National key construction bonds issued by the State Planning Commission and financial bonds approved by the People's Bank of China shall be taxed according to regulations. The interest earned by enterprises from purchasing government bonds issued by the Ministry of Finance is not subject to enterprise income tax. (Excerpted from Caishuizi [1995] No.81)
Handling of deposit interest during the freezing period of subscription funds. The deposit interest during the freezing period of subscription funds of investors who successfully subscribe for new shares (win lots) in joint-stock companies is regarded as the income from stock premium issuance and is not incorporated into the total profits of the company to collect enterprise income tax. The interest on the deposit during the period when the subscription funds obtained by the joint-stock company are invalid (unsuccessful) and the investors are frozen shall be incorporated into the total profits of the company. If the amount is relatively large, it can be transferred evenly within a five-year period, and enterprise income tax will be levied according to law. If the deposit interest obtained by a joint-stock company during the period when the investor's subscription funds for new shares are frozen cannot be accurately divided between the successful bidder and the invalid investor, it will be incorporated into the company's total profit and enterprise income tax will be levied according to law. (Excerpted from Caishuizi [1997]No. 13)
Tips: The above contents are for reference only.
Reply time: 2021-11-09. Please refer to the latest business changes announced by Ping An Bank in official website.