State Council, PRC Tentative Regulations on Business Tax (Revised)

Promulgated: November 10 2008
Effective: January 1 2009

Main Contents: The business turnover of a taxpayer shall be the full price and all additional charges that are collected by the taxpayer for the provision of taxable services, assignment of intangible assets or sale of immovable property, except in the following circumstances:

(1) where the taxpayer shares with another work unit or individual part of the transport business that it has undertaken, its business turnover shall be the balance of the full price and all additional charges that it has collected after subtracting the transport expenses it paid to the other work unit or individual;