According to Article 25 of the "Regulations on the Implementation of the Enterprise Income Tax Law of the People's Republic of China", enterprises exchange non-monetary assets, and use goods, property, and services for donations and debt repayments. , sponsorship, fund-raising, advertising, samples, employee benefits or profit distribution, etc., shall be deemed to be sales of goods, transfer of property or provision of services, unless otherwise stipulated by the financial and taxation authorities of the State Council. Non-monetary asset investment belongs to non-monetary asset exchange. Therefore, the portion of the investment in non-monetary assets that exceeds the book value shall be subject to income tax in accordance with the above provisions.

State Administration of Taxation 2011/02/01