Circular of the State Administration of Taxation on Handling of Issues concerning the Business Income Tax of Foreign Investment Enterprises with no Investment in Place or Incomplete Investment

Circular of the State Administration of Taxation on Handling of Issues concerning the Business Income Tax of Foreign Investment Enterprises with no Investment in Place or Incomplete Investment

Guo Shui Fa [1999] No.60

April 14,1999

The national taxation bureaus of various provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan, and the Shenzhen local Taxation Bureau,

In order to implement the preferential tax policy for enterprises with foreign investment and to reinforce the administration of taxation, the issues on handling the problems of income tax of enterprises with no investment in place or incomplete investment are hereby clarified as following according to the Income Tax Law of the People's Republic of China on Foreign-invested Enterprises and Foreign Enterprises:

I.
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