Circular of the Ministry of Finance and the State Administration of Taxation on Ceasing the Implementation of the Preferential Policy of Exempting the Withholding Income Tax on Interest and Rentals Derived from Principals, Interest and Rentals Paid by Means of Delivery of Products
Circular of the Ministry of Finance and the State Administration of Taxation on Ceasing the Implementation of the Preferential Policy of Exempting the Withholding Income Tax on Interest and Rentals Derived from Principals, Interest and Rentals Paid by Means of Delivery of Products
Circular of the Ministry of Finance and the State Administration of Taxation on Ceasing the Implementation of the Preferential Policy of Exempting the Withholding Income Tax on Interest and Rentals Derived from Principals, Interest and Rentals Paid by Means of Delivery of Products
Cai Shui [2001] No.162
September 8, 2001
From September 1, 2001 on, principals, interest and rentals derived from returns or delivery of products by Chinese companies or enterprises to foreign enterprises providing equipment and technology, or interest and rentals derived from the installation charges in processing trade used for offsetting price and interest shall be subject to the enterprise income tax in accordance with Article 19 of the Income Tax Law of the People's Republic of China on Foreign-invested Enterprises and Foreign Enterprises and the relevant provisions.
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