State Administration of Taxation, Question on the Pre-tax Deduction of Losses Due to Bad Debts in Transactions Between Affiliated Enterprises Circular

Issued: November 24 2000

Main contents: The State Administration of Taxation stipulates that after examination by the taxation authority the part of a debt not covered by the assets of the affiliated enterprise declared bankrupt by the court should be allowed to be deducted before tax.
Related legislation: Pre-Tax Deductions from Enterprise Income Tax Procedures, May 16 2000, CLP 2000 No.6 p11