Circular of the Ministry of Finance and the State Administration of Taxation on Several Issues concerning Taxation on Foreign-Invested Enterprises Engaging in Investment Businesses

Circular of the Ministry of Finance and the State Administration of Taxation on Several Issues concerning Taxation on Foreign-Invested Enterprises Engaging in Investment Businesses
Circular of the Ministry of Finance and the State Administration of Taxation on Several Issues concerning Taxation on Foreign-Invested Enterprises Engaging in Investment Businesses

Cai Shui Zi [1994] No.83

January 13, 1994

State taxation bureaus and local taxation bureaus of provinces, autonomous regions, municipalities directly under the central government, cities specifically designated under the state plan; branches of the Offshore Oil Tax Administration,

In recent years, various foreign investors have set up foreign-invested enterprises to invest in other domestic foreign-invested enterprises by means of investment holdings. And upon approval from relevant authorities, some foreign-invested enterprises which are engaged in production and operation have begun to invest in other enterprises. In order to improve the administration of the tax levied on investment made by such foreign-invested enterprises, notification is hereby made, on the relevant matters concerning tax levied on foreign-invested enterprises in China as follows:

I.
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