Circular of the State Administration of Taxation on the Question concerning the Handling of Tax Related to Foreign Currency Business of Enterprises with Foreign Investment

Circular of the State Administration of Taxation on the Question concerning the Handling of Tax Related to Foreign Currency Business of Enterprises with Foreign Investment
Circular of the State Administration of Taxation on the Question concerning the Handling of Tax Related to Foreign Currency Business of Enterprises with Foreign Investment

Guo Shui Fa [1994] No. 107

April 21,1994

The tax bureaus of all provinces, autonomous regions and municipalities directly under the Central Government, the tax bureaus of all cities separately designated in the state plan, and all sub-bureaus of the Offshore Oil Tax Administration,

Due to the merger of exchange rates after the reform of the state foreign exchange control system, enterprises with foreign investment shall adjust their foreign exchange accounts in accordance with related accounting system.
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