Official Reply of the State Administration of Taxation Concerning the Tax Refund of the Domestic Equipment Purchases of Enterprises with Foreign Investment
Official Reply of the State Administration of Taxation Concerning the Tax Refund of the Domestic Equipment Purchases of Enterprises with Foreign Investment
The state taxation bureau of Hainan:
We have received your Referendum concerning the Tax Refund of the Domestic Equipment Purchases of Enterprises with Foreign Investment (QiongGuoShuiFa [2001] No.114). As for the issue of the tax refund of the domestic equipment purchases of the SIDA Pharmacy Manufacturing Factory under the SIDA Pharmacy Limited Company of Hainan Province, We now reply after consideration as follows:
With regard to branch companies or branch factories without corporate personality of enterprises with foreign investment but with independent economic accounting, if they purchase domestic equipments in the name of the enterprises with foreign investment, the enterprises with foreign investment shall apply for tax refund in accordance with the provisions of the Circular of the State Administration of Taxation concerning the Issue of the Proposed Managerial Measures for Tax Refund of Domestic Equipment Purchases of Enterprises with Foreign Investment(GuoShuiFa [1999] No.171). The branch companies (branch factories) without corporate personality under enterprises with foreign investment shall not apply for tax refund.
Please abide by and carry out the above accordingly.
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