State Administration of Taxation, Issues Relevant to Preferential Tax Policy Enjoyed by "Two Intensive" Projects of Foreign-invested Enterprises Circular

国家税务总局关于外商投资企业享受“两个密集型”税收优惠政策有关问题的通知

January 31, 2004 | BY

clpstaff &clp articles

Scope of the preferential tax policy for products of technology and knowledge-based industries.

Clp Reference: 3210/03.11.07 Promulgated: 2003-11-07 Effective: 2004-01-01

Issued: November 7 2003
Effective: January 1 2004
Applicability: "Two intensive" projects shall mean technology or knowledge intensive projects.

Main contents: The Circular states that if the main product of the "two intensive" project of a foreign-invested enterprise is listed under the High and New Technology Products State Catalogue and the sales revenue of the current year of such product exceeds 50% of the sales revenue of all the products of the enterprise in that year, the preferential tax policy stipulated in Article 73 of the PRC Foreign-invested Enterprise and Foreign Enterprise Income Tax Law Implementing Rules shall apply.
Related legislation: PRC Foreign-invested Enterprise and Foreign Enterprise Income Tax Law Implementing Rules, Jun 30 1991, CLP 1991 No.7 p16 and High and New Technology Products State Catalogue, Aug 2000, CLP 2000 No.10 p9

clp reference:3210/03.11.07
promulgated:2003-11-07
effective:2004-01-01

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