Circular of the State Administration of Taxation on Issues concerning Income Tax Treatment for Foreign Insurance Premiums of Employees of Foreign-Invested Enterprises and Foreign Enterprises

Circular of the State Administration of Taxation on Issues concerning Income Tax Treatment for Foreign Insurance Premiums of Employees of Foreign-Invested Enterprises and Foreign Enterprises


Circular of the State Administration of Taxation on Issues concerning Income Tax Treatment for Foreign Insurance Premiums of Employees of Foreign-Invested Enterprises and Foreign Enterprises

Guo Shui Fa [1998] No. 101

June 26, 1998

The national taxation bureaus and local taxation bureaus of provinces, autonomous regions, municipalities directly under the central government and cities specifically designated in the state plan,

It is reported that some foreign-invested enterprises and foreign enterprises that set up institutions and establishments within the territory of China (hereinafter referred to as "enterprises") directly or indirectly make such foreign insurance premium payments as unemployment insurance premiums, pension (old age) funds, savings funds, personal injury insurance premiums and medical insurance premiums to foreign insurance institutions (including social insurance institutions and commercial insurance institutions) for employees working within the territory of China (including employees with or without domicile within the territory of China) in accordance with the requirements of the social insurance system of the country (region) concerned.
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