企业所得税法英文版讲解学习.doc

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1、Good is good, but better carries it.精益求精，善益求善。企业所得税法英文版-TheLawofthePeoplesRepublicofChinaonEnterpriseIncomeTax中华人民共和国企业所得税法OrderofthePresident2007No.6316March,2007(Adoptedatthe5thSessionofthe10thNationalPeoplesCongresson16March2007,promulgatedbyOrderNo.63ofthePresidentofthePeoplesRepublicofChinaande

2、ffectiveasof1January2008)TableofContentChapterOne:GeneralProvisionsChapterTwo:TaxableIncomeChapterThree:PayableTaxChapterFour:PreferentialTaxTreatmentChapterFive:TaxWithheldatSourceChapterSix:SpecialTaxPaymentAdjustmentChapterSeven:AdministrationofTaxLevyingandCollectionChapterEight:SupplementaryPro

3、visionsChapterOne:GeneralProvisionsArticle1:TaxpayersofenterpriseincometaxshallbeenterprisesandotherorganizationsthatobtainincomewithinthePeoplesRepublicofChina(hereinafterreferredtoas“Enterprises”)andshallpayenterpriseincometaxinaccordancewiththeprovisionsofthisLaw.ThisLawshallnotapplytowhollyindiv

4、idually-ownedenterprisesandpartnershipenterprises.Article2:Enterprisesaredividedintoresidententerprisesandnon-residententerprises.ForthepurposesofthisLaw,theterm“residententerprises”shallrefertoEnterprisesthataresetupinChinainaccordancewiththelaw,orthataresetupinaccordancewiththelawoftheforeigncount

5、ry(region)whoseactualadministrationinstitutionisinChina.ForthepurposesofthisLaw,theterm“non-residententerprises”shallrefertoEnterprisesthataresetupinaccordancewiththelawoftheforeigncountry(region)whoseactualadministrationinstitutionisoutsideChina,buttheyhavesetupinstitutionsorestablishmentsinChinaor

6、theyhaveincomeoriginatingfromChinawithoutsettingupinstitutionsorestablishmentsinChina.Article3:ResidententerprisesshallpayenterpriseincometaxoriginatingbothwithinandoutsideChina.Non-residententerprisesthathavesetupinstitutionsorpremisesinChinashallpayenterpriseincometaxinrelationtotheincomeoriginati

7、ngfromChinaobtainedbytheirinstitutionsorestablishments,andtheincomeincurredoutsideChinabutthereisanactualrelationshipwiththeinstitutionsorestablishmentssetupbysuchenterprises.Wherenon-residententerprisesthathavenotsetupinstitutionsorestablishmentsinChina,orwhereinstitutionsorestablishmentsaresetupbu

8、tthereisnoactualrelationshipwiththeincomeobtainedbytheinstitutionsorestablishmentssetupbysuchenterprises,theyshallpayenterpriseincometaxinrelationtotheincomeoriginatingfromChina.Article4:Therateofenterpriseincometaxshallbe25%.Non-residententerprisesthathaveobtainedincomeinaccordancewiththeprovisions

9、ofParagraphThreeofArticle3hereof,theapplicabletaxrateshallbe20%.ChapterTwo:TaxableIncomeArticle5:ThebalancederivedfromthetotalincomeineachtaxableyearofEnterprises,afterdeductionofthenon-taxableincome,taxexemptedincome,otherdeductionsandthemakingupoflossesofpreviousyearsshallbethetaxableincome.Articl

10、e6:IncomeobtainedbyEnterprisesfromvarioussourcesinmonetaryandnon-monetarytermsshallbethetotalincome,including:1.incomefromsaleofgoods;2.incomefromprovisionoflabourservices;3.incomefromtransferofproperty;4.incomefromequityinvestmentsuchasdividendandbonus;5.interestincome;6.rentalincome;7.incomefromro

11、yalties;8.incomefromdonations;and9.otherincome.Article7:Thefollowingincomefromthetotalincomeshallnotbetaxable:1.financialfunding;2.administrativefeesandgovernmentfundsobtainedandincludedinfinancialmanagementinaccordancewiththelaw;and3.othernon-taxableincomeprescribedbytheStateCouncil.Article8:Reason

12、ableexpensesthatarerelevanttotheincomeactuallyincurredandobtainedbyEnterprises,includingcosts,fees,taxpayments,lossesandotherfeesmaybedeductedfromthetaxableincome.Article9:InrelationtotheexpensesfromcharitabledonationsincurredbyEnterprises,theportionwithin12%ofthetotalannualprofitmaybedeductedfromth

13、etaxableincome.Article10:Thefollowingexpensesmaynotbedeductedfromthetaxableincome:1.incomefromequityinvestmentpaidtoinvestorssuchasdividendandbonus;2.paymentofenterpriseincometax;3.latepaymentfines;4.penalties;finesandlossesfromconfiscatedproperty;5.expensesfromdonationsotherthanthoseprescribedinArt

14、icle9hereof;6.sponsorshipfees;7.expensesfornon-verifiedprovisions;and8.otherexpensesirrelevanttotheincomeobtained.Article11:WhereEnterprisescomputethetaxableincome,thedepreciationoffixedassetscalculatedinaccordancewithprovisionsmaybededucted.Nodepreciationmaybedeductedforthefollowingfixedassets:1.fi

15、xedassetsotherthanpremisesandbuildingsthathavenotyetbeenused;2.fixedassetsleasedfromotherpartiesbymeansofbusinesslease;3.fixedassetsleasedtootherpartiesbymeansofleasefinancing;4.fixedassetsthathavebeendepreciatedinfullbutarestillinuse;5.fixedassetsthatareirrelevanttobusinessactivities;6.landcredited

16、asfixedassetsafterindependentpricevaluation;7.otherfixedassetswhosedepreciationmaynotbecalculated.Article12:InEnterprisescomputethetaxableincome,theamortizationofintangibleassetscalculatedinaccordancewithprovisionsmaybededucted.Theamortizationofthefollowingintangibleassetsmaynotbededucted:1.thefeesf

17、orselfdevelopmentofintangibleassetsthathavebeendeductedfromthetaxableincome;2.self-createdgoodwill;3.intangibleassetsthatareirrelevanttobusinessactivities;and4.otherintangibleassetswhoseamortizationfeemaynotbecalculated.Article13:WhereEnterprisescalculatetaxableincome,thefollowingexpensesincurredbyE

18、nterprisesaslong-termfeestobeamortizedandthatareamortizedinaccordancewithprovisionsmaybededucted:1.reconstructionexpensesforfixedassetsthathavebeendepreciatedinfull;2.reconstructionexpensesforfixedassetsleasedfromotherparties;3.heavyrepairexpensesoffixedassets;and4.otherexpensesthatshallbetreatedasl

19、ong-termamortizationfees.Article14:DuringtheperiodwhenEnterprisesinvestoutsidetheterritory,thecostofinvestmentinassetsmaynotbedeductedfromthetaxableincome.Article15:TheinventoryusedorsoldbyEnterpriseswhosecostiscalculatedinaccordancewithprovisionsmaybedeductedfromthetaxableincome.Article16:WhereEnte

20、rprisestransferassets,thenetvaluethereofmaybedeductedfromthetaxableincome.Article17:WhereEnterprisescomputetheconsolidatedenterpriseincometax,thelossesofbusinessinstitutionsoutsidetheterritorymaynotbeoffsetbytheprofitsofbusinessinstitutionsinsidetheterritory.Article18:Wherethereisalossinataxableyear

21、ofEnterprises,itmaybebroughtforwardtothesucceedingyearsandmadeupbytheincomeofsucceedingyears,butthelimitofbringingforwardmaynotexceedfiveyears.Article19:Wherenon-residententerprisesobtainincomeprovidedinParagraphThreeofArticle3hereof,thetaxableincomeshallbecalculatedinaccordancewiththefollowingmetho

22、ds:1.incomefromequityinvestmentsuchasdividendandbonusandinterestincome,rentalincomeandroyalties,thetotalincomeshallbethetaxableincome;2.incomefrompropertytransfer,thebalancederivedfromthedeductionofnetassetvaluefromthetotalincomeshallbethetaxableincome;3.otherincomewhosetaxableincomeshallbecalculate

23、dwithreferencetotheprevioustwomethods.Article20:Theincome,specificscopeandstandardofdeductionandthespecificmethodoftaxationtreatmentofassetsprescribedinthisChaptershallbeprovidedbythedepartmentsinchargeoffinanceandtaxationundertheStateCouncil.Article21:Incomputingthetaxableincome,wherefinancialandac

24、countingtreatmentmethodsofEnterprisesareinconsistentwithtaxlawsandadministrativeregulations,suchtaxableincomeshallbecomputedinaccordancewithtaxlawsandadministrativeregulations.ChapterThree:PayableTaxArticle22:ThetaxableincomeofEnterprisesshallbethebalancederivedfromthetaxableincomeofEnterprisesmulti

25、pliestheapplicablerateandminusthetaxamountoftaxreductionandexemptionpursuanttothepreferentialtaxtreatmenthereof.Article23:TheincometaxthathasbeenpaidoutsidetheterritoryforthefollowingincomeobtainedbyEnterprisesmaybeoffsetfromthepayabletaxofthecurrentperiod.Theoffsetlimitisthepayabletaxcalculatedinac

26、cordancewithprovisionshereofinrespectoftheincomeofsuchitem,theportioninexcessoftheoffsetlimitmaybemadeupbythebalanceoftheoffsetamountofthecurrentyearoutoftheannualoffsetlimitwithinthenextfiveyears:1.ThetaxableincomeoriginatingoutsideChinabyresidententerprises;2.ThetaxableincomeincurredoutsideChinath

27、atisobtainedbyinstitutionsorestablishmentsofnon-residententerprisessetupinChinawithanactualrelationshipwithsuchinstitutionorestablishment.Article24:WhereincomefromequityinvestmentsuchasdividendandbonusoriginatingoutsidetheterritoryofChinaissharedbyforeignenterprisesdirectlyorindirectlycontrolledbyre

28、sidententerprises,theportionundertakenbyforeignenterprisesintheactualincometaxactuallypaidoutsidetheterritorybyforeignenterprisesmaybeoffsetintheoffsetlimitprescribedinArticle23hereofastheincometaxthatmaybeoffsetoutsidetheterritorybysuchresidententerprises.ChapterFour:PreferentialTaxTreatmentArticle

29、25:TheindustriesandprojectswithkeysupportandunderencourageddevelopmentbytheStatemaybegivenpreferentialenterpriseincometaxtreatment.Article26:ThefollowingincomeofEnterprisesshallbetax-exemptedincome:1.incomefrominterestsongovernmentbonds;2.incomefromequityinvestmentincomesuchasdividendandbonusbetween

30、qualifiedresidententerprises;3.incomefromequityinvestmentsuchasdividendandbonusobtainedfromresidententerprisesbynon-residententerprisesthathavesetupinstitutionsorestablishmentsinChinawithanactualrelationshipwithsuchinstitutionsorestablishments;4.incomeofqualifiednon-profitorganizations.Article27:The

31、followingincomemaybesubjecttoexemptedorreducedenterpriseincometax:1.incomefromengaginginprojectsofagriculture,forestry,animalhusbandryandfisheriesbyEnterprises;2.incomefrominvestmentandoperationofinfrastructureprojectswithkeystatesupportsuchashabour,pier,airport,railway,highway,electricityandhydroel

32、ectricitybyEnterprises;3.incomefromengaginginqualifiedprojectsofenvironmentalprotectionandenergyandwaterconservation;4.incomefromqualifiedtransferoftechnologybyEnterprises;and5.incomeprescribedbyParagraphThreeofArticle3hereof.Article28:Small-scaleEnterpriseswithminimalprofitsthatarequalifiedaresubje

33、cttotheapplicableenterpriseincometaxratewithareductionof20%.HighandnewtechnologyEnterprisesthatrequirekeystatesupportaresubjecttotheapplicableenterpriseincometaxratewithareductionof15%.Article29:Theautonomousauthorityofethnicautonomouslocalitymaydecideonthereductionorexemptionoftheportionofenterpris

34、eincometaxsharedbythelocalitythatshallbepaidbyEnterprisesoftheethnicautonomouslocality.Whereanautonomousprefectureorautonomouscountydecidesonthereductionorexemption,theymustreporttothepeoplesgovernmentofprovince,autonomousregionormunicipalitydirectlyunderthecentralgovernmentforapproval.Article30:Wei

35、ghteddeductionmaybecomputedintaxableincomeforthefollowingexpensesofEnterprises:1.researchanddevelopmentfeesincurredbyEnterprisesinthedevelopmentofnewtechnology,newproductsandnewskills;and2.thewagespaidbyEnterprisesforjobplacementofthedisabledandofotherpersonnelencouragedbytheState.Article31:Venturei

36、nvestmententerprisesthatengageinventureinvestmentrequiringkeystatesupportandencouragementmayoffsetthetaxableincomeatacertainratiooftheinvestmentamount.Article32:WherethefixedassetsofEnterprisesactuallyrequireaccelerateddepreciationduetotechnologyadvancement,theyearsofdepreciationmaybeshortenedorthea

37、ccelerateddepreciationmethodmaybeadopted.Article33:TheincomeobtainedbyEnterprisesfromtheproductionofproductsinlinewithstateindustrialpoliciesthroughcomprehensiveuseofresourcesmaybedeductedfromthetaxableincome.Article34:TheinvestmentbyEnterprisesonprocurementofspecialfacilitiesforenvironmentalprotect

38、ion,energyandwaterconservationandsafeproductionmaybesubjecttoanoffsettaxamountatacertainratio.Article35:ThespecificmeasuresofpreferentialtaxtreatmentprescribedbythisLawshallbeformulatedbytheStateCouncil.Article36:WherethereisasignificantimpactonthebusinessactivitiesofEnterprisespursuanttotheneedsofn

39、ationaleconomyandsocialdevelopment,orduetounexpectedpublicincidents,theStateCouncilmayformulatethespecialpreferentialpolicyofenterpriseincometaxandreporttotheStandingCommitteeoftheNationalPeoplesCongressfortherecord.ChapterFive:TaxWithheldatSourceArticle37:Thepayableincometaxfromincomeobtainedbynon-

40、residententerprisesinaccordancewithParagraphThreeofArticle3hereofshallbesubjecttotaxwithheldatsource,withthepayerasthewithholdingagent.Thetaxpaymentshallbewithheldfromtheamountpaidorthepayableamountduefromeachtaxpaymentandpayableamountofthewithholdingagent.Article38:Inrespectofthepayableincometaxfro

41、mincomeobtainedbynon-residententerprisesfromprojectworksandlabourservicesinChina,thetaxauthoritymaydesignatethepayerofprojectpriceorlabourfeeaswithholdingagent.Article39:InrespectoftheincometaxthatshallbewithheldinaccordancewithArticles37and38hereof,wherethewithholdingagenthasnotwithheldorfailstoper

42、formthewithholdingobligationinaccordancewiththelaw,thetaxpayershallpayintheplacewherethetaxisincurred.Wherethetaxpayerdoesnotpayinaccordancewiththelaw,thetaxauthoritymaypursuethepayabletaxamountofsuchtaxpayerfromtheamountpayablebythepayerofotherincomeprojectsinChinaofsuchtaxpayer.Article40:Thewithho

43、ldingagentshallturnthetaxpaymentwithheldtothetreasurywithin7daysfromthedayofwithholding,andsubmitastatementofwithholdingenterpriseincometaxtothetaxauthorityoftheplacewhereitislocated.ChapterSix:SpecialTaxPaymentAdjustmentArticle41:ThebusinesstransactionsbetweenEnterprisesandtheiraffiliatesthatreduce

44、thetaxableincomeorincomeofsuchEnterprisesandtheiraffiliatesnotincompliancewithindependenttransactionprinciple,thetaxationauthorityhastherighttomakeanadjustmentinaccordancewithreasonablemethods.Thecostincurredinjointdevelopmentandtransferofintangibleassets,orjointprovisionandacceptanceoflabourservice

45、sbyEnterprisesandtheiraffiliatesshallbesharedundertheindependenttransactionprincipleincomputingthetaxableincome.Article42:Enterprisesmayreporttothetaxauthoritythepricingprincipleandcalculationmethodofthetransactionsbetweentheiraffiliates.UponnegotiationandconfirmationwiththeEnterprises,thetaxauthori

46、tymayreachtheadvancepricingarrangement.Article43:WhereEnterprisessubmittothetaxauthoritytheannualenterpriseincometaxreturn,theyshallencloseastatementoftheannualbusinesstransactionsbetweenaffiliatesinrespectofthebusinesstransactionsoftheEnterprisesandtheiraffiliates.Wherethetaxauthorityconductsaffili

47、atedbusinessinvestigation,Enterprisesandtheiraffiliates,andotherenterprisesrelevanttotheaffiliatedbusinessinvestigationshallprovidetherelevantinformationinaccordancewithprovisions.Article44:WhereEnterprisesfailtoprovidetheinformationofbusinesstransactionsofaffiliates,orprovidefalseandincompleteinfor

48、mationthatcannotfaithfullyreflecttheactualaffiliatedbusinesstransaction,thetaxauthorityhastherighttoverifyitstaxableincome.Article45:WhereEnterprisescontrolledbyresidententerprisesorresidententerprisesandChineseresidentsinthecountry(region)wheretheactualtaxburdenisobviouslylowerthanthetaxrateprescri

49、bedbyParagraphOneofArticle4hereof,andprofitsarenotdistributedordistributedatareducedrateduetoreasonsotherthanreasonablebusinessneeds,theportionoftheaboveprofitsbelongedtosuchresidententerprisesshallbeincludedintheincomeofsuchresidententerprisesofthecurrentperiod.Article46:Theinterestfeeincurredinexcessoftheprescribedstanda