Circular of the Ministry of Finance and the State Administration of Taxation on the Applicable Taxation Policy of the Foreign Petroleum Companies Involving in Exploitation of Coal Gas

Circular of the Ministry of Finance and the State Administration of Taxation on the Applicable Taxation Policy of the Foreign Petroleum Companies Involving in Exploitation of Coal Gas

Cai Shui Zi [1996] No. 62

July 5, 1996

The financial departments (bureaus), the state tax bureaus and the local tax bureaus in various provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan,

In order to encourage the foreign enterprises and enterprises with foreign investment (hereinafter referred to as enterprises ) to exploit the overland coal gas level of our country, the taxation policy should be clarified as following:

I.
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