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Written Reply by Local Taxation Bureau of Tongan District of Xiamen Municipality on Relevant Tax-related Issues Concerning the Division of Xiamen Xingrong International Logistics Ltd.

Document No.:

Taxes:Deed Tax,Business Tax,Land Appreciation Tax

Date of Promulgation:

IssueDepartment:Local Taxation Bureaus of Localities

Date of Implementatio:2014-05-07


Xiamen Xingrong International Logistics Ltd.:


We have received your “Application Report” for exempting from Business Tax, Land Appreciation Tax and Deed Tax because of the division of your company into two companies. For the tax-related issues concerning your company’s division into two companies, and transferring the land and housing ownership of No.300 North Tongji Road, Tongan District, Xiamen which belong to Xiamen Xingrong International Logistics Ltd. before the division to the branch company of Haixia xingrong (Xiamen) industrial limited company, in accordance with the current tax policy, the written reply is hereby given as follows:


. According to the provisions of the “Announcement of the State Administration of Taxation on Relevant Business Tax Issues Concerning Assets Restructuring of Taxpayers” (No.51, 2011), your company’s transferred part of the physical assets and associated creditor’s rights, debts and labor force to the severed company through division in the process of restructuring does not belong to the levying scope of Business Tax, and no business tax shall be levied on the transfer of land and housing ownership involved.


. As for your company’s transferring of land and housing ownership to Haixia xingrong (Xiamen) industrial limited company, no Land Appreciation Tax shall be levied before the upper stream law is clarified


III. In accordance with the provisions of Article  of the “Notice of the Ministry of Finance and the State Administration of Taxation on Deed Tax Policy Concerning the Reform and Restructuring of Enterprises and Public Institutions” (Cai Shui (2012) No.4), given the division of your company into two companies which have the same investment subject as the original company according to the “Agreement”, the inherited land and housing ownership of the original company by the severed company of Haixia xingrong (Xiamen) industrial limited company shall be exempted from business tax


The reply is hereby given as above


Tongan District, Xiamen Local Taxation Bureau



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