Core Viewpoint - The article discusses the effectiveness of the deferred tax policy for corporate income tax and clarifies that the relevant documents continue to apply, ensuring that foreign investors can still enjoy the deferred tax policy when reinvesting [2][21]. Summary by Sections Deferred Tax Policy - The deferred tax policy allows foreign investors to postpone withholding income tax on profits distributed from Chinese resident enterprises when reinvested in non-restricted foreign investment projects [4][21]. Tax Credit Calculation for Reinvestment - When foreign investors reinvest, the tax credit amount is calculated based on two scenarios: 1. For compliant enterprises, the credit can be calculated at either 10% or a lower rate specified in applicable tax treaties [6][5]. 2. If multiple compliant domestic investments exist, the tax credit must be aggregated by each profit-distributing enterprise [9][8]. Currency Conversion for Reinvestment - If reinvestment is made in currencies other than RMB, the amount should be converted to RMB using the middle exchange rate on the actual payment date to calculate the deferred tax and tax credit [10][11]. Adjustment of Tax Credit Amount - Tax authorities may adjust the tax credit amount if it is found that the foreign investor does not qualify for the tax credit policy, such as when the reinvestment is held for less than five years [12][13]. Understanding "Tax Amount Eligible for Credit" - The tax amount eligible for credit must meet specific conditions, including the type of income and the timing of income acquisition relative to reinvestment [14][15]. Holding Period for Reinvestment - The holding period for reinvestment begins from the month indicated in the "Profit Reinvestment Situation Table" issued by the business authority and ends when the investment is recovered or legal changes are completed [16][17]. Tax Payment Procedures for Recovered Investments - When recovering investments that enjoyed the tax credit policy, foreign investors must distinguish whether they meet the conditions for the tax credit and calculate the tax and penalties accordingly [21][27]. Order of Investment Recovery - The order of recovering investments is determined by the type of investment, prioritizing those that have enjoyed the tax credit policy [30][31]. Tax Payment for Partial Disposal of Investments - If a foreign investor recovers investments before five years, they must pay deferred taxes and proportionally reduce the tax credit amount [36][35]. Handling of Remaining Tax Credit Balances - Tax credits that remain after December 31, 2028, can still be utilized until the balance is zero [48].

Core Viewpoint - The article provides a detailed guide on how to declare and pay the employment security fund for disabled individuals in Ningbo City, emphasizing the importance of accurate data submission and the use of the electronic tax bureau for the process [1][3][4]. Summary by Sections Declaration Process - The declaration period for the employment security fund for disabled individuals starts on September 1 each year, with the current focus on the 2024 payment period [1]. - Employers must first conduct an annual review with the local disabled persons' federation before proceeding with the declaration [3]. - There are two methods for declaration: supplementary declaration and form-filling declaration [4]. Supplementary Declaration - The system pre-fills the previous year's total salary and employee count based on the 2024 corporate income tax annual report data [4]. - Employers can modify the pre-filled data if necessary, ensuring accuracy before submission [5]. Form-Filling Declaration - Employers can access the form-filling page by clicking on the designated area on the website [4]. - The system will prompt reminders if the total salary or employee count is not greater than zero or if the salary is below the local minimum wage standard [5]. Submission Confirmation - After verifying the information, employers can submit the declaration and later view, download, or print the submitted information [5].