State Administration of Taxation, Circular on Issues Relevant to Prepayment of Enterprise Income Tax
国家税务总局关于企业所得税预缴问题的通知
Certain enterprises prepaying tax on a monthly basis now may prepay tax on a quarterly basis.
Date:
March 2008
CLP Reference: 3230/08.01.30
Promulgated: 30 January 2008
Keywords (click to search): [prepayment of tax] [enterprise income tax] [Shanghai Pudong New Area] [high and new technology enterprises] [advance tax payment]
Issued: January 30 2008
Main Contents: According to the Circular, enterprises that have been recognized as high and new technology enterprises before January 1 2008 shall prepay enterprise income tax at a tax rate of 25% before they are recognized again in accordance with the relevant provisions of the PRC Enterprise Income Tax Law (Article 1). Enterprises outside the Special Economic Zones of Shenzhen City and Xiamen City, and foreign-invested enterprises and domestic enterprises in the Shanghai Pudong New Area that are not production-oriented, which originally prepay tax every month, shall prepay tax on a quarterly basis beginning in 2008 (Article 2). Enterprises that were originally approved for consolidated tax payment and that prepay tax on a monthly basis shall prepay tax on a quarterly basis beginning in 2008 (Article 3).
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