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	SUPPLEMENTARY NOTICE OF THE STATE ADMINISTRATION OF TAXATION, PEOPLE'S BANK OF CHINA AND MINISTRY OF EDUCATION CONCERNING THE MEASURES OF THE IMPLEMENTATION OF EXEMPTION OF INDIVIDUAL INCOME TAX FROM THE INTEREST INCOME FROM EDUCATIONAL SAVINGS DEPOSITS

	(No. 155 [2005] of the State Administration of Taxation promulgated on September 30, 2005 and shall come into force as of December 1, 2005)


SUBJECT : INDIVIDUAL INCOME TAXES; EXEMPTION; INTEREST INCOME FROM EDUCATIONAL SAVINGS DEPOSITS
ISSUING DEPARTMENT : STATE ADMINISTRATION OF TAXATION, THE PEOPLE'S BANK OF CHINA, MINISTRY OF EDUCATION OF PRC
ISSUE DATE : 09/30/2005
IMPLEMENT DATE : 12/01/2005
LENGTH : 234 words
TEXT :

For the purpose of better implement the Notice of the State Administration of Taxation, People's Bank of China, and the Ministry of Education on Printing and Distributing the Measures for the Implementation of Exemption of Individual Income Tax from the Interest Income from Educational Savings Deposits (No. 148 [2005] of the State Administration of Taxation) (hereinafter referred to the Implementation Measures), a supplementary notice about some relevant issues is hereby given as follows:

I. The date of entry into force of the Implementation Measures is postponed to December 1, 2005.

II. The relevant certification documents, which are offered by the depositors to the banks handling educational deposits according to the requirements of the Notice of the People's Bank of China about Printing and Distributing the Administrative Measures for Educational Deposit (No. 102 [2000] of the People's Bank of China, remain valid until December 1, 2005.

III. The state taxation bureaus and education departments or bureaus of all the provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning, all the branches and the business departments of the People's Bank of China, the central sub-branches of the capital cities of all the provinces and the headquarters of all the commercial banks shall carefully do well the publicity and explanation work and shall report the new situations and new problems arising during the implementation course to the superior departments without delay.