State Administration of Taxation, Official Reply on the Commencement Time for the Implementation of the Reduction and Exemption of Enterprise Income Tax on Newly-established Enterprises

国家税务总局关于新办企业减免企业所得税执行起始时间的批复

May 02, 2007 | BY

clpstaff &clp articles

Reduction and exemption of income tax of newly-established enterprises clarified.

Clp Reference: 3230/07.03.27 Promulgated: 2007-03-27

Issued: March 27 2007

Main Contents: Where an enterprise was established prior to October 1 2005 and the first sum of income was obtained on or after October 1 2005, the reduction and exemption of tax shall be calculated in accordance with the State Administration of Taxation, Official Reply on the Implementation Approach on Preferential Treatment for Income Tax of Newly-established Enterprises.

Reduction and exemption of tax for enterprises established on or after October 1 2005 shall be calculated in accordance with the Measures for the Administration of Tax Reduction and Exemption (Trial Implementation).

Related Legislation: Measures on the Administration of Tax Reduction and Exemption (Trial Implementation), Aug 3 2005; and Official Reply on the Implementation Approach on Preferential Treatment for Income Tax of Newly-established Enterprises, Nov 18 2003, CLP 2003 No.10 p.11

clp reference:3230/07.03.27
promulgated:2007-03-27

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]