法律英语|国家税务总局关于从事房产业务的外商投资企业若干税务处置问题

国税发[1999]242号
颁布日期：19991221 推行日期：20000101 颁布单位：国家税务总局

GuoShuiFa [1999] No.242

December 21, 1999

The state and local taxation^{1 bureaus of each province, autonomous2 region, municipalities directly under the Central Government and the municipalities separately listed on the State plan:}

In order to regulate the administration of taxation, some issues concerning the taxation of enterprises with foreign investment in the field of real estate is notified as follows:

1. Business and income tax should be counted on the basis of the price paid by the foreign buyer to the foreign enterprise, if an enterprise with foreign investment sells real estate located in China through the agency of an enterprise abroad by means of signing agreement or contracts on the basis of commission or exclusive selling rights.

2. Full and valid^{3 documents should be offered for labor4 charges paid by the above-mentioned enterprise with foreign investment such as commissions, price difference, handling charge and deductions5, and the approval of the competent taxation authority is needed before they are counted as expenses. And these expenses should not exceed 10% of the sales of the real estate.}

This circular shall enter into force as of January 1, 2000.