Core Viewpoint - The article discusses the treatment of intangible assets in corporate income tax, including their definition, tax basis, and amortization methods according to Chinese tax law [1][3][4]. Summary by Sections Definition of Intangible Assets - Intangible assets are defined as non-monetary long-term assets held by enterprises for production, service provision, leasing, or management, including patents, trademarks, copyrights, land use rights, non-patent technology, and goodwill [1]. Tax Basis for Intangible Assets - The tax basis for intangible assets is determined by historical cost, which refers to the actual expenditure incurred when acquiring the asset. Changes in asset value during the holding period do not adjust the tax basis unless specified by the relevant authorities [2]. Amortization of Intangible Assets - Intangible assets can be amortized for tax purposes, with the amortization calculated using the straight-line method. The minimum amortization period for intangible assets is set at 10 years [3]. Special Case of Goodwill - For purchased goodwill, the expenditure is deductible only during the overall transfer or liquidation of the enterprise. Intangible assets acquired as investments can be amortized based on the specified useful life in relevant laws or contracts [4]. Non-Deductible Intangible Assets - Certain intangible assets are not eligible for amortization deductions as specified in the tax law [5]. R&D Expense Deductions - When calculating R&D expense deductions, amortization costs for intangible assets used in R&D activities, such as software and patents, are included. If an intangible asset is used for both R&D and non-R&D activities, the company must allocate the amortization costs based on actual usage [7].

Core Viewpoint - The article discusses the regulations and procedures regarding idle land in China, including the definition, taxation, and exemptions related to idle land fees. Summary by Sections Definition of Idle Land - Idle land refers to state-owned construction land use rights that have not commenced development within one year of the agreed start date or have not developed at least one-third of the total area or invested at least 25% of the total investment after starting development [4]. Tax Collection - Since July 1, 2021, the idle land fee has been transferred to the tax department for collection [4]. - The tax authority collects the idle land fee based on 20% of the land transfer or allocation price [6]. - Payment must be made within 30 days from the date of the idle land fee collection decision notice [6]. Payment Process - Taxpayers can declare and pay the idle land fee through the electronic tax bureau, selecting the appropriate payment method after completing the declaration [7]. Refund Management - Refund applications for the collected non-tax revenue are handled by the tax department, with specific procedures for different types of refunds [8][9]. Policy Exemptions - Non-profit elderly care and medical institutions are fully exempt from the idle land fee, while for-profit institutions are charged half [10]. - Properties and land used for community elderly care, childcare, and domestic services are exempt from the idle land fee [11]. Policy Basis - The article references several official documents that provide the legal basis for the idle land fee and its management, including announcements from various government departments [12].

Core Viewpoint - The article provides essential information regarding the employment security fund for disabled individuals in Ningbo City, including the application process, payment obligations, and recent policy changes aimed at promoting employment for disabled persons [1][2]. Policy Basis - The employment security fund for disabled individuals is governed by several key documents, including the Ministry of Finance and the State Administration of Taxation's regulations and local government opinions [2][3]. Payment Obligations - Employers are required to pay the employment security fund if they do not meet the employment ratio of at least 1.5% of their total workforce being disabled individuals [3][4]. - The payment period for the fund is annual, with a concentrated application period in September each year, covering the previous year's obligations [3][4]. Calculation of Payment - The fund is calculated based on the difference between the required number of disabled employees and the actual number employed, multiplied by the average annual salary of the employer's workforce [3][4]. - If the average salary exceeds twice the local social average salary, the calculation will use twice the local average salary [3][4]. Definitions - The average annual salary is determined by the total salary of all employees divided by the number of employees, including wages, bonuses, and allowances [4][5]. - The number of employees is defined as those with a labor contract of at least one year with the employer [5]. Preferential Policies - From January 1, 2023, to December 31, 2027, a tiered reduction policy for the employment security fund is in place, where employers with a disabled employment ratio of 1% to 1.5% pay 50% of the required amount, and those with a ratio of 1% or less pay 10% [6]. - Companies with 30 or fewer employees are exempt from paying the fund during the same period [6].

Group 1 - The article discusses the process of querying taxpayer information through the electronic tax bureau's website, emphasizing the steps to access the "Taxpayer Information Query" section [1][2][3] - It outlines the specific query conditions required, including the start and end dates of the assessment period, to retrieve relevant information [4][5] - The article clarifies that if the information can be retrieved, the taxpayer should check the assessment period dates to confirm if they fall within the regular assessment period [6] Group 2 - The article provides a reminder regarding the non-refundable nature of stamp duty once the tax obligation arises at the time of signing a taxable contract, regardless of subsequent contract cancellations [12][14] - It explains that even in the absence of a formal contract, if there are documents that establish a clear buyer-seller relationship, stamp duty is still applicable [15][16] - The article references the legal basis for stamp duty obligations, citing relevant laws and announcements from the National Taxation Bureau [18][19]

Core Viewpoint - The article discusses the regulations and obligations related to stamp duty in China, emphasizing the importance of compliance and understanding the tax implications for various contracts and transactions [4][12][18]. Summary by Sections Taxpayer Obligations - Taxpayers include units and individuals who establish taxable certificates within China or use taxable certificates established outside China within the country [4]. - For foreign entities or individuals with agents in China, the domestic agent is responsible for withholding and paying the stamp duty [6]. - If there is no agent in China, the foreign taxpayer must self-declare and pay the stamp duty [7]. Tax Rates and Categories - The stamp duty rates are specified in the "Stamp Duty Tax Rate Table" attached to the Stamp Duty Law of the People's Republic of China [12]. - Various contracts are subject to different rates, such as: - Loan contracts: 0.05% of the loan amount [14]. - Sales contracts: 0.3% of the transaction price [14]. - Securities transactions: 0.1% of the transaction amount [14]. Timing of Tax Liability - The tax liability for stamp duty arises on the day the taxpayer establishes the taxable certificate or completes the securities transaction [17]. Common Misunderstandings - Not all contracts require stamp duty; only those listed in the Stamp Duty Tax Rate Table are taxable [18][29]. - Payment of stamp duty does not necessarily require affixing a stamp; it can also be paid through other means as authorized by tax authorities [20]. - Contracts without specified amounts still require stamp duty to be declared based on the actual settlement amount in subsequent periods [22][33]. - Stamp duty is non-refundable even if a transaction is canceled after the contract is signed [23][31]. - Taxpayers must declare stamp duty even if no actual business occurred during the period [24]. Special Cases - Contracts signed by domestic companies abroad but used within China are still subject to stamp duty [26]. - For contracts settled in foreign currencies, the tax basis is determined by converting the amount to RMB at the exchange rate on the date of the certificate [26].

Group 1 - The second batch of Sci-Tech Innovation Bond ETFs is set to be submitted, with 14 fund companies including ICBC Credit Suisse, Huaxia, Tianhong, and others participating [1] - On August 19, data from Wind indicated that four ETFs had a net inflow exceeding 1 billion yuan in a single day, including the GF CSI Hong Kong Innovative Drug ETF and the Penghua SSE AAA Sci-Tech Innovation Bond ETF [1] - The Ministry of Finance reported that from January to July, the revenue from major tax items included 255.9 billion yuan in stamp duty, representing a year-on-year increase of 20.7%, with securities transaction stamp duty at 93.6 billion yuan, up 62.5% year-on-year [1]

Group 1 - The UK Chancellor of the Exchequer, Reeves, is considering a new property tax to replace stamp duty, targeting homes valued over £500,000, which would be paid by homeowners upon selling their properties [2][3] - The new property tax is expected to affect approximately 20% of the housing market, as the average house price in London is around £550,000, and the average price in the UK is £272,664 [3] - The tax rate will be determined by the value of the property and will be collected directly by HMRC, while not replacing stamp duty for second homes [3] Group 2 - JPMorgan is accelerating plans to build a new office building at Canary Wharf due to high renovation costs of existing offices [3][6] - The new building's foundation and basement have already been completed, indicating significant progress in the construction process [6] Group 3 - Train fares in England are expected to rise by 5.6% next year, which is higher than the anticipated retail price index inflation rate of 4.6% [8] - The average CEO pay in the FTSE 100 companies has reached a record high, with a median salary of £4.58 million, reflecting a 6.8% increase, and an average salary of £5.91 million, which is a 15.4% increase [8][9] - There are now 13 CEOs in the FTSE 100 earning over £10 million, an increase from 10 the previous year, highlighting a trend of rising executive compensation [8]

Core Viewpoint - The article provides a comprehensive overview of stamp duty regulations, addressing common questions related to its application in business transactions and the necessary compliance for both companies and individuals [2][3]. Group 1: Stamp Duty Requirements - Companies must pay stamp duty on business orders that establish a clear buyer-seller relationship, even if no formal sales contract is signed [2]. - Electronic contracts are subject to stamp duty, similar to traditional paper contracts [2]. - If a contract does not specify a final settlement price, the stamp duty is based on the actual settlement amount determined later [2]. Group 2: Filing and Payment Deadlines - Stamp duty for taxable contracts is filed quarterly, while those who rarely establish taxable contracts may opt for per-transaction filing [3]. - Taxable property transfer documents are filed per transaction, but frequent filers can choose quarterly filing [3]. - Taxable business ledgers are filed annually, and foreign entities must file per transaction or can opt for annual filing if frequent filing is impractical [3]. - Taxpayers must submit their filings within fifteen days after the end of the quarter or year, or within fifteen days of the tax obligation arising for per-transaction filings [3].

Group 1: Fiscal Revenue Trends - In the first seven months of 2025, the total revenue growth rate for the fiscal accounts was 0%, improving from -0.6% in the previous period[2] - The total expenditure growth rate was 9.3%, up from 8.9%, marking the highest level since September 2022[2] - Tax revenue showed a recovery with a monthly growth rate of 5%, compared to 1% in the previous month, while non-tax revenue fell to 2% from 3.7%[5] Group 2: Key Revenue Components - Stamp duty revenue increased significantly by 20.7%, with securities transaction stamp duty surging by 62.5%[15] - The number of new A-share accounts opened in July reached 1.9636 million, a 71% increase year-on-year[15] - Land transfer revenue in July was 267.9 billion yuan, down from 299 billion yuan, with a cumulative growth rate of -4.6%[18] Group 3: Expenditure Insights - The cumulative expenditure growth rate for the first seven months was 3.4%, with a monthly growth rate of 3%[21] - Special bond issuance accelerated, with a cumulative expenditure growth rate of 31.7% for the second fiscal account, reaching 42.4% in July[22] - The total issuance of special local government bonds was 2.78 trillion yuan, with a progress rate of 63.1%[22] Group 4: Risks and Future Outlook - Risks include potential underperformance in domestic economic recovery, policy implementation, and a significant downturn in the real estate market[26] - The sustainability of revenue growth is uncertain, particularly if budgetary income weakens alongside declining land revenue, which may lead to increased national debt issuance in Q4 2023[1]

财政部8月19日发布的数据显示，1—7月主要税收收入项目中，印花税2559亿元，同比增长20.7%。其 中，证券交易印花税936亿元，同比增长62.5%。 ...