财税字[1997]52号
颁布日期：19970505 　实施日期：19970101 　颁布单位：财政部、 国家税务总局、 中国人民银行

　　CaiShuiZi [1997] No.52

　　May 5， 1997

　　With the deep development of reform and opening-up and expanding of the financial businesses， the foreign-capital financial institutions are allowed to deal with the business of RMB for trial in the parts of China from 1997 approved by the State Council. In order to standardize¹ the tax policies and regulations and promote equal competitions among the capital financial institutions at home and abroad， the taxation² policy on undertaking³ the RMB currency by the foreign capital financial institutions should be clarified as follows：

　　I. The foreign-capital financial institutions that deal with the business of RMB for trial should keep the accounting⁴ of RMB and foreign currency apart and calculate the tax of respectively.

　　II. The corporate⁵ income tax of earnings⁶ from the business of RMB by the foreign-capital financial institutions should be paid according to the Income Tax Law on Enterprises with Foreign Investment and Foreign Enterprises and its Rules for the Implementation⁷. The dealers⁸ should pay the business income tax at the 30% rate and local tax at the 3% rate from the date when the undertaking the business of RMB is approved and do not enjoy the preferential tax policy of one exemption⁹ and two reduction. The attribution of the business income tax paid by foreign-capital financial institutions is carried out by the provisions of the document of CaiYuZi [1996] No.200

　　III. The sales tax of the foreign-capital financial institutions that deal with the business of RMB should be paid on the base of the relevant provisions on the unified¹⁰ sales tax of the state， the same as the domestic-funded financial enterprises.

　　The Circular entered into force as of January 1， 1997.