Ministry of Finance and State Administration of Taxation, Issues Relevant to Pre-tax Deduction of Income Tax for Payment of Securities Settlement Risk Funds by Securities Companies Circular

财政部、国家税务总局关于证券公司缴纳证券结算风险基金所得税税前扣除问题的通知

February 28, 2005 | BY

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Issued: December 31 2004Effective: January 1 2004Main contents: The Circular states that daily payment of securities settlement risk funds by securities…

Clp Reference: 3230/04.12.31 Promulgated: 2004-12-31 Effective: 2004-01-01

Issued: December 31 2004
Effective: January 1 2004

Main contents: The Circular states that daily payment of securities settlement risk funds by securities companies as a settlement member in accordance with 0.003% of the amount of ordinary renminbi shares and funds transactions, and 0.001% of the amount of spot transactions of national debt and the repurchase thereof may be deducted before enterprise income tax (Item One).
Related legislation: Administration of Securities Settlement Risk Funds Tentative Procedures, Apr 4 2000, CLP 2000 No. 6 p9

clp reference:3230/04.12.31promulgated:2004-12-31effective:2004-01-01

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