March 13 cut-off date for new tax law - official

Legislator Cai Qiaoping slashed hope today that the new tax law, ending preferential treatment for foreign companies, would only start at the end of the year. The cut-off date is 13 March, she confirmed, and foreign companies registered in China after that date would no longer be eligible for the preferential treatment. For older companies there is a grandfathering clause.
Cai spoke at the Asia CFO World, organized by Pearson in Shanghai. She is the director of the legislative department of the Budget Affair Commission of the Standing Committee of the National People's Congress. Cai is probably also one of the main authors of the law.
It was good to see she was explaining the law and answering questions of an audience, greatly adding to the process of transparency.