According to Article 1 of the Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Relevant Matters Concerning the Retention of Asset Loss Information of Enterprise Income Tax (State Taxation Administration of The People's Republic of China AnnouncementNo. 18), enterprises only need to fill in the annual tax return of enterprise income tax, the list of pre-tax deduction and tax adjustment of asset loss, and do not submit relevant information of asset loss. Relevant information shall be kept by the enterprise for future reference.
Article 2 stipulates that an enterprise shall keep complete information on asset losses to ensure the authenticity and legality of the information.
Article 3 stipulates that the provisions of this announcement shall apply to the final settlement of enterprise income tax in 20 17 and subsequent years.