Ministry of Finance and the State Administration of Taxation, Circular on Income Tax Issues of Partners of Partnerships

财政部、国家税务总局关于合伙企业合伙人所得税问题的通知

March 17, 2009 | BY

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Losses in partnerships not allowed to be used to deduct other companies' profits.

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Issued: December 23 2008
Effective: January 1 2008

Main Contents: The Circular specifies the method for apportionment of taxable income among partners of partnerships.

Related Legislation: PRC Enterprise Income Tax Law, Mar 16 2007,