Circular of the State Administration of Taxation on Issues concerning the Imposition of Individual Income Tax on Incomes Gained from Industrialization of Scientific and Technological Achievements

Circular of the State Administration of Taxation on Issues concerning the Imposition of Individual Income Tax on Incomes Gained from Industrialization of Scientific and Technological Achievements


Circular of the State Administration of Taxation on Issues concerning the Imposition of Individual Income Tax on Incomes Gained from Industrialization of Scientific and Technological Achievements

Guo Shui Fa [1999] No.125

July 1, 1999

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

In order to implement the Joint Circular of the Ministry of Finance and the State Administration of Taxation on Tax Policies for Incomes Gained from Industrialization of Scientific and Technological Achievements (Cai Shui Zi [1999] No.45), it is hereby clarified, the relevant related matters:

I. Awards for science and technology researchers in the form of shares or contributions granted by scientific research institutions, colleges and universities for industrialization of research achievements may not be subjected to individual income tax upon examination and approval by relevant taxation authorities.
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