However, profits or losses shall be included in the taxable income tax to calculate and pay enterprise income tax.
The relevant policy documents for providing futures business are as follows:
Notice of State Taxation Administration of The People's Republic of China on Printing and Distributing Provisions on Some Specific Issues of Value-added Tax Guo Shui Fa [1993] 154
Notice of State Taxation Administration of The People's Republic of China on Issuing Specific Measures for the Collection of Value-added Tax on Commodity Futures [1994] No.244.
Reply of State Taxation Administration of The People's Republic of China on Issuing Tax Payment Certificate for Export Goods Sold on Zhengzhou Commodity Exchange in China [1999] 20 1
Notice of State Taxation Administration of The People's Republic of China on Strengthening the Administration of Enterprise Income Tax Collection in Stock Exchanges [1995] No.078.
Notice of State Taxation Administration of The People's Republic of China on Input Tax Deduction of General VAT Taxpayers' Futures Trading, Guo Shui Fa [2002] No.45.
Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Business Tax Policy in Capital Market (Caishui [2004] No.203) (transition)
Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Payment of Enterprise Income Tax by Futures Brokerage Companies [2005] 104.