The State Council published the long-awaited Implementation Rules of the New Corporate Income Tax Law on 11 December 2007. The Rules will become effective as from 1 January 2008. General concepts The Rules contain clarifications of the concepts of "effective management" and "establishment and site" as used in the new Corporate Income Tax Law (CITL). For the purposes of determining corporate tax residence, effective management means the exercise of the entire and effective management and control of production and business operations, personnel, finance, assets etc of an enterprise. An establishment and site in China refer to an establishment and a...