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	NOTICE OF THE STATE ADMINISTRATION OF TAXATION REGARDING TAXATION IN NEW "FOREIGN INVESTMENT INDUSTRIES GUIDING CATALOGUE"

	(No.63[2002] of the State Administration of Taxation promulgated on May 30, 2002)


SUBJECT : TAXATION; FOREIGN INVESTMENT INDUSTRIES GUIDING CATALOGUE
ISSUING DEPARTMENT : STATE ADMINISTRATION OF TAXATION
ISSUE DATE : 05/30/2002
IMPLEMENT DATE : 05/30/2002
LENGTH : 278 words
TEXT :

Upon the approval of the State Council, the State Development Planning Commission, the State Economic and Trade Commission and the Ministry of Foreign Trade and Economic Cooperation jointly promulgated, by Order No.21, the new Foreign Investment Industries Guiding Catalogue (hereinafter referred to the Catalogue), which came into force on April 1, 2002, and at the same time, abolish the old Catalogue for Guiding the Industries Using Foreign Investment promulgated by the foregoing commissions and ministry in 1997. The following notice is given concerning the relevant issues of application of the new and old Catalogues involved in the execution of the relevant preferential policies on taxation which encourage foreign investment:

I. As for all the foreign investment projects of which the foreign investment project (including the projects of capital increase) feasibility study reports are approved after April 1, 2002, or the foreign investment projects for which no approval for the feasibility study reports is required and of which the contracts, articles of association or applications for capital increase are approved by the department of examination and approval after April 1, 2002, the list of encouraged industries shall be determined according to the new Catalogue. Among the foregoing projects, the foreign investment projects determined as encouraged categories according to the new Catalogue may apply the present preferential policies on taxation for the encouraged projects.

II. In order to keep the consistency of policies, as for the foreign investment projects approved before April 1, 2002, those that were determined the foreign investment projects of encouraged categories or restricted B categories may continue enjoying the present preferential policies on taxation applicable to the encouraged categories or restricted B categories.