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01/08/2010
In order to encourage services to be outsourced by overseas to Chinese enterprises, on July 28, 2010, the PRC State Administration of Taxation, Ministry of Commerce and Ministry of Finance jointly issued the tax circular Caishui [2010] No. 64, titled Notice on Business Tax Exemption for Offshore Service Outsourcing in Selected Cities.
Starting from July 1, 2010 till December 31, 2013, enterprises registered in 21 selected cities can be exempted from BT for their revenue earned from their foreign customers for providing certain services. These 21 cities are Beijing, Tianjin, Dalian, Harbin, Daqing, Shanghai, Nanjing, Suzhou, Wuxi, Hangzhou, Hefei, Nanchang, Xiamen, Jinan, Wuhan, Changsha, Guangzhou, Shenzhen, Chongqing, Chengdu and Xi’an.
Please access the Newsletter below to read more.
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