Circular of the State Administration of Taxation on the Measures for the Administration of Reduction and Exemption of Enterprise Income Tax
Circular of the State Administration of Taxation on the Measures for the Administration of Reduction and Exemption of Enterprise Income Tax
Circular of the State Administration of Taxation on the Measures for the Administration of Reduction and Exemption of Enterprise Income Tax (***It has been abolished***)
Guo Shui Fa [1997] No.99
June 18,1997
With a view to regulating and improving the administration of reduction and exemption of enterprise income tax, the State Administration of Taxation (SAT) has formulated the Measures for the Administration of Reduction and Exemption of Enterprise Income Tax, which are hereby issued for your compliance. For any problem in the implementation, please reflect to the SAT promptly.
Attached: Measures for the Administration of Reduction and Exemption of Enterprise Income Tax
In order to strengthen the administration of reduction and exemption of enterprise income tax (referred to as the tax reduction and exemption hereinafter), promote the taxpayers' and tax authorities' better implementation of the taxation policy, and give full scope to the leverage function of the tax reduction and exemption for economic development and adjustment, these Measures are hereby formulated in accordance with the Interim Regulations of the People's Republic of China Concerning the Income Tax of Enterprises and the rules for the implementation thereof and the relevant stipulations.
I. Scope of application and approval for the tax reduction and exemption
All the tax reduction and exemption from the taxable amount in accordance with the tax laws and regulations, and the relevant stipulations by the State Council are within the scope of application and approval for the tax reduction and exemption. No application and approval shall be permitted beyond the stipulated scope.
If the tax reduction and exemption comply with the stipulated scope of application and approval, the taxpayer may apply for the tax reduction and exemption. Implementation shall be effected upon the verification and approval by the tax authorities. Without the verification and approval of the tax authorities, no tax reduction and exemption shall, without exception, be made by the taxpayer on his own.
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