SAT Simplifies Administrative Procedure for Resident Enterprises to Apply Preferential EIT Treatment
Tax Newsflash:December 2, 2015/China
On 20 November 2015, China’s State Administration of Taxation (“SAT”) published a new tax bulletin (Bulletin  No. 76 (Bulletin 76)) on its website that provides guidance on how resident enterprises may claim preferential enterprise income tax (“EIT”) treatment following the elimination of many advance approval/registration requirements for claiming preferential treatment in other recent guidance. (Tax Newsflash:December 2, 2015/China)
Bulletin 76 generally applies to annual EIT filings for 2015 and subsequent years.
This newsletter explains the following topics:
(2) Highlights of Bulletin 76
(3) Deloitte’s comments
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