Circular of the Ministry of Finance and the State Administration of Taxation on Adjusting the Expenditure Deduction Standards for Individual Income Taxes on Individual Business Owners as well as Individual Proprietorship Enterprise or Partnership Enterprise Investors

Circular of the Ministry of Finance and the State Administration of Taxation on Adjusting the Expenditure Deduction Standards for Individual Income Taxes on Individual Business Owners as well as Individual Proprietorship Enterprise or Partnership Enterprise Investors
Circular of the Ministry of Finance and the State Administration of Taxation on Adjusting the Expenditure Deduction Standards for Individual Income Taxes on Individual Business Owners as well as Individual Proprietorship Enterprise or Partnership Enterprise Investors

Cai Shui [2006] No. 44

April 10, 2006

The public finance departments (bureaus) and bureaus of local taxation of all provinces, autonomous regions, municipalities directly under the central government, cities specifically designed in the state plan, and the Bureau of Public Finance of Xinjiang Production and Construction Army Corps,

According to the provisions of the current Law of the People's Republic of China on Individual Income Tax, the Regulations for its implementation and other relevant policies, we hereby notice of the relevant issues concerning the expenditure deduction standards for individual income taxes on individual business owners as well as individual proprietorship enterprise or partnership enterprise investors as follows:

I.
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