Circular of the State Administration of Taxation on Questions concerning the Handling of Tax related to Enterprises with Foreign Investment in Medical and Educational Trades

Circular of the State Administration of Taxation on Questions concerning the Handling of Tax related to Enterprises with Foreign Investment in Medical and Educational Trades
Circular of the State Administration of Taxation on Questions concerning the Handling of Tax related to Enterprises with Foreign Investment in Medical and Educational Trades

Guo Shui Fa [1994] No.152

July 4, 1994

Taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan and sub-bureaus of the Offshore Oil Tax Administration,

Clarification on the question concerning the handling of tax related to enterprises with foreign investment in medical and educational trades is hereby as follows:

I. According to the principle stipulated in Article 1 of the Income Tax Law of the People's Republic of China on Foreign-invested Enterprises and Foreign Enterprises and Article 2 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 for Implementation), enterprise income tax shall be calculated and paid in accordance with the stipulations of the Tax Law and its Detailed Rules for Implementation for the business income and other income of the enterprise with foreign investment in the medical and educational undertakings.

II.
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