Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
3 April 2008
Dear Sirs,
Commercial Information Circular No. 209/2008
The Mainland of China : Measures on Assessment and Levy of Corporate Income Tax (Trial)
The State Administration of Taxation has promulgated the "Measures on Assessment and Levy of Corporate Income Tax (Trial)" recently. According to the trial measures, taxation authorities can adopt appropriate methods to assess and levy corporate income tax on resident enterprises if the latter have not set up any books and records, fail to provide taxation information or the information provided is incomplete, have not filed their tax returns or the tax calculation is apparently lower than the average.
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A copy of the trial measures, which have taken effect from 1 January 2008, is attached at Appendix (pdf format) for reference. The "Interim Measures on Assessment and Levy of Corporate Income Tax" has been repealed at the same time.
ENQUIRIES
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If you have any questions on the content of this circular, please contact Ms Eugenia CHAN at 2398 5444.
Yours faithfully,
(Miss Annie LOONG)
for Director-General of Trade and Industry
| Note : | While every effort is made to ensure the accuracy of the above information, the Department cannot guarantee this to be so and will not be held liable for any reliance placed on the same. |