免费日韩片_欧美成人精品一区二区男人小说_国产乱码一区二区三区四区_国产精品国产三级国产aⅴ入口_成人看的污污超级黄网站免费_欧美一级在线免费观看_成人午夜免费无码福利片_国产乱人伦偷精品视频色欲_aaa少妇高潮大片免费看_国产精品1234_亚洲精品国产suv一区88_中文字字幕在线中文无码_精品亚洲区_午夜九九九_国产av国片精品jk制服丝袜_色综合亚洲_亚洲成av人片无码bt种子下载_欧美色就色_精品少妇的一区二区三区四区_男人用嘴添女人下身免费视频

National

Regional

Taiwan, HK, Macao

Special Coverage

Focus

Society

Profiles

Other basic stipulations

(China Daily)
Updated: 2007-03-09 07:24

The draft law no longer uses the "independent economic accounting" criterion to define a taxpayer, replacing it with the legal person definition, which is in line with international practices.

Individual proprietorship and partnership enterprises will not be covered by this law "to avoid repetitive taxation".

It adopts the criteria "resident enterprise" and "non-resident enterprise". Whether a firm is resident or non-resident depends on the combined standards of "place of registration" and "place of effective management", which is in line with international practice.

Resident enterprises will be required to pay tax on both their domestic income and income from abroad. Non-resident enterprises will have to pay tax only on income earned within China.

The existing limit on the amount of salary domestic firms can deduct as business expenses will no longer apply.

Companies will be allowed to deduct charitable donations to support charitable giving.

Articles on preventing tax evasion through transfer pricing among associated enterprises, through tax havens and or other methods will be clarified.

NPC deputies will discuss the draft law and vote on March 16 to decide whether it will be approved. That is the last day of the annual NPC session.

See full text of the explanation of China's draft enterprise income tax law on chinadailly.com.cn

(China Daily 03/09/2007 page6)