Business Tax on Banking Activities

In July, the State Administration of Taxation (SAT) issued the Several Business Tax Policy Questions Concerning Foreign-funded Financial Institutions Circular,…

6 minute readOctober 31, 2000 at 11:58 PM

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In July, the State Administration of Taxation (SAT) issued the Several Business Tax Policy Questions Concerning Foreign-funded Financial Institutions Circular, Guo Shui Fa No.135 (the Notice). It confirms the ever increasing application of business tax to financial activities.

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