Circular of the State Administration of Taxation on Tax Payment Issues concerning Foreign Oil Companies Engaging in the Cooperative Exploitation of Petroleum Resources in China

Circular of the State Administration of Taxation on Tax Payment Issues concerning Foreign Oil Companies Engaging in the Cooperative Exploitation of Petroleum Resources in China
Circular of the State Administration of Taxation on Tax Payment Issues concerning Foreign Oil Companies Engaging in the Cooperative Exploitation of Petroleum Resources in China

Guo Shui Fa [1995] No.53

March 13, 1995

In accordance with the relevant provisions of the Law of the People's Republic of China on the Administration of Tax Collection (hereinafter referred to as the Tax Administration Law) and the Income Tax Law of the People's Republic of China on Foreign-invested Enterprises and Foreign Enterprises (hereinafter referred to as the Tax Law), the tax payment issues concerning foreign oil companies engaging in the cooperative exploitation of petroleum resources in China are hereby clarified as follows:

I. Foreign oil companies engaging in the cooperative exploitation of petroleum resources in China, whether as operators or non-operators, shall be considered independent taxpayers and must complete the procedures of tax registration and tax return in accordance with the Tax Administration Law.

II.
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