2009-5-19 14:05:07Notice of the Ministry of Finance and the State Ad

(No. 69 [2009] of the Ministry of Finance)

Public finance departments (bureaus), state taxation bureaus and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities under separate state planning, and the Finance Bureau of Xinjiang Production and Construction Corps,

In accordance with the Enterprise Income Tax Law of the People’s Republic of China (hereinafter referred to as the EITL) and the Regulation on the Implementation of Enterprise Income Tax Law of the People’s Republic of China (Order No. 512 of the State Council, hereinafter referred to as the RIEITL), you are hereby notified of the following issues concerning the implementation of the preferential policies on enterprise income tax:
 

1. The enterprises enjoying the transitional preferential policies as provided in the Notice of the State Council on the Implementation of the Transitional Preferential Policies on Enterprise Income Tax (No. 39 [2007] of the State Council) and the preferential policies regarding the western development may pay half of the payable tax amount computed at the applicable tax rate within the half-reduction period of the specified period for tax reductions and exemptions. With regard to other types of tax reductions and exemptions under specified periods, they shall pay half of the payable tax amount computed at the statutory tax rate for enterprise income tax, namely, 25%.
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