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