Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref. : EIC 631/2/7
26 April 2012
Dear Sirs,
Commercial Information Circular No. 304/2012
The Mainland of China : Notice Concerning the Policy of Corporate Income Tax Pre-tax Deduction of Loan Loss Reserve for SME Credit Guarantee Institutions
The Ministry of Finance and the State Administration of Taxation jointly issued a notice concerning the policy of corporate income tax pre-tax deduction of loan loss reserve for SME credit guarantee institutions. The policy is effective from 1 January 2011 to 31 December 2015. For details, please refer to a copy of the notice at Appendix (pdf format).
2. 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
3. If you have any questions on the content of this circular, please contact Ms. Eugenia CHAN at 2398 5444.
Yours faithfully,
(Bryan KOO)
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. |