State Council Circular on tax and other incentives related matters

State Council Circular on tax and other incentives related matters

Guo Fa [2015] No. 25
Provinces, autonomous regions and municipalities, wagons, directly under the agency:
Now on the "State Council on tax and other incentives to clean up standard notice" (Guo Fa [2014] No. 62) involved in matters related to the notice as follows:
First, the same national tax and other preferential policies to put in place one by one.
Second, various localities and departments have issued preferential policies, there is a time limit, according to the prescribed time limit; there is no time limit and is really necessary adjustment by local governments and relevant departments in accordance grasp the rhythm, to ensure that sound principles of a transitional period, continue during the transition period.
Third, local enterprises have signed contracts with preferential policies, continue to be valid; on the part of the redeemed, not retroactive.
Fourth, all localities and departments to develop the future introduction of new incentives, in addition to laws, administrative regulations, the provisions of existing transactions, involving taxation or central approved the establishment of non-tax revenue, should be reported to the State Council for approval to perform; and other local governments after the approval of the relevant departments of the Executive, including arrangements for expenditure generally not pay corporate tax or non-tax revenues linked.
Fifth, special clean-up work, "the State Council on tax and other incentives to clean up standard notice" (Guo Fa [2014] No. 62) provisions, to be conducted in the future after further deployment.
State council
May 10, 2015