Cross-border equipment leasing old contracts continue to be exempted from business tax
According to the Ministry of Finance, the Ministry of Finance and the State Administration of Taxation jointly issued a notice recently that from January 1, 2010 to the expiry date of the contract, an old contract for the lease of cross-border equipment (including financing leases and operations) was executed for overseas units or individuals. For the income derived from the old contract of lease, the transitional policy of exempting business tax shall continue to be implemented. The notice stated that the old contract for the lease of cross-border equipment was required to be concluded in writing before December 31, 2008 (inclusive), and the lease term exceeded 365 days. The subject matter of the contract was aircraft, ships, aircraft engines, large-scale power generation equipment, and mechanical equipment. Large-scale environmental protection equipment, large-scale construction machinery, large-scale petrochemical complete sets of equipment, containers and other equipment, and the contracted annual average rental fee is not less than 500,000 yuan. The notification also stated that the domestic lessee shall hold the original contract and photocopy of the old contract for cross-border equipment rental, payment of rent paid, and the corresponding invoice (or bill) of the lessor before September 30, 2011, as well as the requirements of the competent tax authority. Other materials to the competent tax authorities for filing procedures. Two Hole Basin Faucet,Wash Basin Wall Mixer,Kitchen Wash Basin Mixer,Wall Mounted Washbasin Mixer Kaiping City Yibiao Sanitary Ware Co., Ltd. , https://www.faucetaoli.com