Circular of the Ministry of Finance and the State Administration of Taxation on Several Preferential Policies on Enterprise Income Tax
Circular of the Ministry of Finance and the State Administration of Taxation on Several Preferential Policies on Enterprise Income Tax
Circular of the Ministry of Finance and the State Administration of Taxation on Several Preferential Policies on Enterprise Income Tax
Cai Shui [2008] No. 1
February 22, 2008
To the financial offices (bureaus), national taxation bureaus, and local taxation bureaus of the various provinces, autonomous regions, municipalities directly under the central government, and cities specifically designated in the state plan as well as the financial affairs bureau of the Xinjiang Production and Construction Corps.:
On the basis of Article 36 of the Law of the People's Republic of China on Enterprise Income Tax and with the approval of the State Council, this circular on issues relevant to preferential enterprise income tax policies is hereby promulgated as follows:
I. Regarding the preferential policy to encourage the development of the software and integrated circuit industries
1. The taxes refunded to software enterprises implementing the value-added tax (VAT) refund policy shall be used in software research and development and the expansion of production and shall not be viewed as taxable income for the purposes of collecting enterprise income tax.
2. After new software enterprises established inChina
......
Cai Shui [2008] No. 1
February 22, 2008
To the financial offices (bureaus), national taxation bureaus, and local taxation bureaus of the various provinces, autonomous regions, municipalities directly under the central government, and cities specifically designated in the state plan as well as the financial affairs bureau of the Xinjiang Production and Construction Corps.:
On the basis of Article 36 of the Law of the People's Republic of China on Enterprise Income Tax and with the approval of the State Council, this circular on issues relevant to preferential enterprise income tax policies is hereby promulgated as follows:
I. Regarding the preferential policy to encourage the development of the software and integrated circuit industries
1. The taxes refunded to software enterprises implementing the value-added tax (VAT) refund policy shall be used in software research and development and the expansion of production and shall not be viewed as taxable income for the purposes of collecting enterprise income tax.
2. After new software enterprises established in
......