Interpretation of the Changes in the Newly Released China Deed Tax Law
Q: |
Does the limited company require to file the tax return during the suspension of business? |
A: |
If the company suspends the business, the company is not required to file the business tax, however, the corporate income tax should be filed annually.
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Q: |
When should the company apply for the suspension of business at the government department when the company decides to suspend the business? |
A: |
If the company suspends the business for more than one month, the company should apply for the suspension within 15 days before or after the suspension.
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Q: |
If the period of suspension is about to expire, could the company apply for an extension? |
A: |
The Taiwan Company that decides to continue to suspend their business, they could apply for extension 15 days before the end of the period.
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Q: |
Is there any limitation of the number of times for the company to apply for the extension of suspension? |
A: |
There is no limitation for the number of times of extension, the business person could rest until a suitable period and resume the business.
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Q: |
When the company applies for the suspension of business, does the company will still need to file the business tax of the current period? |
A: |
The Taiwan Company that suspends the business should file the business tax return of the current period, no matter there are profit or loss. |