Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref : EIC 631/2/7
28 December 2009
Dear Sirs,
Commercial Information Circular No.656/2009
The Mainland of China : Notice Concerning the Management of Corporate Income
Tax for Profits Arising from Equity Transfer for Non-resident Enterprises
The Ministry of Finance and the State Administration of Taxation have recently issued a notice to strengthen the management of corporate income tax for profits arising from equity transfer for non-resident enterprises. The notice takes effect from 1 January 2008. For details, please refer to copy of the notice at Annex (pdf format) (available in Chinese only).
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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. For details of the "Interim Administrative Measures on Withholding Corporate Income Tax at Source for Non-resident Enterprises", please refer to CIC No. 94/2009 dated 19 February 2009. For the "Handling of Certain Issues on Corporate Income Tax Involving Corporate Restructuring", please refer to CIC No. 241/2009 dated 12 May 2009.
ENQUIRIES
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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. |