Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
1 December 2008
Dear Sirs,
Commercial Information Circular No. 597/2008
The Mainland of China : Notice Concerning the Scope of Primary Processing of Agricultural Products Eligible for Concessions of Corporate Income Tax (Trial)
The Ministry of Finance and the State Administration of Taxation have jointly issued a notice concerning the "Scope of Primary Processing of Agricultural Products Eligible for Concessions of Corporate Income Tax (Trial)", which would take retrospective effect on 1 January 2008. A copy of the notice is attached at Appendix (pdf format) for reference.
- In accordance with the "Law on Corporate Income Tax of the People's Republic of China" and its implementation regulations, enterprises shall have their income from agricultural, forestry, animal husbandry and fishery projects exempted from corporate income tax or have the corporate income tax collected at a reduced rate. 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. |