China’s Ministry of Finance (MOF) and the State Administration of Taxation (SAT), issued a circular on April 24, 2009, regarding the implementation on preferential enterprise income tax policies.
Under the Circular, if enterprises entitled to the transitional preferential enterprise income tax policies combine, split or reconstruct, they shall comply with the Circular of the Ministry of Finance and the State Administration of Taxation on the Several Issues Concerning the Enterprise Income Tax Settlement of Enterprises’ Reconstruction (Cai Shui [2009] No. 59).
The Circular shall take effect as of January 1, 2008.
(Source: State Administration of Taxation)
