Circular of the Ministry of Finance and the State Administration of Taxation on the Treatment of Income Tax concerning Appreciation in Enterprises' Asset Appraisal

Circular of the Ministry of Finance and the State Administration of Taxation on the Treatment of Income Tax concerning Appreciation in Enterprises' Asset Appraisal

Cai Shui Zi [1997] No. 77

June 23, 1997

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,

For the purpose of further standardizing and perfecting the system of pre-tax deduction from enterprise income tax, issues on treatment of income tax concerning appreciation in enterprises' asset appraisal are notified as follows in light of the circumstances of all places:

I.
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