How are taxpayers defined in the "Enterprise Income Tax Law"?
According to the Enterprise Income Tax law, taxpayers in this law are categorized into two groups: foreign investment enterprises and foreign enterprises. The term "foreign investment enterprises " includes Chinese-foreign equity joint ventures, Chinese-foreign contractual joint ventures and wholly-foreign-owned enterprises, all of which are incorporated in China. The term "foreign enterprises" in this Law means foreign companies, enterprises and other economic bodies which have set up organizations dealing in production or business operations in China, or enterprises and other economic bodies which do not have such organizations in China but receive income originating from China.
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