State Administration of Taxation and Ministry of Commerce, Procedures for the Examination and Approval of Enterprise Income Tax Reductions and Exemptions for Technology Imports Circular

国家税务总局、商务部关于技术进口企业所得税减免审批程序的通知

June 02, 2005 | BY

clpstaff &clp articles &

Issued: March 17 2005Effective: as of date of issueMain contents: The Circular states that a foreign investor that wishes to apply for an income tax reduction…

Clp Reference: 3220/05.03.17 Promulgated: 2005-03-17 Effective: 2005-03-17

Issued: March 17 2005
Effective: as of date of issue

Main contents: The Circular states that a foreign investor that wishes to apply for an income tax reduction or exemption may entrust the technology import transferee to carry out the relevant procedures. It also specifies the circumstances under which a technology import contract shall not be deemed to satisfy 'preferential terms' as specified in tax laws and, in principle, a Letter of Recommendation for the Reduction or Exemption of Enterprise Income Tax may not be issued.
Related legislation: PRC Foreign-invested Enterprise and Foreign Enterprise Income Tax Law, Apr 9 1991, CLP 1991 No.3 p25 and PRC Foreign-invested Enterprise and Foreign Enterprise Income Tax Law Implementing Rules, Jun 30 1991, CLP 1991 No.7 p16

clp reference:3220/05.03.17prc reference:国税发 [2005] 45 号promulgated:2005-03-17effective:2005-03-17

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