Laws of the People's Republic of China

The State Council

Circular of the State Council on Expanding the Scope of Application of the Regulations on Taxation Preferential Terms for Enterprises with Foreign Investment Engaging in Energy and Transportation Infrastructure Projects

GuoFa [1999] No.13

July 2, 1999

The people's governments of various provinces, autonomous regions, municipalities directly under the Central Government, each ministry and commission and each directly subordinate institution under the State Council:

In order to encourage enterprises with foreign investment to engage in energy and transportation infrastructure projects, and to promote economic development of the middle and western regions, the State Council, in accordance with the relevant provisions of the Income tax Law of the People's Republic of China for Enterprises with Foreign Investment and Foreign Enterprises, has decided to expand the scope of application of the regulations on taxation preferential terms for enterprises with foreign investment engaged in energy and transportation infrastructure projects. The circular is made as follows:

From January 1, 1999,production-oriented enterprises with foreign investment engaged in energy and transportation infrastructure projects , as stipulated in Item 3 of Item 1 of Clause 1 of Article 73 of the Rules for the Implementation the Income tax Law of the People's Republic of China for Enterprises with Foreign Investment and Foreign Enterprises, may have its enterprise income tax levied at a reduced tax rate of 15% after the approval of the State Administration of Taxation, should be expanded to all over the country for implementation.