Circular of State Administration of Taxationon Distributing the Detailed Rules for the Implementation of the Tentative Regulations of the People's Republic of China on Fixed Assets Investment Orientation Regulation Tax
Circular of State Administration of Taxationon Distributing the Detailed Rules for the Implementation of the Tentative Regulations of the People's Republic of China on Fixed Assets Investment Orientation Regulation Tax
Circular of State Administration of Taxationon Distributing the Detailed Rules for the Implementation of the Tentative Regulations of the People's Republic of China on Fixed Assets Investment Orientation Regulation Tax
Guo Shui Fa [1991] No. 113
June 18, 1991
People's governments of all provinces, autonomous regions and municipalities directly under the Central Government and cities specifically designated in State planning,all ministries and commissions of the State Council and institutions directly under the State Council:
Detailed Rules for the Implementation of the Tentative Regulations of the People's Republic of China on Fixed Assets Investment Orientation Regulation Tax are hereby printed and distributed to you for compliance and implementation.
OMITTED
Appendix:Detailed Rules for the Implementation of the Tentative Regulations of the People's Republic of China on Fixed Assets Investment Orientation Regulation Tax
Article 1 These Detailed Rules are formulated in accordance with the stipulations of Article 17 of the Tentative Regulations of the People's Republic of China on Fixed Assets Investment Orientation Regulation Tax (hereinafter referred to as "the Tentative Regulations").
Article 2 "Taxpayers of investment orientation regulation tax" as mentioned in Article 2 of "the Tentative Regulations" refer to governments of various levels, administrative units, military units, state-owned enterprises and institutions, collectively-owned enterprises and institutions, private enterprises, individual commercial and industrial households and other units and individuals.
Various funds include: state budgetary funds, loans, borrowed moneys, donated funds inside or outside China, various self-owned moneys, self -collected moneys and other funds.
Article 3 "Fixed assets investment" as mentioned in Article 2 of "the Tentative Regulations" refers to fixed assets investment of the whole society, including: basic construction investment, betterment investment, commercial house investment and other fixed assets investments.
Article 4 The division of basic construction projects and betterment projects, artistic houses and normal houses shall follow the relevant provisions of regulations of the State.
Article 5 "Unit engineering" as mentioned in Article 3 of "the Tentative Regulations" refers to the engineerings listed in the Taxable Items and Tax Rates Table for Fixed Assets Investment Orientation Regulation Tax.
Article 6 "The investment amount actually completed by the fixed assets investment project" includes: investments in construction installation engineering, investments in equipment, investments in other investments, investments of transferring out, investments to be apportioned, and investments which should be checked and cancelled.
Article 7 The taxes for basic construction projects shall be computed based on the total amount of actually completed investment.
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