| Category | LEGISLATION AND MISCELLANEOUS AFFAIRS | Organ of Promulgation | The Standing Committee of the National People’s Congress | Status of Effect | In Force |
| Date of Promulgation | 1984-09-18 | Effective Date | 1984-09-18 |
Home China Laws 1990 DECISION OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE’S CONGRESS ON AUTHORIZING...
DECISION OF THE STANDING COMMITTEE OF THE NATIONAL PEOPLE’S CONGRESS ON AUTHORIZING THE STATE COUNCIL TO REFORM THE SYSTEM OF INDUSTRIAL AND COMMERCIAL TAXES AND ISSUE RELEVANT DRAFT TAX REGULATIONS FOR TRIAL APPLICATION
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Decision of the Standing Committee of the National People’s Congress on Authorizing the State Council to Reform the System of Industrial |
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(Adopted on September 18, 1984)
The Seventh Meeting of the Standing Committee of the Sixth National
People’s Congress, having considered the proposal of the State Council, has
decided to authorize it to draft regulations relating to taxation and issue
them in the form of drafts for trial application while introducing the
practice according to which state enterprises pay taxes instead of turning
over their profit to the state and in the course of reforming the system of
industrial and commercial taxes. The draft regulations shall be revised in
light of the experience gained through trial application and shall be
submitted to the Standing Committee of the National People’s Congress for
examination. These draft regulations on taxation to be issued by the State
Council for trial application shall not apply to Chinese-foreign equity joint
ventures and enterprises with foreign capital.