中华人民共和国外商投资企业和外国企业所得税(11)

中华人民共和国外商投资企业和外国企业所得税法(英文版)

by the

income of the following tax year. Should the income of the following tax

year be insufficient to make up for the said losses, the balance may be

made up by its income of the further subsequent year, and so on, over a

period not exceeding five years.

Article 12

Any enterprise with foreign investment shall be allowed, when filing a

consolidated income tax return, to deduct from the amount of tax payable

the foreign income tax already paid abroad in respect of the income

derived from sources outside China. The deductible amount shall, however,

not exceed the amount of income tax otherwise payable under this Law in

respect of the income derived from sources outside China.

Article 13