Circular of the Ministry of Finance and the State Administration of Taxation Concerning the Issues on the Payment of the Enterprise Income Tax on the Securities and Fund Management Companies

Circular of the Ministry of Finance and the State Administration of Taxation Concerning the Issues on the Payment of the Enterprise Income Tax on the Securities and Fund Management Companies

Cai Shui [2000] No. 90

September 20, 2000

To the financial departments (bureaus), national and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the central government, and cities specifically designated in the state plan:

Subject to some conditions reflected by some regions, the management issues of the collection of the enterprise income tax on the companies for securities investment and fund management are clarified as follows:

The companies for securities investment and fund management are non-bank financial institutes established under the verification and approval of the China Securities Regulatory Commission and their enterprise income taxes belong to the financial revenue of the central government.
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