No CIT incentives on income from sale of property

15-Jan-2005 Intellasia | 6/Jan/2005 general Department of Taxation | 5:14 PM Print This Post

From January 1, 2004, businesses’ earnings from selling houses and transferring land use rights are subject to corporate income tax. Under Official Letter 54 TCT/PCCS dated January 1, 2005 of the general Department of Taxation, these incomes are not allowed to apply the policy on corporate income tax incentives in accordance with other business activities of businesses.
[Official Letter 54 TCT/PCCS dated January 1, 2005]

 

Category: Legal

Print This Post

Comments are closed.

«
»