Circular of the State Administration of Taxation on Printing and Distributing the Provisions on Several Specific Issues concerning Value-Added Tax
Circular of the State Administration of Taxation on Printing and Distributing the Provisions on Several Specific Issues concerning Value-Added Tax
Circular of the State Administration of Taxation on Printing and Distributing the Provisions on Several Specific Issues concerning Value-Added Tax
Guo Shui Fa [1993] No.154
December 28, 1993
Taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan:
We hereby print and issue the Provisions for Some Specific Questions on Value-Added Tax to you, please follow and implement them.
Appendix:
Provisions on Several Specific Issues concerning Value-Added Tax
I. Scope of Taxation
1.Value-Added tax shall be levied on forward transactions in goods (including commodity futures and precious metal futures).
2. Value-Added Tax shall be levied on the business of selling gold and silver by banks.
3. Value-Added Tax shall not be levied on financing and leasing businesses, whether the ownership of the leased goods is transferred to the lessee or not.
4. For pre-cast concrete components, other structural components or construction materials produced by a factory or workshop affiliated to an infrastructural construction unit or an enterprise engaged in construction and used in construction projects of that unit or enterprise, Value-Added Tax shall be levied at the time when the products are transferred for use.
......
Guo Shui Fa [1993] No.154
December 28, 1993
Taxation bureaus of all provinces, autonomous regions, municipalities directly under the Central Government, and cities specifically designated in the state plan:
We hereby print and issue the Provisions for Some Specific Questions on Value-Added Tax to you, please follow and implement them.
Appendix:
Provisions on Several Specific Issues concerning Value-Added Tax
I. Scope of Taxation
1.Value-Added tax shall be levied on forward transactions in goods (including commodity futures and precious metal futures).
2. Value-Added Tax shall be levied on the business of selling gold and silver by banks.
3. Value-Added Tax shall not be levied on financing and leasing businesses, whether the ownership of the leased goods is transferred to the lessee or not.
4. For pre-cast concrete components, other structural components or construction materials produced by a factory or workshop affiliated to an infrastructural construction unit or an enterprise engaged in construction and used in construction projects of that unit or enterprise, Value-Added Tax shall be levied at the time when the products are transferred for use.
......