In order to thoroughly implement Scientific Outlook on Development and further improve the quality and efficiency of enterprise income tax collection and management, with the consent of the State Council, we hereby notify you of the adjustment of the scope of enterprise income tax collection and management newly established after 2009 as follows:
Basic provisions: Taking 2008 as the base year, the enterprise income tax payers managed by the State Taxation Bureau and the Local Taxation Bureau respectively will not be adjusted before the end of 2008. Among the new corporate income tax payers since 2009, the corporate income tax of enterprises that should pay value-added tax is managed by State Taxation Administration of The People's Republic of China; The enterprise income tax subject to business tax shall be managed by the local taxation bureau.
At the same time, since 2009, the scope of income tax collection and management of the following new enterprises shall be implemented in accordance with the following provisions:
(1) The enterprise income tax of enterprises with total enterprise income tax in the central government and enterprises that pay business tax in the State Taxation Bureau shall be managed by the State Taxation Bureau.
(2) The enterprise income tax of banks (credit cooperatives) and insurance companies shall be managed by the State Taxation Bureau, and the enterprise income tax of other financial enterprises except the above provisions shall be managed by the local taxation bureau.
(3) The enterprise income tax of foreign-invested enterprises and resident representative offices of foreign enterprises is still managed by the State Taxation Bureau.
In addition to the products specified in the original design, the income from products produced by extended information enterprises with the resources in the Catalogue of Comprehensive Utilization of Resources as the main raw materials in the production process, and the income from building materials products produced by enterprises with a large number of coal gangue, slag and fly ash as the main raw materials, shall be exempted from income tax for five years from the date of production and operation;
Enterprises listed in the catalogue of comprehensive utilization of resources may, with the approval of the competent tax authorities, reduce or exempt income tax 1 year.
Baidu Encyclopedia-Enterprise Income Tax