Exploration On The Implementation Of The New Enterprise Income Tax Law Effecting On Domestic And Foreign Enterprises

The Enterprise Income Tax Law of the People's Republic of China was promulgated effective as of 1 January 2008.Taxpayer,before-tax deductions,tax rate,Preferential Tax Treatment and Administration of Tax Levying and Collection are adjusted under the New Enterprise Income Tax Law,which will have important effect on domestic and foreign Enterprises.There are less detailed studies of the New Enterprise Income Tax Law effecting on domestic and foreign enterprises due to very short time of the implementation.Taking specific cases as example,this thesis compared the differences systematically between previous Enterprise Income Tax Law and the new one.Then I analyze the implementation of the New Enterprise Income Tax Law effecting on domestic and foreign Enterprises and point out its disadvantages.I hope that the readers can understand the New Enterprise Income Tax Law and the differences between the previous one and the new one deeply,which will be helpful to business management and Taxation planning in the future.