Circular on Policy Issues Relevant to the Deduction of Deposit Insurance Premiums Before Enterprise Income Tax by Banking Financial Institutions

关于银行业金融机构存款保险保费企业所得税税前扣除有关政策问题的通知

Deposit insurance premiums are tax deductible.

(Issued by the Ministry of Finance and the State Administration of Taxation on October 8 2016, and effective as of May 1 2015.)

(财政部、国家税务总局于二零一六年十月八日发布，自二零一五年五月一日起执行。)

Cai Shui [2016] No.106

财税〔2016〕106号

Finance departments (bureaus), offices of the State Administration of Taxation and local taxation bureaus of the provinces, autonomous regions, municipalities directly under the central government and cities with independent development plans and the Finance Bureau of the Xinjiang Production and Construction Corps:

各省、自治区、直辖市、计划单列市财政厅（局）、国家税务局、地方税务局，新疆生产兵团财务局：

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