Circular of State Administration of Taxation on Issues concerning the Levy of Enterprise Income Tax on Enterprise Income Obtained from Policy Relocation and Assets Disposal

Circular of State Administration of Taxation on Issues concerning the Levy of Enterprise Income Tax on Enterprise Income Obtained from Policy Relocation and Assets Disposal

Guo Shui Han [2009] No. 118

March 12, 2009

State taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, cities specifically designated in the state plan:

In accordance with the principles and spirit provided by the Law of the People's Republic of China on Enterprise Income Tax (refer to as the "Enterprise Income Tax Law" hereinafter) and the Implementing Regulations of the Enterprise Income Tax Law of People's Republic of China (refer to as the "Implementing Regulations" hereinafter), we hereby clarify issues concerning the levy of enterprise income tax on enterprise income obtained from policy relocation and assets disposal as follows:

I.
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