Legal basis: Measures for the Administration of Enterprise Income Tax in Enterprise Restructuring Business
Article 3 When an enterprise conducts various restructuring businesses, the parties refer to the following enterprises respectively according to the types of restructuring: (1) The parties to debt restructuring refer to debtors and creditors. (2) The parties to the equity acquisition refer to the acquirer, the transferor and the acquired enterprise. (3) The parties to an asset purchase refer to the transferor and the transferee. (4) The parties to the merger refer to the merged enterprise, the merged enterprise and the shareholders of all parties. (5) The separated parties refer to the separated enterprises, separated enterprises and shareholders of all parties.
Article 4 All parties involved in the same reorganization business shall adopt the principle of consistent tax treatment, that is, unified tax treatment shall be conducted on the basis of general or special tax treatment.