The notice issued by the Ministry of Finance and the State Administration of Taxation stipulates that the income obtained by the securities investment fund from the securities market, including the difference between buying and selling stocks and bonds, the dividends of the shares, the dividend income, the interest income of the bonds and other income, are not levied temporarily. Corporate income tax; corporate income tax is not levied on the income obtained by investors from the distribution of securities investment funds; corporate income tax is temporarily levied on the difference income of securities investment fund managers using funds to buy and sell stocks and bonds.
The notice also stipulates the preferential income tax for high-tech enterprises, such as the implementation of VAT on software manufacturing enterprises. The tax refunded by the enterprise shall be used for research and development of software products and expansion of reproduction. It shall not be regarded as taxable income of enterprise income tax, and enterprise income tax shall not be levied; after the newly established software production enterprise in China is recognized, it shall be the first from the profit-making year. Corporate income tax is exempted for the year and the second year, and corporate income tax is halved for the third to fifth years.
The notice also stipulates that in order to ensure the continuity of the implementation of tax incentives for some industries and enterprises, the reform of enterprises related to employment and re-employment, the Olympic Games and the World Expo, social welfare, debt-for-equity swaps, liquidation, restructuring, restructuring, restructuring, etc. Enterprises in the agricultural and national reserves continue to implement preferential income tax policies.
The notice also pointed out that the accumulated undistributed profits formed by foreign-invested enterprises before January 1, 2008 will be exempted from corporate income tax after being distributed to foreign investors after 2008; the new profits of foreign-invested enterprises will be allocated to 2008 and beyond. For foreign investors, the enterprise income tax shall be paid according to law.
The notice also stipulates the preferential income tax for high-tech enterprises, such as the implementation of VAT on software manufacturing enterprises. The tax refunded by the enterprise shall be used for research and development of software products and expansion of reproduction. It shall not be regarded as taxable income of enterprise income tax, and enterprise income tax shall not be levied; after the newly established software production enterprise in China is recognized, it shall be the first from the profit-making year. Corporate income tax is exempted for the year and the second year, and corporate income tax is halved for the third to fifth years.
The notice also stipulates that in order to ensure the continuity of the implementation of tax incentives for some industries and enterprises, the reform of enterprises related to employment and re-employment, the Olympic Games and the World Expo, social welfare, debt-for-equity swaps, liquidation, restructuring, restructuring, restructuring, etc. Enterprises in the agricultural and national reserves continue to implement preferential income tax policies.
The notice also pointed out that the accumulated undistributed profits formed by foreign-invested enterprises before January 1, 2008 will be exempted from corporate income tax after being distributed to foreign investors after 2008; the new profits of foreign-invested enterprises will be allocated to 2008 and beyond. For foreign investors, the enterprise income tax shall be paid according to law.
Aojin Hose Clamp Factory , http://www.tjhoseclamp.com