Circular of the State Administration of Taxation on Levying Stamp Tax on Technology Contracts
Circular of the State Administration of Taxation on Levying Stamp Tax on Technology Contracts
Circular of the State Administration of Taxation on Levying Stamp Tax on Technology Contracts
Guo Shui Di Zi [1989] No. 34
April 12, 1989
Certain issues have been put forth on how to calculate the amount of tax on various technology contracts and affix revenue stamps thereon during the implementation of Interim Regulations of the People's Republic of China on Stamp Tax. Following deliberation, it is hereby clarified as follows:
I. Issue concerning the applicable tax item and tax rate of technology transfer contract
Technology transfers include transfer of patent right, transfer of patent application right, patent exploitation license and transfer of non-patent technology. Different tax items and tax rates shall be applied on written vouchers prepared for these various technology transfers in accordance with the provisions of the Schedule of Tax Items and Tax Rates of Stamp Tax. The tax item "technology contract" shall be applied to written contracts prepared for transfer of patent application right and transfer of non-patent technology, and tax item "deeds of property right transfer" shall be applied to written contracts and vouchers prepared for transfer of patent right and patent exploitation license.
II.
......
Guo Shui Di Zi [1989] No. 34
April 12, 1989
Certain issues have been put forth on how to calculate the amount of tax on various technology contracts and affix revenue stamps thereon during the implementation of Interim Regulations of the People's Republic of China on Stamp Tax. Following deliberation, it is hereby clarified as follows:
I. Issue concerning the applicable tax item and tax rate of technology transfer contract
Technology transfers include transfer of patent right, transfer of patent application right, patent exploitation license and transfer of non-patent technology. Different tax items and tax rates shall be applied on written vouchers prepared for these various technology transfers in accordance with the provisions of the Schedule of Tax Items and Tax Rates of Stamp Tax. The tax item "technology contract" shall be applied to written contracts prepared for transfer of patent application right and transfer of non-patent technology, and tax item "deeds of property right transfer" shall be applied to written contracts and vouchers prepared for transfer of patent right and patent exploitation license.
II.
......