State Administration of Taxation, Circular on Issues Relevant to Prepayment of Enterprise Income Tax

国家税务总局关于企业所得税预缴问题的通知

March 12, 2008 | BY

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Certain enterprises prepaying tax on a monthly basis now may prepay tax on a quarterly basis.

Clp Reference: 3230/08.01.30 Promulgated: 2008-01-30

Issued: January 30 2008

Main Contents: According to the Circular, enterprises that have been recognized as high and new technology enterprises before January 1 2008 shall prepay enterprise income tax at a tax rate of 25% before they are recognized again in accordance with the relevant provisions of the PRC Enterprise Income Tax Law (Article 1). Enterprises outside the Special Economic Zones of Shenzhen City and Xiamen City, and foreign-invested enterprises and domestic enterprises in the Shanghai Pudong New Area that are not production-oriented, which originally prepay tax every month, shall prepay tax on a quarterly basis beginning in 2008 (Article 2). Enterprises that were originally approved for consolidated tax payment and that prepay tax on a monthly basis shall prepay tax on a quarterly basis beginning in 2008 (Article 3).

Related Legislation: PRC Enterprise Income Tax Law, Mar 16 2007, CLP 2007 No.3 p.21

clp reference:3230/08.01.30promulgated:2008-01-30

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