Issued: April 3 2002
Main contents: The Circular prohibits foreign investment enterprises from withdrawing reserves, funds or future expenses, etc. other than bad debt reserves or funds allowed
State Administration of Taxation, Tax Handling Questions Relevant to Income Tax on Expenses Arising from Controlling Risks or Reducing Future Expenses by Foreign Investment Enterprises Circular
国家税务总局关于外商投资企业为抵御风险和减少未来费用而发生的支出有关所得税税务处理问题的通知
Prohibits reserves, funds or future expenses withdrawal (except for bad debt) for taxation purposes.
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