Income Tax Law.

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  • Additional Information
    • Subject Terms:
      CHINA
    • Subject Terms:
      CHINA. National People's Congress
    • Abstract:
      The article discusses the content of the People's Republic of China (PRC) Enterprise Income Tax Law passed by the PRC National People's Congress on March 16, 2007 that takes effect on January 1, 2008. The law states that the general enterprise income tax rate of 25% will apply to foreign-invested enterprises and to domestic enterprises. It also opens an opportunity for exemptions and reductions in the withholding tax rate.