1991.03.06
STATE COUNCIL OF CHINA
1) the portion not exceeding 15 percent of the bonus taken from the
retained net income from technology transfer, technical consultancy,
technical services and technical trainings;
(2) for enterprises exporting new and high technology products, the
portion of bonus awarded to staffs and workers not exceeding the amount
equivalent to one and half monthly standard salaries and taken from
export bonus fund according to the State provisions;
(3) other individual tax-free bonuses which comply with the State
provisions. Concerning the amount of annual per capita tax-free bonus,
if the total amount of Items (1) and (2) does not exceed two and half
standard monthly salaries, the bonus tax shall be levied after the above
amount is deducted from the annual bonus. If the amount exceeds two and
half standard monthly salaries, the bonus tax shall be levied after the
actual tax-free bonus is deducted from the annual total bonus.
Article 11 Newly constructed buildings for technology development and
production and business operations built with self-raised funds by
development zone enterprises established with domestic investments shall
be subject to or exempted from construction tax (or investment direction
regulatory tax) according to the industrial policies of the State.
Article 12 All loans of development zone enterprises shall be reimbursed
after the income tax is levied.
Article 13 Non-development zone enterprises in the development zones
shall act on the existing tax policy of the State instead of these
Provisions. For enterprises previously acknowledged and determined as
development ones, which have undergone changes and no longer conform to
the requirements and standards for development zone enterprises, these
Provisions shall no longer apply.
Article 14 Previously enacted tax policies which contravene these
Provisions shall, without exception, be abolished and superseded by
these Provisions.
Article 15 The State Tax Bureau shall be responsible for the
interpretation of these Provisions.
Article 16 These Provisions shall be put into effect as of the date of
approval by the State Council.
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