Official Reply of the State Administration of Taxation on the Tax of Assets Re-assessment of the Enterprises with Foreign Investment -- China Business -- kaizen
Chinese
Chinese
English
HomeAbout UsServicesDownloadFAQsContact UsBBS

    Quick Acess

China Business
Current position : Service >> China Business
 
Official Reply of the State Administration of Taxation on the Tax of Assets Re-assessment of the Enterprises with Foreign Investment

Official Reply of the State Administration of Taxation on the Tax of Assets Re-assessment of the Enterprises with Foreign Investment


GuoShuiHan [1996] No.124 March 19,1996

The state tax bureau of Jiangsu:

Request for an Instruction on the Tax of Increased Value of the Enterprises with Foreign Investment after Assets Reassessment (SuGuoShuiFa [1996] No.046) by your party has been received and aware of it. In view of the tax on the altered assets after assets reassessment of the enterprises with foreign investment, it should be clarified as follows through study:

When assets reassessment is carried out by the enterprises with foreign investment in terms of enterprise reorganization and shareholding regulation, the altered value between reassessed value and original book value should be handled on the base of Paragraph 3 of Article 1 of the Circular of the State Administration of Taxation on Several Issues Concerning Foreign-related Tax Policies of Trial Enterprises Adopting the Shareholding System issued in 1993 (GuoShuiFa [1993] No.139).

Promulgated by The State Administration of Taxation on 1996-3-19



Previous two similar articles:

 Offshore Company