Circular of the Ministry of Finance and the State Administration of Taxation on Several Matters concerning Enterprise Income Tax on Policy-Related Relocation Income of Enterprises
Circular of the Ministry of Finance and the State Administration of Taxation on Several Matters concerning Enterprise Income Tax on Policy-Related Relocation Income of Enterprises
Circular of the Ministry of Finance and the State Administration of Taxation on Several Matters concerning Enterprise Income Tax on Policy-Related Relocation Income of Enterprises
Cai Shui [2007] No. 61
May 18, 2007
The financial departments (bureaus), the offices of the State Administration of Taxation and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and the financial bureau of Xinjiang Production and Construction Corp.,
In order to support the planning and reconstruction activities for cities, the relevant matters concerning enterprise income tax on policy-related relocation income of enterprises are, through deliberation, hereby clarified as follows:
I. For the purpose of this Circular, the policy-related relocation income of enterprises means the incomes of relocation compensation received by the removing enterprises from the governments according to the prescribed standards, and the land transfer incomes received by the removing enterprises through such market activities as public bidding, auction and listing, as a result of urban planning, infrastructure construction, etc.
......
Cai Shui [2007] No. 61
May 18, 2007
The financial departments (bureaus), the offices of the State Administration of Taxation and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities specifically designated in the state plan, and the financial bureau of Xinjiang Production and Construction Corp.,
In order to support the planning and reconstruction activities for cities, the relevant matters concerning enterprise income tax on policy-related relocation income of enterprises are, through deliberation, hereby clarified as follows:
I. For the purpose of this Circular, the policy-related relocation income of enterprises means the incomes of relocation compensation received by the removing enterprises from the governments according to the prescribed standards, and the land transfer incomes received by the removing enterprises through such market activities as public bidding, auction and listing, as a result of urban planning, infrastructure construction, etc.
......