WRITTEN REPLY TO THE QUESTION CONCERNING CONFIRMATION OF ENTER-PRISES ENGAGING IN THE LAND-LEVELLING BUSINESS FOR LAND DEVELOPMENT ANDHOUSING CONSTRUCTION

WRITTEN REPLY TO THE QUESTION CONCERNING CONFIRMATION OF ENTER-PRISES ENGAGING IN THE LAND-LEVELLING BUSINESS FOR LAND DEVELOPMENT ANDHOUSING CONSTRUCTION (State Administration of Taxation: 6 July 1994 Coded Guo Shui HanFa [1994] No. 388) Whole Doc.

To the Shanxi Provincial Tax Bureau: The Xian Municipal Tax Bureau of your province asked the question as to whether or not enterprise with foreign investment specializing in the business of land-levelling business for land development and housing construction can enjoy preferential taxation treatment as granted to productive enterprise with foreign investment, after study we hereby clarify the issue as follows: Enterprise with foreign investment specialize in land- levelling business for land development and housing construction may be regarded as construction enterprises as stipulated in Section (7), Clause 1, Article 72 of the Detailed Rules for Implementation of the Income Tax Law of the People's Republic of China on enterprise with foreign investment and Foreign Enterprises to which the preferential taxation policy for productive enterprise with foreign investment shall be applied.