Circular of the State Administration of Taxation and the Ministry of Finance on Issues concerning the Calculation of Tax on the Assessed Income of Permanent Representative Offices of Foreign Enterprises
Circular of the State Administration of Taxation and the Ministry of Finance on Issues concerning the Calculation of Tax on the Assessed Income of Permanent Representative Offices of Foreign Enterprises
Circular of the state Administration of Taxation and the Ministry of Finance on Issues concerning the Calculation of Tax on the Assessed Income of Permanent Representative Offices of Foreign Enterprises
Cai Shui Wai Zi [1985] No.198
September 19, 1985
Some areas and regions have recently raised the issue that Article 3 of the Tentative Provisions on the levying of consolidated industrial and commercial tax and corporate income tax on permanent representative offices of foreign firms specifies that "permanent offices that receive commissions from client liaison, negotiation or introduction activities shall, if the amount of commission is specified in a contract, pay tax in accordance with the relevant contractual provisions, but if the amount of commission is not specified in a contract and accurate documentary evidence is not available to confirm its income, shall pay tax according to its truthful declaration on the amount of commission received.
......
Cai Shui Wai Zi [1985] No.198
September 19, 1985
Some areas and regions have recently raised the issue that Article 3 of the Tentative Provisions on the levying of consolidated industrial and commercial tax and corporate income tax on permanent representative offices of foreign firms specifies that "permanent offices that receive commissions from client liaison, negotiation or introduction activities shall, if the amount of commission is specified in a contract, pay tax in accordance with the relevant contractual provisions, but if the amount of commission is not specified in a contract and accurate documentary evidence is not available to confirm its income, shall pay tax according to its truthful declaration on the amount of commission received.
......