State Administration of Taxation, Questions on the Tax Year of Foreign Investment Enterprises Official Reply

国家税务总局关于外商投资企业纳税年度问题的批复

June 02, 2002 | BY

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Terminates the use of 12 full months as the tax year for foreign investment enterprises, except for approved FIEs.

Clp Reference: 3210/02.04.25 Promulgated: 2002-04-25

Issued: April 25 2002

Main contents: The Reply terminates the implementation of Article 16 of the Several Operation Handling Questions Concerning the Thorough Implementation of the Foreign Investment Enterprise and Foreign Enterprise Income Tax Law Circular as of the year 2002. For those foreign investment enterprises that have been approved to use their accounting year that consists of 12 full months as their tax year, this may continue to be implemented until the expiration of the term of the enterprise.
Related legislation: PRC, Foreign Investment Enterprise and Foreign Enterprise Income Tax Law Implementing Rules, Jun 30 1991, CLP 1991 No.5 p16 and Several Operation Handling Questions Concerning the Thorough Implementation of the Foreign Investment Enterprise and Foreign Enterprise Income Tax Law Circular, 1991

clp reference:3210/02.04.25promulgated:2002-04-25

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