NOTICE ON REDUCING CONSOLIDATED INDUSTRIAL AND COMMERCIAL TAX ONSUGAR, BEER AND OTHER PRODUCTS PRODUCED BY ENTERPRISE WITH FOREIGNINVESTMENT
NOTICE ON REDUCING CONSOLIDATED INDUSTRIAL AND COMMERCIAL TAX ONSUGAR, BEER AND OTHER PRODUCTS PRODUCED BY ENTERPRISE WITH FOREIGNINVESTMENT
(Ministry of Finance: 18 March 1993 [93] Code Finance and TaxationNo. 010)
Whole Doc.
To the tax bureaus of various provinces, autonomous regions and
municipalities, to the tax bureaus of various cities with separate
planning, and to various sub-bureaus of offshore oil tax administrative
bureaus:
In order to promote the development of enterprise with foreign
investment, embody the principle of fair tax burden and reasonable
responsibility, after study a decision is taken to reduce consolidated
industrial and commercial tax on the products including sugar and beer
produced by enterprise with foreign investment, the reduced tax rates are
as follows:
---------------
Machine-processedsugar 14%
Beet sugar 5%
Gourmet powder 10%
Canned foods 5%
Beer 25%
Fountain pen with a gold nib
(including spare parts) 18%
Iridium-point pen, ball pen
(including spare parts) 13%
Skin-and hair-care products 25%
Perfumed soap 10%
Soap and medical soap 5%
---------------
This Notice goes into effect on March 1, 1993. If past stipulations
are inconsistent with this Notice, the matter should be handled in
accordance with this Notice. After unified tax reduction, the various
local authorities should no longer approve tax reduction and exemption for
the above-mentioned products.
gold nib
(including spare parts) 18%
Iridium-point pen, ball pen
(including spare parts) 13%
Skin-and hair-care products 25%
Perfumed soap 10%
Soap and medical soap 5%
---------------
This Notice goes into effect on March 1, 1993. If past stipulations
are inconsistent with this Notice, the matter should be handled in
accordance with this Notice. After unified tax reduction, the various
local authorities should no longer approve tax reduction and exemption for
the above-mentioned products.
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