Official Reply of the State Administration of Taxation to the Imposition of Business Tax on Intangible Assets Transferred into China by Foreign Enterprises

Official Reply of the State Administration of Taxation to the Imposition of Business Tax on Intangible Assets Transferred into China by Foreign Enterprises

Cai Shui Han [1998] No.797

December 21, 1998

the Local Taxation Bureau of JiLin Province,

The Request for Instructions on the Business Tax by the Local Taxation Bureau of JiLin Province (Ji Di Shui Liu Zi [1998] No.301 ) has been received. Through deliberation, the issue how the business tax of intangible assets transferred into the enterprises within the territory of China shall be paid by foreign enterprises is replied as follows:

I. The Article 1 of the Interim Regulations of the People's Republic of China on Business Tax (hereinafter referred to as the Measures) prescribes that enterprises and individuals that transfer the intangible assets within the territory of China shall be taxpayer of business tax and pay the business tax in accordance with these Measures.
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