close
Share with your friends

MoF and SAT clarify Corporate Income Tax deduction rules for advertising and promotional expenses

MoF and SAT clarify Corporate Income Tax deductio...

China alert - Issue 14, June 2012   The Ministry of Finance (MoF) and the State Administration of Taxation (SAT) jointly issued Cai Shui [2012] No. 48 (Circular 48) on 30 May 2012, setting out the Corporate Income Tax (CIT) deduction rules for advertising and promotional expenses (A&P expenses) in certain industries or under certain business arrangements. Circular 48 provides that the deduction rules for A&P expenses contained in Cai Shui [2009] No.72 (Circular 72) regarding selected industries will basically continue to apply; however, the deduction rules for allocated A&P expenses under certain arrangements have been adjusted. The CIT deduction rules for A&P expenses stipulated in Circular 72 came to an end on 31 December 2010. Circular 48 picks up where Circular 72 left off, taking effect from 1 January 2011 to 31 December 2015.

1000

Related content

MoF and SAT clarify Corporate Income Tax deduction rules for advertising and promotional expenses

© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited  ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.

 

For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.

Connect with us