Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
24 September 2008
Dear Sirs,
Commercial Information Circular No. 480/2008
The Mainland of China : Notice Concerning the "Catalogue of Public Infrastructural
Projects 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 Public Infrastructural Projects Eligible for Concessions of Corporate Income Tax (2008)", which 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 engaging in state supported public infrastructural projects as stipulated in the above Catalogue shall be exempted from corporate income tax in the first three years starting from the tax year when the projects obtain income from production and operation, and shall have their corporate income tax reduced by half from the fourth to the sixth 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. |