Exchanges between financial institutions refer to the capital exchanges between banks of financial enterprises, between financial enterprises and the People's Bank of China, and among their peers.

For details, please refer to China Finance and Taxation Network: Notice of the Ministry of Finance State Taxation Administration of The People's Republic of China on Relevant Issues Concerning the Collection of Business Tax in Financial Industry/ntax/apps/laws/index.php/lawtext/lawscontent? LawSerialNo = 23e 846638607 adcbc 7308 17a 758 1220 & amp； term=%BD%F0%C8%DA%BB%FA%B9%B9

Two, financial enterprises (including banks and non-bank financial institutions, the same below) engaged in the business of buying and selling tickets, with the balance of the selling price of stocks and bonds minus the buying price as the turnover. According to the provisions of the financial accounting system, the purchase price of stocks and bonds is determined by subtracting the balance from the dividend income of stocks and bonds obtained during the holding period.

When a financial enterprise buys and sells financial commodities (including stocks, bonds, foreign exchange and other financial commodities, the same below), it may, at the end of the same accounting year, calculate and pay business tax by summarizing the positive and negative differences in different tax periods in the same accounting year. If the business tax payable after summary calculation is less than the business tax paid this year, it may apply to the tax authorities for tax refund, but it is not allowed to carry forward the part that is still negative after summary in one accounting year to the next.

Financial enterprises engaged in entrusted collection business, such as collecting telephone charges, utilities, information fees, tuition and miscellaneous fees, paging fees, social security co-ordination fees, traffic violation fines, taxes, etc. The turnover shall be the balance of all income minus the price paid to the entrusting party.

For details, please refer to China Finance and Taxation Network: Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Some Policy Issues Concerning Business Tax/ntax/apps/laws/index.php/lawtext/lawscontent? LawSerialNo = 96ea 64 F3 a 1 aa 2 FD 00 c 72 FAA cf 0 CB 8 AC 9 & amp； term=%BD%F0%C8%DA%BB%FA%B9%B9