These RMB Notes Can Not Be Used from May 1

China has issued tremendous new policies in past few months, here are those will take effect from May 1.

1. Passengers Not Allowed to Fly

Image: Google

From May 1st. Passengers who demonstrate any of the following behavior in airports or on the plane itselfwill be forbidden from taking a flight in China for a year.

The regulations cover the following behaviors:

  1. .Passengers who fabricate or spread fake news about safety of civil aviation.

  2. Passengers attempting to use others’ ID or boarding passes.

  3. Passengers who deliberately obstruct or cause a hold up at counters, security check channels and boarding gates.

  4. Passengers who attempt to bring forbidden items onto the aircraft or put them in luggage.

  5. Passengers attempting to enter restricted areas such as the cockpit, runway and landing field.

  6. Passengers who deliberately interrupt or interfere with the work of cabin crew, security check staff and airport staff in general.

  7. Passengers who fight in the aircraft or cause damage to equipment on board.

  8. Passengers who smoke anywhere on the aircraft.

  9. Passengers who steal or attempt to steal others’ items in flight.

2. Adjustment of Guangzhou Foreign Experts Bureau

Guangzhou Bureau of Foreign Experts Affairs issued the latest adjustment related to China work permit formalities, which will start from May 1.

  • The original center for dealing with China Work Permit formalities in Liwang, Baiyun, Zengcheng and Conghua, will be replaced by Guangzhou International Student Service Center.

  • The original center for dealing with China Work Permit formalities in Huangpu will be replaced by Human Resources and Social Security Bureau of Huangpu district.

3. New Railway Rules

Starting from May 1, railway passengers who break certain rules will be restricted from buying train tickets for a certain period of time.

  • Smoking in non-smoking trains and riding trains without a ticket, such passengers will also be named and shamed on the Internet, those who smoke on non-smoking trains, or parts of the trains where smoking is banned.

  • Others targeted include those who produce and sell fake tickets, leading to a 180-day ban from buying tickets.

  • People involved in tax and financial crimes will be banned from taking G trains, first class of D trains, and the soft sleepers of all trains within one year of the restrictions taking effect. Their names will be removed from the blacklist once they have paid their legal duties.

4. China Cracks Down on Dual Residency With New Rules

Shanghai has become the first city in mainland China to crack down on residents who hold permanent residency, or a “Green Card,” in another country. From May 1, the city will revoke the household registration, or “hukou,” of anyone known to hold permanent residency overseas.

A hukou is essential for access to fundamental social services, including education and healthcare, and is usually linked to a person’s place of birth.
A notice posted to the Shanghai city police department’s official website called on any residents “settling abroad or acquiring other nationalities,” must report to police, who will revoke their hukou.

A notice posted to the Shanghai city police department’s official website called on any residents “settling abroad or acquiring other nationalities,” must report to police, who will revoke their hukou.

5. China’s New VAT Rates

1

From May 1, taxpayers originally subject to VAT rates of 17% and 11% will now be subject to rates of 16% and 10%, respectively. Taxpayers subject to the six percent VAT rate will see their obligations unchanged.

China’ New VAT Rates

Also from May 1, export VAT rates and export rebate rates originally subject to 17% and 16% will be adjusted to 16%and 10%, respectively.

2

Along with the VAT rate reductions, China will expand the criteria for businesses to qualify as small-scale VAT taxpayers, also from May 1. Small-scale VAT taxpayers benefit from lower VAT obligations, but are generally unable to issue special VAT fapiao.

China’s New Small-scale Taxpayer Criteria

6. This Version of Renminbi Cannot Be Used Anymore

The People’s Bank of China announced to stop the old version of Renminbi: 100 yuan, 50 yuan, 10 yuan, 5 yuan, 2 yuan, 2 jiao and 1 jiao coin.

These currencies will not be effective since May 1, 2018. 👇👇👇

Source: GDToday, Expatlife

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