Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
20 January 2009
Dear Sirs,
Commercial Information Circular No. 46/2009
The Mainland of China : Notice Concerning Issues Relating to Deduction of Wages, Salaries and Expenses on Employees' Welfare by Enterprises
The State Administration of Taxation has recently issued a notice to clarify issues relating to corporate income tax deduction of wages, salaries and expenses on employee's welfare by enterprises, including the definition of rational expenses on wages and salaries, definition of total wages and salaries, accounting for expenses on employee's welfare, etc. A copy of the notice is attached at Appendix (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 Crystal YAN)
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. |