Article 5 of the Provisional Regulations on Business Tax stipulates that the turnover of taxpayers is the total price and other expenses collected by taxpayers for providing taxable services, transferring intangible assets or selling real estate. However, the following exceptions are made.

Article 18 of the Detailed Rules for the Implementation of the Provisional Regulations on Business Tax stipulates that the business of buying and selling financial commodities such as foreign exchange, marketable securities and futures mentioned in Item (4) of Article 5 of the Regulations refers to the business of buying and selling financial commodities such as foreign exchange, marketable securities and non-commodity futures engaged by taxpayers.

After the implementation of the new Provisional Regulations on Business Tax, the scope of taxation for buying and selling financial goods will be expanded from the original taxation of financial institutions to the collection of business tax on all enterprises. At the same time, the Ministry of Finance and State Taxation Administration of The People's Republic of China successively issued the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Publishing Some Normative Documents on Abolishing and Invalidating Business Tax (Caishui [2009] No.61) and the Notice of State Taxation Administration of The People's Republic of China on Publishing the Catalogue of Normative Documents on Abolishing Business Tax (Guo Shui Fa [2009] No.29). And no business tax will be levied on the difference income of the original non-financial enterprise trading fund unit.