财税字[1999]183号
颁布日期：19990624 　实施日期：19990701 　颁布单位：财政部、 国家税务总局

　　CaiShuiZi [1999] No.183

　　June 24, 1999

　　The finance department (bureaus) of province, autonomous¹ region, municipality directly under the Central Government and municipality separately listede on the state plan, the state and local taxation² bureaus:

　　Circular on Transmitting the Circular of the State Council on some Issue Concerning Adjusting the Taxation Policy of Finance and Insurance (CaiShuiZi [1997] No.45) which issued by the Ministry³ of Finance and the State Administration of Taxation prescribes that the turnover⁴ of the tax-payers undertaking⁵ the financing lease is the balance: all the charge from the lessee⁶ and fee beyond cost (including scrap⁷ value) deducted⁸ of the cost of rented goods the lesser⁹ should be responsible for. The real cost of goods rented includes purchase price of goods, duty, added-value tax, consumption tax, delivery fee, installation fee, insurance and etc. Recently, it is required from the local regions in the letters whether the interest of foreign exchange loan of the Financing Leasing enterprise can be deducted during taxation. Now the following should be clarified:

　　The turnover of the tax-payers undertaking the financial leasing is the balance all the cost and charge beyond cost from lessees¹⁰ taking off the real cost of goods rented by leasers and sales tax should be paid on that. The real cost of goods rented includes the interest of foreign exchange loan for buying the leasing goods.

　　This provision shall come into force from July 1, 1999. the turnover should not be adjusted no matter whether the interest of foreign exchange loan is deducted when the local institutions tax.

　　Please carry it out completely.