Circular on Measures for Implementing the Stipulations concerning the Levy of Turnover Tax on Resident Representative Offices of Foreign Enterprises Promulgated before December 31, 1993
Circular on Measures for Implementing the Stipulations concerning the Levy of Turnover Tax on Resident Representative Offices of Foreign Enterprises Promulgated before December 31, 1993
Circular on Measures for Implementing the Stipulations concerning the Levy of Turnover Tax on Resident Representative Offices of Foreign Enterprises Promulgated before December 31, 1993
Guo Shui Fa [1994] No. 70
April 16, 1994
This Administration issued the Circular On Measures for Implementing the Stipulations Concerning the Levy of Turnover Tax on Resident Representative Offices of Foreign Enterprises Promulgated Before December 31, 1993, issued on January 18, 1994 coded Guo Shui Ming Dian [1994] No. 20. A supplementary document thereto is hereby issued as follows:
The Interim Regulations of the People's Republic of China on Business Tax and the implementing rules thereof have been in effect as of January 1, 1994. Stipulations on the levy of turnover tax under laws and regulations concerning the levy of tax on the resident representative offices of foreign enterprises promulgated prior to the said Regulations and the implementing rules thereof, as have been reviewed, may remain in effect in principle; however, the "consolidated industrial and commercial tax" set in the original regulations shall be changed into "business tax"; the applicable tax items shall be changed into "service trades" and the applicable tax rate shall be five percent.
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Guo Shui Fa [1994] No. 70
April 16, 1994
This Administration issued the Circular On Measures for Implementing the Stipulations Concerning the Levy of Turnover Tax on Resident Representative Offices of Foreign Enterprises Promulgated Before December 31, 1993, issued on January 18, 1994 coded Guo Shui Ming Dian [1994] No. 20. A supplementary document thereto is hereby issued as follows:
The Interim Regulations of the People's Republic of China on Business Tax and the implementing rules thereof have been in effect as of January 1, 1994. Stipulations on the levy of turnover tax under laws and regulations concerning the levy of tax on the resident representative offices of foreign enterprises promulgated prior to the said Regulations and the implementing rules thereof, as have been reviewed, may remain in effect in principle; however, the "consolidated industrial and commercial tax" set in the original regulations shall be changed into "business tax"; the applicable tax items shall be changed into "service trades" and the applicable tax rate shall be five percent.
......