摘要
IF Property Law stipulations have a bearing on the interests of every citizen, the Corporate Income Tax Law is of undoubted interest to all enterprises on Chinese soil. Preferential policies regarding the low rate of income tax paid by foreign-funded enterprises in the late 1970s have now been invalidated by an equal treatment policy. This means that domestic and foreignfunded enterprises may now compete on an equal footing.
The standardization of corporate income tax rates does not mean cancellation of preferential policies,but a change from regional to industrial preference.
