Circular of the State Administration of Taxation on Administrative Enhancements for the Levying of Income Tax on State-Owned Enterprises

Circular of the State Administration of Taxation on Administrative Enhancements for the Levying of Income Tax on State-Owned Enterprises


Circular of the State Administration of Taxation on Administrative Enhancements for the Levying of Income Tax on State-Owned Enterprises

Guo Shui Fa [1999] No.27

February 25, 1999

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

During the institutional reforms undertaken in 1998, the State Council decided to transfer the responsibility for the administration of income tax levied on state-owned enterprises from the Finance Department to the Taxation Department and streamline various aspects of this responsibility, which was an important measure taken to enhance the administration of income tax levied on state-owned enterprises. Taxation authorities at all levels and officers, and in particular senior officers, shall fully comprehend the thinking behind and implement the decisions of the State Council, adopt a unified standpoint, adapt to the requirements of the new situation, enhance their sense of mission and responsibilities and take effective steps to raise the administration of income tax levied on state-owned enterprises to a new level. We hereby notify you of the relevant issues as follows:

I. Revenue plans shall be carried out by the taxation authorities at all levels, and the assessment of such revenue plans shall be strengthened. In order to perform the duties assigned by the State Council and enhance the administration of income tax levied on state-owned enterprises, the State Administration of Taxation has decided that income tax levied on state-owned enterprises shall be included in its revenue plans from 1999 onwards and shall be assessed going forward. Taxation authorities at all levels shall be responsible for ratifying revenue plans at the appropriate level and assigning organizational and individual responsibilities within such plans, establishing systems for the tracking of plan objectives and responsibilities, and formulating specific measures in a way that encourages the collective responsibility of taxation authorities at all levels, the strengthening and effective implementation of administrative measures, and the efficient collection of revenue to safeguard the achievement of revenue plan objectives.

II. The administration of tax sources shall be enhanced and a system for the monitoring of key tax sources shall be established.
  ......
Please consent to the LexisNexis Terms and Conditions and Privacy Policy.