Order of the President of the People's Republic of China, The Enterprise Income Tax Law of the People's Republic of China Document Number: [Order of the President of the People's Republic of China No. 63] Article Eight: Reasonable expenditures actually incurred by an enterprise that are related to obtaining income, including costs, expenses, taxes, losses, and other expenditures, shall be deductible when calculating the taxable income. Implementation Regulations of the Enterprise Income Tax Law of the People's Republic of China Document Number: [State Council Order No. 512] Article Twenty-Eight: Expenditures incurred by an enterprise shall be classified as either revenue expenditures or capital expenditures. Revenue expenditures shall be recognized in the period they are incurred...