Circular of the State Administration of Taxation on Several Business Issues concerning Enterprise Income Tax

Circular of the State Administration of Taxation on Several Business Issues concerning Enterprise Income Tax


Circular of the State Administration of Taxation on Several Business Issues concerning Enterprise Income Tax

Guo Shui Fa [1997] No.191

December 16, 1997

State taxation bureaus and local taxation bureaus of provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan,

Problems reported by some local governments were discussed at the National Conference of Enterprise Income Tax held in 1997. Clarification on relevant matters concerning enterprise income tax is hereby as follows:

I. Ways of solving problems discovered during tax inspection
1. Taxpayers shall pay tax for their undeclared incomes which were later discovered by taxation authorities and be punished according to the Law on Taxation Administration.
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