Did you correctly withhold enterprise income tax for non-PRC residents?
Llinks Law OfficesDavid Yu and Clare [email protected], [email protected] September 23 notice from the State Administration of Taxation stated…
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Llinks Law Offices
David Yu and Clare Lu
[email protected], [email protected]
A September 23 notice from the State Administration of Taxation stated that from January to August 2009 PRC state and local tax authorities collected from Non-PRC Resident Enterprises (NREs) total taxes of Rmb38.75 billion (US$5.68 billion). This represented an increase of 46.3% over the same period in 2008. Of this amount, enterprise income tax (EIT) collected Rmb23.51 billion by means of a withholding method. This was an increase of 115.2% over the same period in 2008.
The above mentioned statistics indicate that the State Administration of Taxation (SAT) has strengthened the administration of tax collection on NREs. As the main way of collecting taxes from NREs,