Notice of State Administration of Taxation about Tax Exemption for Shipping Companies of Thailand forwarded by Beijing Local Taxation Bureau
Jing Di Shui Fa[2005]No. 153

  
To the local taxation bureau and sub-bureau of each district and county, each department and unit directly under Beijing Local Taxation Bureau:
¡¡¡¡Notice of State Administration of Taxation about Tax Exemption for Shipping Companies of Thailand is hereby forwarded to you, and you should follow and implement it.
Mar 24, 2005

Notice of State Administration of Taxation about Tax Exemption for Shipping Companies of Thailand
Guo Shui Han[2005]No. 134
To state taxation bureau and local taxation bureau of each province, autonomous region, city directly under the Central Government and city directly under State planning:
¡¡¡¡According to the stipulations of Agreement between the Government of the People¡¯s Republic of China and the Government of the Kingdom of Thailand on Avoiding Double Taxation and Preventing Tax Evasion and Agreement between the Government of the People¡¯s Republic of China and the Government of the Kingdom of Thailand on Mutual Exemption Indirect Tax on International Transport Income, shipping companies of Thailand engaged in international transport business will enjoy reduction (by 50%) of taxes on income received within the territory of China, and the business taxes will be reduced by half. The error in ¡°Table of Tax Concession for International Maritime Income¡± attached to Supplementary Notice of State Administration of Taxation and State Administration of Foreign Exchange about Enhancing Management of Maritime Income Taxes of Foreign Shipping Companies and Management of Payments to Foreign Countries in International Maritime Industry (Guo Shui Fa¡²2002¡³No. 107) is hereby corrected. The provisions in this text will become effective on the date when the text is received, and the taxes exempted before such date will not be levied.
Jan 31, 2005