China alert - Issue 8, May 2012
The State Administration of Taxation (SAT) issued Announcement  No. 12 (Announcement 12) on 6 April 2012, clarifying various implementation issues with the Corporate Income Tax (CIT) incentives stipulated in Cai Shui  No.58 (Circular 58) related to the implementation of the western region development strategy. For details of Circular 58, please refer to China alert 2011 Issue 28.
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