(Ministry of Finance 19 January 1993, 93 Code Finance and TaxationNo. 003)
(Ministry of Finance 19 January 1993, 93 Code Finance and TaxationNo. 003)
Whole Doc.
To the tax bureaus of various provinces, autonomous regions and
municipalities, the tax bureaus of cities with separate planning, and
sub-bureaus of offshore oil tax administrative bureau:
In order to accelerate the development of the production of daily-use
machinery, electrical appliances and electronic products by enterprise
with foreign investment, and embody the principle of fair tax burden and
reasonable responsibility, a decision is hereby made after study to reduce
consolidated industrial and commercial tax to some daily-use machinery,
electrical appliances and electronic products produced by foreign-funded
enterprises. The reduced tax rates are as follows:
----------------
Bicycles 10%
Electric fans 8%
Cameras 7%
Tape recorders, playback machines 5%
Radios, audio power amplifiers 5%
Gramophones 5%
Phonerecords 5%
----------------
This Notice goes into effect as of January 1, 1993. If past
stipulations are inconsistent with this Notice, the matter shall be
handled in accord with this Notice. After unified tax reduction, the
various localities shall no longer report to the higher level for approval
of tax reduction and exemption from the above-mentioned products.
8%
Cameras 7%
Tape recorders, playback machines 5%
Radios, audio power amplifiers 5%
Gramophones 5%
Phonerecords 5%
----------------
This Notice goes into effect as of January 1, 1993. If past
stipulations are inconsistent with this Notice, the matter shall be
handled in accord with this Notice. After unified tax reduction, the
various localities shall no longer report to the higher level for approval
of tax reduction and exemption from the above-mentioned products.
|