Circular of the State Administration of Taxation on the Handling of the Taxation Related to the Management Fees Drawn by the Overseas Parent Companies of Foreign Oil Companies

Circular of the State Administration of Taxation on the Handling of the Taxation Related to the Management Fees Drawn by the Overseas Parent Companies of Foreign Oil Companies
Circular of the State Administration of Taxation on the Handling of the Taxation Related to the Management Fees Drawn by the Overseas Parent Companies of Foreign Oil Companies

Guo Shui Fa [1993] No. 69

April 1, 1993

The Tianjin, Shanghai, Guangzhou, and Zhanjiang sub-bureaus of the Offshore Oil Taxation Administration, 

In accordance with the provisions of the relevant articles of the Implementing Rules of the Income Tax Law of the People's Republic of China on Foreign-invested Enterprises and Foreign Enterprises (hereinafter referred to as the Detailed Rules), foreign oil companies may itemize and pay the reasonable management fees to the head office related to their production and operation.
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