Guoshuifa [2008] No. 115 Notice of the State Administration of Taxation on the Calculation and Collection of Personal Income Tax on the Appraisal of Assets

1. Individual (natural persons, the same below) shareholders obtain from the invested enterprise The part that is converted into individual equity capital based on the appreciation of enterprise assets is the distribution of dividends and dividends by the enterprise to individual shareholders, and personal income tax is calculated and levied according to the "interest, dividends, and bonus income" items. Taxes are withheld and paid by the enterprise when the individual equity capital is transferred.

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