2010-04-12 15:40:56

Ministry of Finance will address natural disasters such as earthquakes, normal stages of implementation of the extension of tax payment or stop-gap measure.  Including income tax, comoodity tax, business tax, alocohol and tobacco tax of four national taxes, will provide sub-permanent, deferred tax mechanisms, including last year's Morocco typhoon affected households, as long as with proofing documents, in May of this year income tax return also may apply for points, extension of tax. Last  year, due to the cause of global financial tsunami crisis, Ministry of Finance first announced the implementation o the extension of tax measures; a total of more than 10,000 cases filed which estimated in total of 21.2 billion Yuan for income tax deferment. On the 7th of April, Treasury Department will issuance, in the next incident of property damage due to natural disasters who may request authority to grant an extension or installment taxes to these four tax contributions: income tax, sales tax, excise taxes, alcohol and tobacco tax.  Among them, the installment tax payment up to three years, deferred tax is up to three months.  Ministry of Finance stressed that only income tax may have both the installment tax payment and deferred income tax benefits.