1. Domestic institutions and individuals who pay the following foreign exchange funds with an equivalent value of more than US$ 50,000 (excluding the equivalent value of US$ 50,000, the same below) abroad shall file tax records with the local competent tax authorities, except for the circumstances specified in Article 3 of this announcement. If the competent tax authorities are only local tax authorities, they shall file with the local tax authorities at the same level:

(1) Service trade income obtained by overseas institutions or individuals from China includes transportation, tourism, communication, construction and installation, labor contracting, insurance services, financial services, computer and information services, use and licensing of exclusive rights, sports, cultural and entertainment services, other commercial services and government services; ?

(2) Remuneration of overseas individuals working in China, dividends, bonuses, profits, interest on direct debts, guarantee fees, non-capital transfer donations, remuneration, taxes, accidental income and current transfer income obtained by overseas institutions or individuals from China; ?

(3) Financial leasing rent, income from real estate transfer, income from equity transfer and other lawful income of foreign investors obtained by overseas institutions or individuals from China. ?

Foreign investors who reinvest more than US$ 50,000 in China with their legitimate income from domestic direct investment shall file tax returns in accordance with these provisions. ?