Ministry of Finance and State Administration of Taxation, Adjusting the Policy for Business Tax on Foreign-funded

财政部、国家税务总局关于调整外商投资和外国金融企业营业税政策的通知

September 02, 2001 | BY

clpstaff &clp articles &

Issued: April 25 2001Main contents: According to the Circular, as of May 1 2001 foreign-funded and foreign financial enterprises in newly established economic…

Clp Reference: 3210/01.04.25 Promulgated: 2001-04-25

Issued: April 25 2001

Main contents: According to the Circular, as of May 1 2001 foreign-funded and foreign financial enterprises in newly established economic zones (including Shanghai Pudong New Area and Suzhou Industrial Park) will be subject to the uniform State business tax rate. Existing foreign-funded and foreign financial enterprises can continue to enjoy preferential business tax policy until the policy expires.
Related legislation: State Council, Relevant Questions Concerning the Adjustment of Tax Policy Towards the Financial and Insurance Industries Circular, Feb 19 1997, CLP 1997 No.6 p20

clp reference:3210/01.04.25promulgated:2001-04-25

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