(1) Income tax is levied on partners according to the "income from property transfer", and the original value of the property and reasonable expenses are allowed to be deducted before tax. That is to say, according to the current personal income tax policy, natural person partners pay personal income tax according to the "income from property transfer" and the tax rate of 20% when transferring investment assets.
(2) Income tax shall be levied on the income transferred according to a certain proportion with the approval of the partners (only applicable to foreign registered enterprises and enterprises whose accounts are not perfect and cannot be audited and levied).
According to Article 7 of the Notice of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Printing and Distributing the Provisions on Individual Income Tax of Investors in Sole proprietorship Enterprises and Partnership Enterprises (Caishui [2000] No.91): "An enterprise should set up accounting books in accordance with relevant state regulations, but it has not; Although the enterprise has set up account books, but the accounts are chaotic or the cost data, income vouchers and expense vouchers are incomplete, which is difficult to audit, income tax shall be levied in proportion.
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Free transfer:
Free transfer of assets is a special phenomenon of asset stock flow under the planned economy system, which generally occurs between state-owned enterprises with the same ownership, and is a planned asset transfer under administrative control. According to the Trial Measures for Paid Allocation of Fixed Assets of State-owned Enterprises, fixed assets can still be allocated free of charge under the following circumstances:
Due to the adjustment of management system and organizational structure, the subordinate relationship of the enterprise or part of the enterprise has changed;
In the process of industrial structure adjustment, enterprises merge or separate, or the affiliation of production workshops changes, and some equipment is adjusted among enterprises;
Support the change of new industrial base, personnel or organizational system, and the equipment will also be transferred;
Free distribution with special approval of the state.
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