Ministry of Finance and State Administration of Taxation, Circular on the Policy of Deducting Loan Loss Reserves of Financial Enterprises before Enterprise Income Tax

财政部、国家税务总局关于金融企业贷款损失准备金企业所得税税前扣除政策的通知

| BY

clpstaff &clp articles

Pre-tax allocation of lease financing receivables allowed for financial enterprises.

Issued: January 29 2012
Effective: January 1 2011 to December 31 2013

Main contents: The scope of loan assets for which pre-tax allocation of loan loss reserves is permitted shall be as follows:

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]