An urgent notice on the extension of 2014 Appraisal Exam of CPV(Certified Public Valuer)

　　According to the spirit of the 50th Meeting of People's Congress Standing Committee, there will be reforms to Appraisal Exam of CPV, which shall be extended from the scheduled September 6th to 7th in 2014. Related information extracted from

　　the meeting is:" To further improve the efficiency of the allocation of human resource, and maintain the quality of qualification, some professional licensing and accreditation shall be reduced. Some accesses to professional and technical vocational

　　qualifications will be removed. From now on, licensing and accreditation shall be invalid without legal basis or set up by local governments and departments. Evaluation system of vocational qualifications only by trade associations, societies or other

　　social organizations shall be gradually established.

　　Frequent exposure to "fake high and new technology enterprises"

　　In 2009, Auditing Department spot checked 116 enterprises with taxation preferences for their high and new technology profession, of which 85 are unqualified, accounting for as much as 73% of the total.

　　Tax system reform: a single account for each individual shall be promoted

　　Reform on individual income tax would be a single account for each individual, that is, an account for individual income tax, which will lead to a gradual reduction on cash settlements in the future. But many experts believe that the reform of personal

　　income tax will be the last.

　　Personal CICPA memberships exceed 200,000

　　Among all the personal CICPA memberships, 98927 of them practice in accounting firms, and 499 of them are overseas non-practicing members.

　　"Registration system" will be the first system applied to the new third board

　　Companies will be put into the review process with no management and control once accepted; review materials are disclosed information about companies, and will not include corporate profitability--"Registration system" has been applied to the

　　new third board.