Taxation
Updated : 2015-06-10
Situations on Foreign-funded enterprises applying for an extension to pay taxes
According to Chinese law, the taxpayer with special difficulties cannot pay taxes on schedule, approved by the state tax bureau or local taxation bureaus from provinces, autonomous regions or municipalities directly under the central government, can delay paying tax, but the longest term must not exceed 3 months.
Special difficulties refer to: 1) due to force majeure, causing a large loss for taxpayers whose normal production and business operation activities are affected a lot; 2) the current monetary fund is not enough to pay taxes after deducting worker wages and social insurance premium.
