Circular of the Ministry of Finance and the State Administration of Taxation on the Imposition of Business Tax on Uncollected Receivable Interests of Financial Enterprises

Circular of the Ministry of Finance and the State Administration of Taxation on the Imposition of Business Tax on Uncollected Receivable Interests of Financial Enterprises

Cai Shui [2002] No.182

December 30, 2002

To the financial departments and bureaus, national taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, the offices of commissioners for financial supervision of the Ministry of Finance stationed in all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan and the financial bureau of Sinkiang Army Corps of Production and Construction:

In order to adapt to the adjustment of the financial accounting measures for receivable interests uncollected by financial enterprises, the Circular concerning the business tax on the loan businesses of financial enterprises is hereby presented as follows:

Article 1 The accounting period for receivable interests uncollected by financial enterprises shall be implemented in accordance with the relevant provisions of the financial accounting system as specified by the Ministry of Finance or the State Administration of Taxation.
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