Commercial Information Circulars
24-hour hotline : 23 922 922
e-mail address : enquiry@tid.gov.hk
Ref. : EIC 631/2/7
EIC 631/2/7/1
11 October 2022
Dear Sirs,
Commercial Information Circular No. 788/2022
The Mainland of China : Notice Concerning Tax Policy for Disposal of Foreclosed Assets for Repayment of Distressed Debts by Financial Institutions of the Banking Industry and Financial Asset Management Companies
The Ministry of Finance and the State Taxation Administration jointly issued on 30 September 2022 the "Notice Concerning Tax Policy for Disposal of Foreclosed Assets for Repayment of Distressed Debts by Financial Institutions of the Banking Industry and Financial Asset Management Companies", which took effect from 1 August 2022 to 31 July 2023. Please refer to the Appendix (pdf format) for the notice (available in Chinese only).
ENQUIRIES
2.If you have any questions on the content of the document mentioned in this circular, please contact the issuing authority of the Mainland of China direct. For other questions on this circular, please contact Mainland Branch (I) (tel: 2398 5444) of the Department.
Yours faithfully,
(Miss Bonny CHAO)
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.