| Category | TAXATION | Organ of Promulgation | The State Council | Status of Effect | In Force |
| Date of Promulgation | 1999-07-02 | Effective Date | 1999-01-01 |
CIRCULAR OF THE STATE COUNCIL ON EXPANDING THE SCOPE OF APPLICATION OF THE REGULATIONS ON TAXATION PREFERENTIAL TERMS FOR FOREIGN-FUNDED ENTERPRISES ENGAGED IN ENERGY AND TRANSPORTATION INFRASTRUCTURE PROJECTS
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Circular of the State Council on Expanding the Scope of Application of the Regulations on Taxation Preferential Terms for Foreign-funded |
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(Issued by the State Council on July 2, 1999)
In order to encourage foreign-funded enterprises to engage in energy and transportation infrastructure projects,
and to promote economic development of the middle and western regions, the State Council, in accordance with the relevant provisions of the Income tax Law of the People’s
Republic of China for Foreign-funded Enterprises and Foreign Enterprises, has decided to expand the scope of application of the regulations
on taxation preferential terms for foreign-funded enterprises engaged in energy and transportation infrastructure projects. The circular
is made as follows:
From January 1, 1999 on, the provisions, as stipulated in Item 3 of Article 73(1)(1) of the Detailed Rules
for Implementing the Income tax Law of the People’s Republic of China for Foreign-funded Enterprises and Foreign Enterprises, on
production-oriented foreign-funded enterprises engaged in energy and transportation infrastructure projects may have its enterprise
income tax levied at a reduced tax rate of 15% after the approval of the State General Administration of Taxation, should be expanded
to all over the country for implementation.