Traditional Culture Encyclopedia - Hotel franchise - India withheld 10% tax, can it be deducted in China?

India withheld 10% tax, can it be deducted in China?

India withheld 10% tax, which can be deducted at home. Article 23 of the Enterprise Income Tax Law of People's Republic of China (PRC) * * * The income tax paid overseas by an enterprise on the following income can be deducted from its current taxable amount, and the credit limit is the taxable amount calculated in accordance with the provisions of this Law. The part exceeding the credit limit can be offset by the balance of the annual credit limit for the next five years after deducting the taxable amount of the current year: the taxable income of the resident enterprises outside China. Non-resident enterprises set up institutions and places in China and obtained taxable income that occurred outside China but actually related to the institutions and places.