State Council, Circular on the Implementation of Transitional Preferential Enterprise Income Tax Policies

国务院关于实施企业所得税过渡优惠政策的通知

January 31, 2008 | BY

clpstaff &clp articles

State Council issues transitional preferential tax policies in view of the implementation of the PRC Enterprise Income Tax Law.

Issued: December 26 2007

Main Contents: Beginning from January 1 2008, enterprises that were previously subject to the preferential policy of low tax rates shall undergo a gradual transition to the statutory tax rate within five years after the implementation of the PRC Enterprise Income Tax Law (New Tax Law). The applicable tax rates for the next five years for enterprises that were previously subject to a 15% tax rate shall be as follows:

Year

New enterprise income tax rate

2008

18%

2009

20%

2010

22%

2011

24%

2012

25%

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]