European Chamber meets Mr. Wang Li, SAT Deputy Commissioner Go back »

2007-06-15 | Beijing

European Chamber meets Mr. Wang Li, SAT Deputy Commissioner

On 13th June the European Chamber and several representatives of the Finance and Taxation Working Group met with Mr. Wang Li, SAT Deputy Commissioner, and several Directors of SAT Departments to have an open discussion on the implementation rules of the Corporate Income Tax Law, whose drafting is now in process.

SAT Deputy Commissioner, Wang Li, welcomed the European Chamber and expressed his willingness to further communicate with the European Industry in China, as well as to take into consideration European concerns and suggestions with regards to the Income Tax Law.

The representatives of the Finance and Taxation Working Group expressed their concerns on the dividend Withholding Tax, expense deduction limitations as well as the general Anti-Avoidance Rule. Furthermore, the members asked for a clarification on the definition of New Technology and High Technology Enterprise, and Super-Deduction for R&D.

The Finance and Taxation Working Group appreciated this opportunity and looks forward to further extending this dialogue with SAT in the future.