Commercial Information Circulars
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e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
11 September 2008
Dear Sirs,
Commercial Information Circular No. 459/2008
The Mainland of China : Notice Concerning the Catalogues of Special Equipment for Energy Conservation, Water Saving and Environmental Protection Eligible for Concessions of Corporate Income Tax (2008)
The Ministry of Finance, the State Administration of Taxation and the National Development and Reform Commission have jointly issued the "Catalogue of Special Equipment for Energy Conservation and Water Saving Eligible for Concessions of Corporate Income Tax (2008)" and the "Catalogue of Special Equipment for Environmental Protection Eligible for Concessions of Corporate Income Tax (2008)". The two catalogues would take retrospective effect on 1 January 2008. A copy of the relevant notice is attached at Appendix (pdf format) for reference.
- According to the "Law on Corporate Income Tax of the People's Republic of China" and its implementation regulations, enterprises purchase and actually use special equipment for energy conservation, water saving and environmental protection listed in the above catalogues may have 10% of the investment in such special equipment deducted from the taxes payable in the year. For details, 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 Meea WONG)
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. |