Notice on 2009 Annual CIT Declaration

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Jun. 1 – The State Administration of Taxation recently issued a notice regarding the 2009 annual corporate income tax declaration to effectively implement the new CIT law and ensure tax payment.

The tax policy adjustment over CIT in Guoshuihan [2010] No. 249, issued on May 28, states that a small number of taxpayers can declare their corporate income tax payments, including the previous tax payment, to the local tax authorities before December 31, 2010, and no delay fee will be imposed.

Local tax authorities shall follow relevant procedures to file back tax refunds to enterprises in a timely manner in accordance with the new CIT law as well as the “Enterprise Income Tax Final Settlement Regulations” (Guoshuifa [2009] No. 79) and “Corporate Income Tax Final Settlement Notice” (Guoshuihan [2010] No. 148).

For more information on China’s corporate income taxes or for advice on filing a tax return, please contact Dezan Shira & Associates at