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CIRCULAR OF THE STATE ADMINISTRATION OF TAXATION CLARIFYING THAT FOREIGN-FUNDED ENTERPRISES ENGAGING IN TOUR & SIGHTSEEING CABLE CAR AND CABLEWAY SERVICES ARE NOT PRODUCTIVE ENTERPRISES |
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(No.36 [2003] of the State Administration of Taxation promulgated on March 28, 2003) |
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SUBJECT : CORPORATE TAX; TOUR & SIGHTSEEING CABLE CAR AND CABLEWAY SERVICES; PRODUCTIVE ENTERPRISES |
ISSUING DEPARTMENT : STATE ADMINISTRATION OF TAXATION |
ISSUE DATE : 03/28/2003 |
IMPLEMENT DATE : 03/28/2003 |
LENGTH : 149 words |
TEXT : |
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We have known that some localities have taken the foreign-funded enterprises engaging in tour & sightseeing cable car and cableway services as productive foreign-funded enterprises, and granted the corresponding preferential taxation treatments to such enterprises. For the purpose of correct enforcement of tax laws, we hereby make the clarification as follows:
According to Article 72 of the Implementation Rules for the Law of the People's Republic of China on the Income Tax of Foreign-Funded Enterprises and Foreign Enterprises on the scope of productive enterprises, the foreign-funded enterprises engaging in tour & sightseeing cable car and cableway services are not productive enterprises. With respect to those that have been regarded as productive foreign-funded enterprises and been granted preferential taxation treatments, the taxation administrations shall, within 3 months from the receipt of this Circular, demand the taxes that have been deducted or exempted correspondingly, but shall not collect any overdue penalties.
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