Circular of the Ministry of Finance and the State Administration of Taxation on Relevant Deed Tax Policies for Continued Support to Enterprises and Public Institutions for Their System Reform and Reorganization
Circular of the Ministry of Finance and the State Administration of Taxation on Relevant Deed Tax Policies for Continued Support to Enterprises and Public Institutions for Their System Reform and Reorganization
Circular of the Ministry of Finance and the State Administration of Taxation on Relevant Deed Tax Policies for Continued Support to Enterprises and Public Institutions for Their System Reform and Reorganization
Cai Shui [2018] No.17
March 2, 2018
Departments (bureaus) of finance and local tax bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities separately listed in the State plan, local SAT offices of Tibet, Ningxia and Qinghai provinces (autonomous regions), and the Bureau of Finance of Xinjiang Production and Construction Corps,
To implement the Opinions of the State Council on Further Optimizing the Market Environment for Enterprises to Conduct Mergers and Acquisitions (Guo Fa [2014] No.14) and continue to support the system reform and reorganization of enterprises and public institutions, deed tax policies involved in the system reform and reorganization of enterprises and public institutions are notified as below,
I. System Reform of Enterprises
Where an enterprise undergoes a system reform completely in accordance with the Company Law of the People's Republic of China, including the transformation from an unincorporated firm into a limited liability company or a limited company, from a limited liability company into a limited company, or from a limited company into a limited liability company, and the investor of the former enterprise exists and holds over 75 percent of equities (shares) of the company created after system reform (alteration), and the company created after system reform (alteration) inherits the rights and obligations of the former enterprise, the inheritance of the former enterprise's ownership of land and houses by the company created after the system reform (alteration) is exempt from deed tax.
II.
......
Cai Shui [2018] No.17
March 2, 2018
Departments (bureaus) of finance and local tax bureaus of all provinces, autonomous regions, municipalities directly under the Central Government and cities separately listed in the State plan, local SAT offices of Tibet, Ningxia and Qinghai provinces (autonomous regions), and the Bureau of Finance of Xinjiang Production and Construction Corps,
To implement the Opinions of the State Council on Further Optimizing the Market Environment for Enterprises to Conduct Mergers and Acquisitions (Guo Fa [2014] No.14) and continue to support the system reform and reorganization of enterprises and public institutions, deed tax policies involved in the system reform and reorganization of enterprises and public institutions are notified as below,
I. System Reform of Enterprises
Where an enterprise undergoes a system reform completely in accordance with the Company Law of the People's Republic of China, including the transformation from an unincorporated firm into a limited liability company or a limited company, from a limited liability company into a limited company, or from a limited company into a limited liability company, and the investor of the former enterprise exists and holds over 75 percent of equities (shares) of the company created after system reform (alteration), and the company created after system reform (alteration) inherits the rights and obligations of the former enterprise, the inheritance of the former enterprise's ownership of land and houses by the company created after the system reform (alteration) is exempt from deed tax.
II.
......