Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax
Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax
Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax
Order of the President of the People's Republic of China No. 64
February 24, 2017
The Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax, adopted at the 26th Meeting of the Standing Committee of the 12th National People's Congress of the People's Republic of China on February 24, 2017, is hereby promulgated and shall go into effect as of the date of promulgation.
Xi Jinping, President of the People's Republic of China
Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax
(Adopted at the 26th Meeting of the Standing Committee of the 12th National People's Congress on February 24, 2017)
The 26th Meeting of the Standing Committee of the 12th National People's Congress has decided to revise the Law of the People's Republic of China on Enterprise Income Tax as follows:
Article 9 is amended to read: "As regards the expenditures from public welfare donations incurred by an enterprise, when computing its taxable income, the part falling within 12% of its total annual profit is allowed to be deducted, and the part in excess of 12% thereof is allowed be carried forward to be deducted over the subsequent three years."
This Decision shall go into effect as of the date of its promulgation.
The Law of the People's Republic of China on Enterprise Income Tax, as amended pursuant to this Decision, is re-promulgated.
......
Order of the President of the People's Republic of China No. 64
February 24, 2017
The Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax, adopted at the 26th Meeting of the Standing Committee of the 12th National People's Congress of the People's Republic of China on February 24, 2017, is hereby promulgated and shall go into effect as of the date of promulgation.
Xi Jinping, President of the People's Republic of China
Decision of the Standing Committee of the National People's Congress on Revising the Law of the People's Republic of China on Enterprise Income Tax
(Adopted at the 26th Meeting of the Standing Committee of the 12th National People's Congress on February 24, 2017)
The 26th Meeting of the Standing Committee of the 12th National People's Congress has decided to revise the Law of the People's Republic of China on Enterprise Income Tax as follows:
Article 9 is amended to read: "As regards the expenditures from public welfare donations incurred by an enterprise, when computing its taxable income, the part falling within 12% of its total annual profit is allowed to be deducted, and the part in excess of 12% thereof is allowed be carried forward to be deducted over the subsequent three years."
This Decision shall go into effect as of the date of its promulgation.
The Law of the People's Republic of China on Enterprise Income Tax, as amended pursuant to this Decision, is re-promulgated.
......