FDI projects which by their nature or pot
74、ential effects may have an impact on national security or public order or present risks to them,screening can take place even if they do not meet the 2m threshold.Areas subject to FDI screening include energy security,transport security,security of supply systems for vital resources,critical infrast
75、ructure security,security of information systems and communications systems;financial activity security;industrial security;protection of operations for the privatization of state-owned enterprises or related management,etc.Page 15Source:UNCTADEY recommended readingsHighlightsAsiaOceaniaAfricaEurope
76、点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerEY highlightsAdoption of the proposed directive would mark a significant step towards addressing the tax-induced debt-equity bias across the single market in a coordinated way.Currently,only six member states address the debt-equity bias fr
77、om a tax perspective and the relevant national measures differ significantly.While the notional interest allowance on equity would create benefits for business,the proposal is accompanied by a proposal to significantly limit the deductibility of interest,which may have a relevant negative impact.Whi
78、le it is not yet known whether member states will embrace the Commissions initiative,it is recommended that China businesses and investors monitor the adoption process for any changes or clarifications to the proposal.Individual member states may opt to introduce the rules proposed in the draft dire
79、ctive unilaterally,even if the 27 member states fail to adopt the rules unanimously.China businesses and overseas corporate activities that are in scope can undergo an initial analysis on their corporate structures based on the draft directive.EU:European Commission proposes directive to tackle debt
80、-equity bias in taxationPage 10EY recommended readingsHighlightsAsiaOceaniaAfricaEuropeIn May 2022,the European Commission(the Commission)published a legislative proposal on the Debt-equity Bias Reduction Allowance(DEBRA)initiative.The proposal sets forth rules to address the tax-related asymmetry i
81、n treatment of debt and equity,with the aim of encouraging companies to finance investments through equity contributions rather than debt financing.The draft directive applies to all taxpayers that are subject to corporate income tax in one or more EU member states,with the exception of financial un
82、dertakings.It includes two separate measures that apply independently:(i)a notional interest allowance on changes in equity levels.The notional interest rate would reference to a market interest rate for risk-free investments and a possible risk premium;and(ii)a limitation on interest deduction to 8
83、5%of the exceeding borrowing costs(i.e.,interest paid minus interest received).The proposal requires the member states to provide specific data to the Commission on an annual basis in order to allow monitoring of the implementation and effects of the new rules.The proposal also includes anti-abuse p
84、rovisions to prevent tax-driven changes in equity levels.The Commission proposes that the member states shall transpose the directive into their national laws by 31 December 2023 for the rules to come into effect as of 1 January 2024.The draft directive is in the negotiation phase among the member s
85、tates.In the EU,adoption of tax legislation requires unanimity between all 27 member states.Source:EY Global Tax News UpdateMore info点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerEY highlightsDue to economy-wide implications impacting all industries and consumers,“Fit for 55”is expecte
86、d to trigger months of negotiations between the 27 Member States and the European Parliament.A more detailed communication on the legislative proposals included in the package is under development.Businesses are encouraged to closely follow developments related to the adoption of the proposals and f
87、actor the impacts into their current operations and sustainability transformation plans.EU:European Commission proposes legislative package including environmental tax measures to support address climate changePage 11On 14 July 2021,the European Commission presented its“Fit for 55”legislative packag
88、e.“Fit for 55”is a comprehensive step in overhauling European Union legislation to align it with its increased climate ambitions as stated in the European Green Deal.The package is comprehensive and complex in nature and it is expected to virtually impact every industry.The package includes plans to
89、:combine the expansion of emissions trading to new sectors and a tightening of the existing EU Emissions Trading System(ETS)increase use of renewable energygenerate greater energy efficiencypromote a faster roll-out of low emission transport modes and the infrastructure and fuels to support themalig
90、n taxation policies with the objectives of the EGD introduce measures to prevent carbon leakage provide tools to preserve and grow the natural carbon sinks“Fit for 55”contains 13 legislative proposals consisting of revisions to existing laws and new legislation.All the proposals are closely intercon
91、nected and each one complements the design of the other.Source:EY Global Tax News UpdateEY recommended readingsHighlightsAsiaOceaniaAfricaEurope点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerEU:Political agreement reached on the Foreign Subsidies Regulation(FSR)On 30 June 2022,the Europ
92、ean Parliament and the European Council reached a provisional political agreement on the Foreign Subsidies Regulation.The regulation aims to remedy the distortions created by subsidies granted by the third countries(i.e.,non-EU countries)to companies operating in the EUs single market.Under the FSR,
93、the European Commission(the Commission)will be empowered to investigate the financial contributions granted by the public authorities of a non-EU country to undertakings engaging in an economic activity in the EU by means of three tools.Tool 1:A notification-based investigative tool for concentratio
94、ns where the acquired company,one of the merging parties or the joint venture generates an EU turnover of at least 500 million and the transaction involves a foreign financial contribution of at least 50 million.Tool 2:A notification-based investigative tool for tenders in public procurements proced
95、ures,where the estimated contract value is at least 250 million and the bid involves a foreign financial contribution of at least 4 million per third country.Such a concentration cannot be completed and an investigated bidder cannot be awarded the contract until cleared by the Commission.The Commiss
96、ion can impose fines on companies that breach this obligation,which may reach up to 10%of their aggregated turnover.Tool 3:A general market investigation tool to investigate all other market situations and lower-value mergers and public procurement procedures.The regulation sets out that a foreign s
97、ubsidy shall be deemed to exist where a third country provides a financial contribution which confers a benefit to an undertaking engaging in an economic activity in the internal market and which is limited,in law or in fact,to an individual undertaking or industry or to several undertakings or indu
98、stries.Page 12Sources:European Commission,European CouncilEY recommended readingsHighlightsAsiaOceaniaAfricaEurope点击浏览中文内容点击浏览中文内容China outbound policy and regulation trackerEU:Political agreement reached on the Foreign Subsidies Regulation(contd)Next steps:The regulation will enter into force once
99、it is formally adopted by the European Council and the European Parliament and published in the Official Journal.The regulation will become directly applicable across the EU six months after entry into force.The notification obligations will start to apply nine months after entry into force.China go
100、ing-abroad enterprises would like to do or doing business in the EU market should observe the development of the regulation and get prepared suitably.Page 13Sources:European Commission,European CouncilEY recommended readingsHighlightsAsiaOceaniaAfricaEurope点击浏览中文内容点击浏览中文内容Chart:Political agreement o
101、n the FSRForeign subsidiesInterest-free loansUnlimited guaranteesCapital injectionsPreferential tax treatment Tax creditsGrants etc.ProcedureSpecific ex-ante notification-Concentration(500m)-Public procurement (250m)General investigation tool(Ex officio;applicable to any market situation)Assessment
102、of distortionCategories of distortive subsidiesIndicators of a distortionBalancing testBalancing the negative and positive effects of the foreign subsidyRemedy the distortionRedressive measures or commitmentsProhibition of concentration or award of public procurementChina outbound policy and regulat
103、ion trackerFor more information about Foreign Direct Investment(FDI)policy in the EU region,please contact:Lindsey ClareLawyer,EY Law BV+32(0)476 576 Antwerp,BelgiumThe professional team led by Lindsey Clare can assist clients in navigating through the complex FDI screening regulations in the EU.The
104、 team has experience in advising in large projects,determining the applicability of FDI screening rules across different jurisdictions,assessing substantive issues and advising on process.EY member firms do not practice law where prohibited by local laws.Visit to know more.Tanzania:Investment in 5G
105、will be liberalizedIn May 2022,the government announced to allow operators to invest in 5G network technology so as to develop the digital economy.The use of information and communication technologies and emerging technologies such as artificial intelligence,the Internet of Things and blockchain is
106、important to build sustainable cities.Emerging technologies need stronger infrastructure and 5G may lay down the foundation for the digital economy transformation of Tanzania.The 5G investment application process will be announced in the near future and investors ready to participate in the trial op
107、eration of 5G networks may apply.The government will provide spectrum via the Tanzania Communications Regulatory Authority(TCRA)to service providers for conducting 5G trial and test.The government targets to achieve more than 80%5G signal coverage by 2025.Page 16Source:Shanghai-go-global News PortalEY recommended readingsHighlightsAsiaOceaniaAfricaEurope点击浏览中文内容点击浏览中文内容China outbound policy and regulation tracker