State Administration of Taxation, Circular on the Deed Duty Policy on the Acceptance of the Assets of the Parent Company by its Wholly-owned Subsidiary

国家税务总局关于全资子公司承受母公司资产有关契税政策的通知

July 09, 2008 | BY

clpstaff &clp articles &

Deed duty exempted for internal asset transfer

Clp Reference: 3200/08.05.26 Promulgated: 2008-05-26

Issued: May 26 2008

Main Contents: Where, during the course of reorganization, an enterprise (in the form of a company) injects more capital into a subsidiary it wholly owns with ownership of land or premises under its name, this shall be deemed a transfer of internal assets within the same investment entity. No deed duty shall be levied on the acceptance of the parent company's land and premises ownership by its subsidiary.

Related Legislation: Circular on Several Deed Duty Policies Concerning the Restructuring and Reorganization of Enterprises, Aug 20 2003; and Circular on the Interpretation of Several Questions Concerning the Deed Duty Policies on the Restructuring and Reorganization of Enterprises, Aug 28 2006

clp reference:3200/08.05.26promulgated:2008-05-26

This premium content is reserved for
China Law & Practice Subscribers.

  • A database of over 3,000 essential documents including key PRC legislation translated into English
  • A choice of newsletters to alert you to changes affecting your business including sector specific updates
  • Premium access to the mobile optimized site for timely analysis that guides you through China's ever-changing business environment
For enterprise-wide or corporate enquiries, please contact our experienced Sales Professionals at +44 (0)203 868 7546 or [email protected]