State Administration of Taxation, Circular on Issues Relevant to Terminating the Implementation of the Policy of Crediting Purchases of Domestically-produced Equipment as Investments by Enterprises Against Enterprise Income Tax

国家税务总局关于停止执行企业购买国产设备投资抵免企业所得税政策问题的通知

July 09, 2008 | BY

clpstaff &clp articles &

Preferential tax policy for purchase of Chinese equipment cancelled.

Clp Reference: 3230/08.05.16 Promulgated: 2008-05-16

Issued: May 16 2008

Main Contents: Beginning from January 1 2008, the policy of crediting purchases of domestically-produced equipment as investment by enterprises against enterprise income tax shall cease to be implemented.

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

clp reference:3230/08.05.16promulgated:2008-05-16

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