rhls5hrxe
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 Posted: Fri 3:51, 11 Mar 2011 Post subject: Circular on Policies Regarding Business Income Tax |
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On November 15,[link widoczny dla zalogowanych], 2010,[link widoczny dla zalogowanych], the Ministry of Finance, the State
Administration of Taxation, the Ministry of Commerce, the Ministry of
Science & Technology and National Development and Reform Commission
printed and distributed the Circular on Policies Regarding Business
Income Tax for Technically Advanced Service Enterprises (Ministry of
Finance & the State Administration of Taxation [2010] No. 65).
Preferential business income tax policies are in place for the recognized
technically advanced service enterprises in 21 outsourcing model cities of China
including Beijing, Tianjin, Shanghai,[link widoczny dla zalogowanych], Chongqing, Dalian, Shenzhen,[link widoczny dla zalogowanych], Guangzhou,
Wuhan, Harbin, Chengdu, Nanjing, Xi’an, Jinan, Hangzhou, Hefei,[link widoczny dla zalogowanych], Nanchang,
Changsha, Daqing, Suzhou, Wuxi and Xiamen from July 1, 2010 to December
31, 2013: (1) Tax will be levied on the recognized technically advanced service
enterprises with the preferential rate of 15%; (2) For recognized technically
advanced enterprises, educational expenditure on employees within 8% of the
total salary can be deducted from the taxable income; the amount exceeding the
prescribed 8% can be carried over to future tax years for deduction.
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