State Administration of Taxation, Circular on Issues Concerning Consolidated Tax Payment of Wholly Foreign-owned Banks that Operate in More than One Region

国家税务总局关于跨地区经营外商独资银行汇总纳税问题的通知

March 17, 2009 | BY

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New branches of wholly foreign-owned banks may be exempted from pre-payment of tax.

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Issued: November 26 2008

Main Contents: Where a wholly foreign-owned bank establishes a new branch in another region, and the head office is unable to allocate the tax amount due