Business-to-business transfers are not taxed. The tax is paid in proportion to the income, not the current transfer. According to Article 5 of the Enterprise Income Tax Law of People's Republic of China (PRC), the taxable income is the balance of the total income of an enterprise in each tax year after deducting non-taxable income, tax-free income, various deductions and losses allowed to make up in previous years. Article 6 The income in monetary form and non-monetary form obtained by an enterprise from various channels shall be the total income.

Tips: The above explanations are for reference only.

Response time: 2021-11-16. Please refer to the latest business changes announced by Ping An Bank in official website.