Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
18 April 2008
Dear Sirs,
Commercial Information Circular No. 239/2008
The Mainland of China : Notice Concerning the Prepayment of Corporate Income Tax by Property and Real Estate Development Enterprises
The State Administration of Taxation has issued a notice recently announcing the estimated profit margins and related details applicable to the prepayment of corporate income tax by resident taxpayers engaged in property and real estate development. The notice has taken effect from 1 January 2008. For foreign-invested property and real estate development enterprises which have prepaid the corporate income tax according to the original estimated profit margins, the notice would be implemented from the second quarter of the year. A copy of the notice is attached at Annex (pdf format) for reference.
- For details of the "Law on Corporate Income Tax of the People's Republic of China" and its implementation regulations, please refer to CIC No. 132/2007 dated 21 March 2007 and CIC No. 499/2007 dated 13 December 2007.
ENQUIRIES
- 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. |