Circular of the State Administration of Taxation Concerning Defining the Incomes of Foreign Enterprises and Individuals from Technology Transfer Which Are to be Exempt from Business Tax
The bureau of Local Taxation of every province, autonomous region, municipality directly under the Central Government and municipality separately listed on the State plan:
According to the provisions of ‘Circular of the Ministry of Finance and the State Administration of Taxation for Implementation of Provisions Concerning Taxation in “Decision of the Central Committee of the Chinese Communist Party and the State Council on Promotion of Technological Innovation, Development of High Technologies and Accomplishment of Industrialization “(CaiShuiZi [1999] No.273), incomes of foreign enterprises and individuals from technology transfer, business of technology development and related business of technical consultancy and service shall be exempt from business tax. For the purpose of convenient implementation, provisions are hereby made for clarification of the incomes of foreign enterprises and individuals from technology transfer which are exempt from business tax.
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Official Reply of the State Administration of Taxation on How to Deal with the Taxation of Building Decoration Expenses of Enterprises with Foreign Investment
Your Request for Instructions concerning the Amortizing Period of the Dining-hall Decoration Expenses of the Tianjin Kentucky Limited Company (JinGuoShuiWai [2000] No. 59) has been received. As how to deal with the taxation of the decoration expenses of enterprises, we reply after consideration as follows:
1. With regard to the building decoration expenses of enterprises with foreign investment and foreign enterprises, if the property rights of the buildings belong to the enterprises themselves, the building decoration expenses, which occurred before the utilization of the buildings, shall be included in the prices of the buildings, and be calculated for depreciation in accordance with the provision of the Tax Law concerning the depreciation years of fixed assets. The building decoration expenses, which occurred after the utilization of the buildings, shall be averagely amortized within five years starting from the following month after the utilization of the buildings after their re-fitments.
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Administration of Internet Information Services Procedures
Article 1 These Procedures have been formulated in order to regulate internet information service activities and promote the healthy and orderly development of internet information services.
Article 2 Anyone that engages in internet information service activities in the People’s Republic of China must abide by these Procedures.
For the purposes of these Procedures, the term “internet information services” means the service activity of providing information services through the internet to online subscribers.
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Circular of the State Administration of Taxation Concerning Several Issues in the Implementation of Law of the People’s Republic of China on Income Tax of Enterprises with Foreign Investment and Foreign Enterprises
National taxation bureaus of all provinces, autonomous regions, municipalitie directly under the Central Government and municipalities separately listed on the State plan, Local Taxation Bureaus of Guangdong Province and Hainan Province and Local Taxation Bureau of Shenzhen:
Based on relevant provisions in the Law of the People’s Republic of China on Income Tax of Enterprises with Foreign Investment and Foreign Enterprises (hereinafter referred to as “the tax law”) and its implementing rules, several issues concerning the implementation hereof are notified as follows:
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Circular of the State Administration of Taxation Concerning Non-pursuance of the Construction Fees of Cultural Undertakings of the Year 1997 which shall have been Paid by Enterprises with Foreign Investment or Foreign Enterprises
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Official Reply of the State Administration of Taxation Concerning Levying Corporate Income Tax on Interest Income Generated by Foreign Banks from China
State Taxation Bureau of Beijing:
Your Request for Instructions on Issues related to Levying Income Tax of Enterprises on Interest Income Generated by Foreign Banks from Chinese Banks (JingGuoShuiWai [2000] No.288) was received. Official reply is hereby given as follows:
1. Issues concerning the application for exempting interest generated by short-tem loans of foreign banks from interest tax
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Ministry of Foreign Trade and Economic Cooperation and the State Administration for Industry and Commerce, Investment Within China by Foreign Investment Enterprises Tentative Provisions
Article 1 These Regulations have been formulated pursuant to the PRC, Company Law (the “Company Law”) and relevant provisions of laws and regulations concerning foreign investment, in order to regulate investment by foreign investment enterprises.
Article 2 For the purposes of these Regulations, the phrase “investment within China by foreign investment enterprises” means an act whereby a Sino-foreign equity joint venture, a Sino-foreign cooperative joint venture or a wholly foreign-owned enterprise legally established in China in the form of a limited liability company, or a company limited by shares with foreign investment, invests in and establishes an enterprise in China or purchases the interest of one or more investors in another enterprise (“Investee Company”) in China in its own name.
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Circular of the China Insurance Regulatory Commission on the Interim Measures on the Administration of Concurrent-business Insurance Agency
Chapter I General Provisions
Article 1 These Measures are enacted in accordance with the “Insurance Law of the People’s Republic of China” in order to strengthen the administration of concurrent-business insurance agents, regulate the acts of concurrent-business insurance agencies, maintain the order of the insurance market, and promote the healthy development of the insurance industry.
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Circular of the Ministry of Finance Concerning Printing and Distributing the Provisions on the Accounting of Drawbacks for Purchasing Homemade Equipment and of Donations Received by Enterprises with Foreign Investment
Relevant ministries and committees under the State Council, financial departments or bureaus in all provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan, Xinjiang Production and Construction Corps:
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Circular of the State Administration of Taxation on the Income Tax of Insurance Premium Abroad of the Employees in the Enterprises with Foreign Investment and Foreign Enterprises
The state and local taxation bureaus of various provinces, autonomous regions, municipalities directly under the Central Government and municipalities separately listed on the State plan:
It’s reported that some enterprises with foreign investment and foreign enterprises (hereinafter referred to as enterprises) which have set up the institutions and branches in China have paid directly or indirectly to the insurance institutions abroad (including social and commercial insurance institutions) the premiums of unemployment, pension, saving, insurance of life accident injury, medical and other items for the employees working in China (employees with and without resident house in China inclusive) as the welfare or bounty policy, according to the requirements of social security policy in the relative countries or regions. The following states definitely the principles about the tax imposed on the premium abroad:
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