State Administration of Taxation, Circular on the Handling of Relevant Matters Following the Abolition of Several Preferential Tax Policies Previously Available to Foreign-invested Enterprises and Foreign Enterprises
国家税务总局关于外商投资企业和外国企业原有若干税收优惠政策取消后有关事项处理的通知
May 08, 2008 | BY
clpstaff &clp articles &Tax refund policy for reinvestments by foreign investors clarified.
Issued: February 27 2008
Main Contents: The Circular clarifies three issues arising after the abolition of several preferential tax policies previously available to foreign-invested enterprises and foreign enterprises:
(1) Treatment with respect to the previous tax refund policy for reinvestments by foreign investors in foreign-invested enterprises.
(2) Treatment with respect to exemption of enterprise income tax on income such as interest and royalties derived in China by foreign enterprises.
(3) Treatment with respect to foreign-invested enterprises entitled to fixed-term tax reductions/exemptions whose conditions change after 2008.
Related Legislation: PRC Enterprise Income Tax Law, Mar 16 2007, CLP 2007 No.3 p.21; Implementing Regulations for the PRC Enterprise Income Tax Law, Dec 6 2007, CLP 2008 No.1 p.21; Circular on the Implementation of Transitional Preferential Enterprise Income Tax Policies, Dec 26 2007, CLP 2008 No.1 p.12; and PRC Income Tax Law Concerning Foreign-invested Enterprises and Foreign Enterprises, Apr 9 1991, CLP 1991 No.3 p.25
clp reference:3210/08.02.27promulgated:2008-02-27This premium content is reserved for
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