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Friday, December 03, 1999, updated at 14:51(GMT+8) Business Interest Tax Also to Be Levied On Railway Construction Bonds A document recently published by the State Administration of Taxation pointed out clearly that individuals holding railway construction bonds and obtaining interest therefrom must pay personal income tax according to the Personal Income Tax Law, because these bonds belong to enterprise bonds, not to State treasury bonds issued by the Chinese Ministry of finance, nor to the financial bonds issued with the approval of the State Council. Printer-friendly Version Chinese Version In This SectionSearch Back to top Copyright by People's Daily Online, All rights reserved |
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