Circular of the State Administration of Taxation on Several Issues concerning Enterprise Income Tax
Circular of the State Administration of Taxation on Several Issues concerning Enterprise Income Tax
Circular of the State Administration of Taxation on Several Issues concerning Enterprise Income Tax
Guo Shui Fa [1994] No.132
May 31, 1994
Some problems arising from the implementation of the new tentative rules on enterprise income tax have been referred to the State Administration of Taxation since the promulgation of the new Interim Regulations of the People's Republic of China on Enterprise Income Tax and the detailed rules for implementation thereof. In order to facilitate tax collection, hereby as follows is the circular of the State Administration of Taxation on relevant issues:
I. Profit delivery requirements set by relevant authorities in some regions
The new Interim Regulations of the People's Republic of China on Enterprise Income Tax and relevant regulations specify that, all enterprises in the People's Republic of China other than foreign-invested enterprises and foreign enterprises shall pay income tax according to the law. Enterprises which keep as profits instead of paying the income tax during the reform regarding substitution of tax payment for profit delivery and those which enjoy tax relief and exemption treatments shall pay income tax unless there are documents issued by the State Council, the Ministry of Finance or the State Administration of Taxation which clearly state the continuity of those policies and treatments.
......
Guo Shui Fa [1994] No.132
May 31, 1994
Some problems arising from the implementation of the new tentative rules on enterprise income tax have been referred to the State Administration of Taxation since the promulgation of the new Interim Regulations of the People's Republic of China on Enterprise Income Tax and the detailed rules for implementation thereof. In order to facilitate tax collection, hereby as follows is the circular of the State Administration of Taxation on relevant issues:
I. Profit delivery requirements set by relevant authorities in some regions
The new Interim Regulations of the People's Republic of China on Enterprise Income Tax and relevant regulations specify that, all enterprises in the People's Republic of China other than foreign-invested enterprises and foreign enterprises shall pay income tax according to the law. Enterprises which keep as profits instead of paying the income tax during the reform regarding substitution of tax payment for profit delivery and those which enjoy tax relief and exemption treatments shall pay income tax unless there are documents issued by the State Council, the Ministry of Finance or the State Administration of Taxation which clearly state the continuity of those policies and treatments.
......