Circular of the State Administration of Taxation on Printing and Distributing the Measures for the Examination and Approval of Pre-Tax Deduction of Management Fees Payable to General Institutions by Subsidiaries Thereof

Circular of the State Administration of Taxation on Printing and Distributing the Measures for the Examination and Approval of Pre-Tax Deduction of Management Fees Payable to General Institutions by Subsidiaries Thereof

Guo Shui Fa [1996] No.177

September 27, 1996

State taxation bureaus and local taxation bureaus of provinces, autonomous regions and municipalities directly under the central government and cities specifically designated in the state plan:

In order to further standardize and improve the examination and approval system as well as to set more strict rules for examination and approval of pre-tax deduction of management fee charged by General Institutions, the Measures for the Examination and Approval of Pre-Tax Deduction of Management Fees Payable to General Institutions by Subsidiaries Thereof have been formulated and hereby issue it to you for implementation.

Appendix:
Measures for the Examination and Approval of Pre-Tax Deduction of Management Fees Payable to General Institutions by Subsidiaries Thereof

This Measure is formulated in accordance with the Implementing Measures of the Interim Regulations of the People's Republic of China on Enterprise Income Tax (the "Implementation Measures") and the Circular of the State Administration of Taxation on Issuance of the Opinions on Improvement of Administration on Collection of Income Tax Levied on Central Enterprises (Guo Shui Fa [1995] No.188) in order to strengthen administration on taxation, regulate pre-tax reservation and deduction of management fee payable to General Institutions.

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