State Administration of Foreign Exchange and State Administration of Taxation, Circular on Issues Relevant to the Trial Implementation of Tax Filing for Outbound Payments of Trade in Services
国家外汇管理局、国家税务总局关于试行服务贸易对外支付税务备案有关问题的通知
Advance tax filing for the service industry implemented in six places for trial.
Date:
May 2008
CLP Reference: 3220/08.02.26
Promulgated: 26 February 2008
Keywords (click to search): [tax filing] [outbound payment] [trade in services] [service industry] [pilot region]
Issued: February 26 2008
Interpreting Authorities: State Administration of Foreign Exchange and State Administration of Taxation
Main Contents: Beginning from April 1 2008, advance tax filing for outbound payments of trade in services shall be implemented in six pilot regions: Tianjin, Shanghai, Jiangsu, Sichuan, Fujian and Hunan. When a domestic institution registered in a pilot region makes an outbound payment of over US$50,000 for its trade in services at a designated foreign exchange bank in the pilot region, it shall first file a record with the competent state tax authority in the jurisdiction on the strength of a photocopy of the relevant contract, and fill in a Tax Filing Form for Outbound Payments of Trade in Services by Domestic Institutions. No filing shall be required for payments of US$50,000 or less (Article 1). Domestic institutions registered in a non-pilot region that make an outbound payment for trade in services at a designated foreign exchange bank in a pilot region, and domestic institutions registered in a pilot region that make an outbound payment for trade in services at a designated foreign exchange bank in a non-pilot region shall handle the matter in accordance with current provisions (Article 6).
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