This is the first Issue of our Grant Thornton Laws and Regulations Express in 2019. In this article, we summarize provisions of corporates’ income tax policy for those who issued perpetual debt and the related policy was issued by MoF(Ministry of Finance) and State Administration Taxation on April 25.
 
The perpetual debt was examined and approved by authorities such as National Development and Reform Commission, People’s Bank of China, China Banking Regulatory Commission (CBRC) and China Securities Regulatory Commission(CSRC) and includes renewable corporate bonds, renewable company bonds, sustainable debt financing instruments and open-ended capital bonds.
 
In this article, we will introduce the optional tax treatment and 9 conditions that meet enterprises’ income tax policy according to bond interest for related enterprises to take reference.
 
Please read the Chinese version to learn more.