Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
10 October 2008
Dear Sirs,
Commercial Information Circular No. 504/2008
The Mainland of China : Notice Concerning the Taxation Policy Relating to Pre-tax
Deduction Standard for Interest Paid by an Enterprise to Its Associated Parties
The Ministry of Finance and the State Administration of Taxation have recently issued a notice clarifying the taxation policy relating to pre-tax deduction for interest expenditure on credit type investment received by an enterprise from its associated parties in accordance with Article 46 of the "Law on Corporate Income Tax of the People's Republic of China" and Article 119 of the "Regulations on the Implementation of Law on Corporate Income Tax". A copy of the relevant 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 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. |