CCH 外资合伙企业研讨会 Investing in Partnerships in China 2010

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外资有限合伙企业税务分析与规划Foreign Invested Liability Partnership Enterprises

Taxation Analysis and Planning

通力律师事务所Llinks Law Offices

2010 年 1 月January 2010

CCH 外资合伙企业研讨会Investing in Partnerships in China 2010


目录Table of Content

备受关注的外资有限合伙－外资进入中国内地的新篇章Foreign Invested Limited Partnership Enterprises (“FI LPEs”) - A new chapter for foreign investment in Mainland China

合伙企业在中国内地要缴纳什么税 ?How is a partnership taxed in Mainland China?

现行合伙企业所得税主要规定Current major income tax rules on a partnership

有限合伙所得税政策的地方实践Local practices on income taxes on LPEs

外资有限合伙架构下的所得税分析Analysis on income taxes under the structure of a FI LPE

地方税收政策以及财政扶持的性质界定Nature of local tax policies and financial subsidies

外资有限合伙典型案例Case study on a typical FI LPE structure


备受关注的外资有限合伙－外资进入中国内地的新篇章FI LPEs – A New Chapter for Foreign Investment in Mainland China

　企业类型Forms

项目 Items

外资有限合伙企业

FI LPE

非法人型中外合作企业Cooperative Joint Venture (“CJV”) with

Non-legal-person Status

法人型外商投资企业Foreign Invested

Enterprise (“FIE”) with Legal-person Status

企业本身是否为企业所得税纳税实体 ?

Is the entity a corporate income tax (“CIT”) payer?

透明体 , 非企业所得税纳税实体

A look-through entity, not a CIT payer

1) 原可选择成为纳税实体或透明体 ; 现无明确规定Previously, may choose to be either a CIT payer or a look-through entity, while currently not clear

2) 目前在实践中仍允许选择为透明体In practice, could be a look-through entity

企业所得税纳税人 , 税率一般为 25%

A CIT payer, generally pays CIT at 25%

企业所得税后三项基金提取

Appropriation of three funds after CIT

不适用

N/A

1) 中外合资 / 合作 , 董事会决定提取比例JVs: rates are determined by the Board of Directors

2) 外商独资：储备基金为税后利润 10%, 累计额为公司注册资本的 50% 以上的 , 可不提取Wholly foreign owned enterprises: 10% of after-tax profit as reserve fund, no further appropriation if the accumulated reserve fund is no less than 50% of registered capital


备受关注的外资有限合伙－外资进入中国内地的新篇章 ( 续 )FI LPE – A New Chapter for Foreign Investment in Mainland China (Cont’d)

投资者 ( 企业 ) 的各类所得Income derived by enterprise investors

外资有限合伙企业FI LPE*

非法人型中外合作企业CJV with Non-legal-person Status

法人型外商投资企业FIE with Legal-person Status

被投资企业生产经营所得Operating income derived by invested entity

1) 企业合伙人缴纳企业所得税CIT applies to enterprise partners

2) 境内合伙人： 25% 企业所得税 (纳入利润表 )/ 不缴纳企业所得税 ?

Chinese partner: CIT at 25% (put into P/L)/no CIT?

3) 外国合伙人： 25% 企业所得税 /10% 预提所得税 ?

Foreign partner: CIT at 25%/withholding tax (“WHT”) at 10%?

1) 不分所得项目统一计算应纳税所得额 Taxable income calculated on an overall

basis

2) 如果选择“先分后税” If “Allocating before Taxing”- 境内投资者： 25% 企业所得税 ( 纳入利

润表 ) Chinese party: CIT at 25% (put into P/L)- 外国投资者： 25% 企业所得税 /10%***

预提所得税 Foreign party: CIT at 25%/WHT at 10%

1) 不分所得项目统一计算应纳税所得额

Taxable income calculated on an overall basis

2) 境内投资者：不缴纳企业所得税 Chinese party: no CIT

3) 外国投资者： 10%*** 预提所得税 Foreign party: withholding tax

(“WHT”) at 10%

被投资企业对外投资取得股息、红利所得 **Dividends derived by invested entity

投资者转让被投资企业出资所得Capital gain (share transfer) 　 derived by investors

1) 境内合伙人： 25% 企业所得税 (纳入利润表 )

Chinese partner: CIT at 25% (put into P/L)

2) 外国合伙人 : 10%*** 预提所得税Foreign partner: WHT at 10%

1) 境内投资者： 25% 企业所得税 ( 纳入利润表 )

Chinese party: CIT at 25% (put into P/L)2) 外国投资者： 10%*** 预提所得税 Foreign party: WHT at 10%

1) 境内投资者： 25% 企业所得税 (纳入利润表 )

Chinese party: CIT at 25% (put into P/L)

2) 外国投资者： 10%*** 预提所得税 Foreign party: WHT at 10%

*: 现行合伙企业的税收法规主要适用于个人合伙人 , 对于合伙人是法人和其他组织的则只规定缴纳企业所得税 , 但未明确如何计算。Current tax rules regarding partnership enterprises mainly focuses on individual partners. It is only stipulated that a partner who is legal person or other organization is subject to CIT. However, there lacks detailed rules on how to assess the CIT.**: 对于对外国企业或者个人在中国境内设立能否设立以投资为主要业务的合伙企业暂未有明确规定。It is still not clear whether a foreign enterprise or individual may establish in China a LPE that is mainly engaged in investment business.***: 可以适用协定税率。 May apply for treaty preferential treatments.


合伙企业在中国内地要缴纳什么税 ?How is a Partnership Taxed in Mainland China?

• 营业税 Business Tax (“BT”)

• 增值税 Value-added Tax (“VAT”)

• 土地使用税 Land Use Tax

• 房产税 Real Estate Tax

• 合伙企业不是所得税的纳税主体 Partnership is not a income taxpayer

• “ 先分后税” , 即合伙人各自纳税“Allocating before taxing”, i.e. income taxes paid by partners

财产税Property Taxes

流转税Turnover Taxes

所得税Income Taxes

结论：合伙企业与其他组织税收上的区别主要体现于所得税方面

Conclusion: Income tax rules on partnership differ from other categories of organizations


现行合伙企业所得税主要规定Current Major Income Taxes Rules on a Partnership

个人所得税 IIT

(Individual Income Tax)

企业所得税 CIT

(Corporate Income Tax)

• 《关于合伙企业合伙人所得税问题的通知》( 财税 [2008]159 号 )Caishui [2008] No. 159

• 《关于调整个体工商户个人独资企业和合伙企业个人所得税税前扣除标准有关问题的通知》( 财税 [2008]65 号 )Caishui [2008] No. 65

• 关于《关于个人独资企业和合伙企业投资者征收个人所得税的规定》执行口径的通知 ( 国税函 [2001]84 号 )Guoshuihan [2001] No. 84

• 《关于个人独资企业和合伙企业投资者征收个人所得税的规定》 ( 财税 [2000]91 号 )Caishui [2000] No. 91)

• 《关于合伙企业合伙人所得税问题的通知》 ( 财税[2008]159 号 )Caishui [2008] No.159)


现行税法下有限合伙所得税处理Income Taxes Treatments of a LPE under the Current Tax Regime

• 基本原则 Principles “先分后税”的原则

Allocating before taxing 合伙企业以每一个合伙人为纳税义务人

Income tax paid by partner of the partnership enterprise

• 适用税率 Applicable Tax Rates 合伙企业合伙人是自然人的 , 缴纳个人所得税

IIT paid by individual partners

- 生产经营所得比照“个体工商户的生产经营所得” 计征个人所得税 (5%-35%) Operating incomes are taxed at 5%- 35%, with reference to those on “income from production, operation derived by industrial and commercial households”

- 通过合伙企业对外投资分回利息、股息比照“利息、股息、红利”计征个人所得税 (20%) Interests and dividends obtained from the invested entity through the partnership are taxed at 20%

合伙人是法人和其他组织的 , 缴纳企业所得税 (25%)CIT paid by partners with legal-person status or other organizations (25%)


现行税法下有限合伙所得税处理 ( 续 )Income Taxes Treatments of a LPE under the Current Tax Regime(Cont’d)

• 应纳税所得额的计算 Calculation of taxable income

= 收入总额 – 成本 / 费用 – 损失= Total income – Costs / Expenses – Loss

• 年度亏损可以在五年内弥补Losses may be carried forward for 5 years

• 合伙人应纳个人所得税税款 , 按年计算 , 分月或者分季预缴年度终了后 3 个月内汇算清缴IIT payable by each partner shall be calculated on annual basis and paid on a monthly or quarterly basis. Final settlement shall be made within three months after the end of each tax year.


现行税法下有限合伙所得税处理 ( 续 )Income Taxes Treatments of a LPE under the Current Tax Regime (Cont’d)

• 现行税法下有限合伙所得税处理主要问题－现行合伙企业税制落后于合伙企业发展Major issues on prevailing tax regimes of a LPE － currently tax legislation on partnerships is behind the development of partnership

– 仅适用于民事合伙only applicable to civil partnerships

– 集中于个人mainly focus on individuals

– 没有充分考虑到有限合伙组织形式did not comprehensively consider the LPE structure

– 没有考虑到外资进入问题did not consider the foreign investment in partnership structure

• 展望：随着越来越多的企业采用合伙企业组织形式 , 各地在此方面可能会制定一些更为明确的法律规定With more and more enterprises established in the form of partnerships, more related regulations and rules will be issued in this regard


有限合伙所得税政策的地方实践——上海Local Practices on Income Taxes on LPEs —Shanghai

• 适用对象：股权投资企业和股权投资管理企业 Applicable entities: Equity Investment Enterprises and Equity Investment Management Enterprises

• 地方政策 Local policies

执行有限合伙企业合伙事务的自然人普通合伙人 , 按“个体工商户的生产经营所得”应税项目 , 适用 5%-35% 的五级超额累进税率 , 计征个人所得税An individual who acts as a General Partner (“GP”) of LPE should be subject to IIT as “income from production, operation derived by industrial and commercial households”, the applicable progressive rates are from 5% to 35%

不执行有限合伙企业合伙事务的自然人有限合伙人 , 其从有限合伙企业取得的股权投资收益 , 按“利息、股息、红利所得”项目计征 20% 个人所得税An individual who acts as a Limited Partner (“LP”) of LPE should be subject to IIT as “interests and dividends income”, the applicable IIT rate is 20%


有限合伙所得税政策的地方实践—上海 ( 续 )Local Practices on Income Taxes on LPEs —Shanghai (Cont’d)

主要财政扶持Major Local

Financial Subsidies

适用对象Applicable Entities

具体内容Details

股权投资管理企业Equity Investment Management Enterprises

- 500 万 ( 募集资金达到 10 亿元的 ) 5 million (1 billion <= fund < 3 billion)- 1000 万 ( 募集资金达到 30 亿元的 ) 10 million (3 billion <= fund < 5 billion)- 1500 万 ( 募集资金达到 50 亿元的 ) 15 million (fund >=5 billion)- 其他 Others

投资于浦东新区国有企业、高科技企业和中小企业或新区鼓励发展的其他新兴产业项目的股权投资企业Equity investment enterprises investing in state-owned enterprises, high-tech enterprises, mid-scale/small-scale enterprises, or new developed industrial projects that are encouraged by Pudong New Area

所获投资收益形成的新区地方财力 , 按 50% 的标准奖励该股权投资企业50% of local financial revenue

在陆家嘴功能区和张江功能区办公的股权投资企业Equity investment enterprise located in Lujiazui Functional Area or Zhangjiang Functional Area

租赁办公用房的 , 按实际租赁面积 , 给予 500 元 / 平方米 / 年的房租补贴；购买自用办公用房的 , 按购房房价给予 1.5% 的补贴Lease of office: 500/square meter x actual area / yearAcquisition of office for self-use: 1.5% x acquisition price

注：上述政策执行到 2010 年 12 月 31 日止 , 且可能根据企业有所不同Note: The above policies are to be implemented till 31 Dec 2010, may vary among enterprises


有限合伙所得税政策的地方实践—北京Local Practices on Income Taxes on LPEs —Beijing

• 适用对象：股权投资基金和股权投资管理企业Applicable entities: Equity Investment Funds and Equity Investment Management Enterprises

• 地方政策 Local policies

合伙制股权基金中个人合伙人取得收益 , 按照“利息、股息、红利所得”或“财产转让所得”项目征收 20% 个人所得税Income derived by an individual LP shall be taxed as “interests and dividends income” or “property transfer income”

合伙制股权基金从被投资企业获得的股息、红利等投资性收益 , 属于已缴纳企业所得税的税后收益 , 该收益可按照合伙协议约定直接分配给法人合伙人 , 其企业所得税按有关政策执行 Where investment profit such as dividend income derived by a partnership and is subsequently distributed to a legal person partner pursuant to partnership agreement, the investment income is regarded as after-tax profit and taxed in accordance with CIT regimes


有限合伙所得税政策的地方实践—北京 ( 续 )Local Practices on Income Taxes on LPEs —Beijing (Cont’d)

主要财政扶持Major Subsidies

适用对象Applicable entities

具体内容Details

主要财政扶持Major Financial

Subsidy

连续聘用 2 年以上的高级管理人员Senior management employed for 2 consecutive years

购买商品房、汽车或参加专业培训的 , 按其上一年度所缴个人工薪收入所得税地方留成部分的 80% 予以奖励Subsidy, equivalent to the 80% of local IIT revenue in the previous year, on the purchase of commodity residential property, automobile or specialty training

高级管理人员Senior management

股权、期权奖励 , 在计征个人所得税时给予优惠Preferential IIT treatment on stock or option awards

主要税收豁免Major Tax

Concessions合伙企业及其职工Partnership and employees

不超过职工工资总额 20% 的比例为职工缴存的住房公积金可税前扣除并免征个人所得税 ,职工按不超过其工资总额 20% 的比例缴存的住房公积金免征个人所得税Housing fund that is paid for an employee may be exempted from the employee's IIT to the extent that the housing fund is no more than 20% of the employee's total salary. Housing fund that is paid by an employee is exempted from the employee's IIT liability to the extent that the fund is no more than 20% of the employee's total salary

注：上述政策执行到 2013 年 1 月 1 日止 , 且可能根据企业有所不同。Note:　The　above　policies　are　to　be　implemented　till　1　Jan　2013,　may　vary　among　enterprises


有限合伙所得税政策的地方实践—天津Local Practices on Income Taxes on LPEs － Tianjin

• 适用对象：有限合伙企业Applicable entity: LPEs

• 税收政策 Local policies

合伙人是法人和其他组织的 , 按有关政策规定缴纳企业所得税Partner with legal-person status shall pay CIT

不参与执行业务的有限合伙自然人取得的股权投资收益 , 按“利息、股息、红利所得”计征 20% 个人所得税 , 在有限合伙企业注册地税务机构缴纳Income derived by an individual who does not act as a managing partner of LPE shall be subject to IIT as “Income of interest and dividend” with a tax rate of 20%. The IIT should be settled with the tax authority in-charge of the partnership

自然人普通合伙人 , 既执行合伙业务又为基金的出资人的 , 取得的所得能划分清楚时 , 对其中的投资收益或股权转让收益部分 , 税率适用 20%

An individual GP who is also investor may pay 20% on the investment income and share transfer gain, to the extent that such income is clearly identified

法人合伙人分得的生产经营所得和其他所得 , 可在合伙企业注册地地税局缴纳企业所得税 ; 或到法人合伙人投资者所在地缴纳企业所得税A legal person may choose to settle taxes on operating and other income with the tax authority where the partnership is registered, or with the tax authority of where the partner is located.


有限合伙所得税政策的地方实践—天津 ( 续 )Local Practices on Income Taxes on LPEs － Tianjin (Cont’d)

适用对象Applicable Entities

具体内容Details

主要财政扶持Major Local

Financial Subsidies

基金连续聘用 2 年以上的高级管理人员Senior management employed by a fund for 2 consecutive years

第一次购买商品房、汽车或参加专业培训的 , 按其缴纳的个人所得税地方分享部分给予奖励Subsidy, equivalent to the local IIT revenue on the first purchase of a commodity residential property, automobiles or specialty training.

基金管理机构Fund Management Enterprises

前两年全额奖励营业税地方分享部分 , 后三年减半奖励营业税地方分享部分Subsidy equivalent to 100% local BT revenue in the first two years, and 50% local BT revenue in the subsequent three years

前两年全额奖励企业所得税地方分享部分 , 后三年减半奖励企业所得税地方分享部分Subsidy equivalent to 100% local CIT revenue in the first two years, and 50% local CIT revenue in the subsequent three years

对基金管理机构购建、租赁办公用房提供一定补贴Subsidy on the fund manager's acquisition or lease of its office

股权投资基金Equity Investment Fund

股权投资基金投资于天津的企业或项目 , 按项目退出或获得收益后形成的所得税地方分享部分的 60% 给予奖励Subsidy, equivalent to 60% local CIT revenue provided that the project is located in Tianjin

主要税收豁免Major Tax

Concessions

基金管理机构Fund Management Enterprises

购建新的自用办公房产免征契税 ,并免征房产税三年Exempted from Deed Tax on its acquisition of new self-used officesand Real Estate Tax for three years

注：上述政策执行到 2012 年 12 月 31 日止 , 且可能根据企业有所不同Note: The above policies are to be implemented till 31 Dec 2012, may vary among enterprises


有限合伙所得税政策各地实践汇总Summary of Local Practices on Income Taxes on LPEs

合伙人类型Partners

上海Shanghai

北京Beijing

天津Tianjin

个人有限合伙人

Individual LP

不执行有限合伙企业合伙事务的自然人有限合伙人 , 其从有限合伙企业取得的股权投资收益 , 按“利息、股息、红利所得”项目计征 20% 个人所得税An individual LP pays IIT at 20%

取得收益按照“利息、股息、红利”所得”或“财产转让所得”项目征收 20% 个人所得税

Each partner is subject to IIT at 20%

有限合伙人按照“利息、股息、红利所得”或“财产转让所得”项目征收个人所得税 , 税率适用 20%

An individual LP pays IIT at 20%

个人普通合伙人

Individual GP

执行有限合伙企业合伙事务的自然人普通合伙人 , 按“个体工商户的生产经营所得”应税项目 ,适用 5%-35% 的五级超额累进税率 , 计征个人所得税An individual GP pays IIT at the progressive rates from 5% to 35%

自然人普通合伙人 , 既执行合伙业务又为基金的出资人的 , 取得的所得能划分清楚时 , 对其中的投资收益或股权转让收益部分 , 税率适用 20%

An individual GP who is also investor may pays IIT at 20% on the investment income and share transfer gain, to the extent that such income is clearly identified


有限合伙所得税政策各地实践汇总 ( 续 )Summary of Local Practices on Income Taxes on LPEs (Cont’d)

合伙人类型Partners

上海Shanghai

北京Beijing

天津Tianjin

法人有限合伙人Legal-person LP

无No

合伙制股权基金获得的股息、红利等投资性收益 , 属于已缴纳企业所得税的税后收益 , 该收益可按照合伙协议约定直接分配给法人合伙人 , 其企业所得税按有关政策执行

Where investment income such as dividends derived by a partnership and is subsequently distributed to a legal person partner, the investment income is regarded as after-tax profit and could be taxed in accordance with CIT regimes.

合伙人是法人和其他组织的 , 按有关政策规定缴纳企业所得

A partner with legal-person status pays CIT

法人普通合伙人Legal-person GP

无No


外资有限合伙架构下的所得税分析Analysis on Income Tax under the Structure of a FI LPE

• 外国企业合伙人如何在中国内地纳税 ?How does a foreign enterprise partner pay tax in China?

企业所得税 ? CIT? 预提所得税 ? WHT?

• 外国企业合伙人来源于合伙企业所得有哪些 ? What kind of incomes will be derived by a foreign enterprise partner?

– 生产经营所得 ( 营业收入 )? Operating income?– 投资收益 ( 利息、股息、红利 )? Investment income (interests and dividends)?– 出资转让所得 ? Capital gain on transfer of investment ?

• 该外国企业合伙人是否在中国有常设机构 ?Does the foreign enterprise partner constitute a Permanent Establishment (“PE”) in China?

• 税收协定关于常设机构的概念 Definition of a PE under Treaties

企业进行全部或部分营业的固定场所 Fixed place of business through which the business of an enterprise is wholly or partly carried on.

缔约国一方企业通过雇员或其他人员 , 在缔约国另一方为同一项目或相关联的项目提供劳务 ,包括咨询劳务 , 仅以在任何十二个月 ( 或一个公历年度 ) 中连续或累计超过六个月的为限。The furnishing of services, including consultancy services, by an enterprise through employees or other personnel engaged for such purpose, but only if activities of that nature continue (for the same or a connected project) within a Contracting State for a period or periods aggregating more than 183 days within any twelve month period.


外资有限合伙架构下的所得税分析Analysis on Income Taxes Under the Structure of a FI LPE (Cont’d)

• 外国个人合伙人如何在中国内地纳税 ? How does a foreign individual partner pay income taxes in China?

合伙企业合伙人是自然人的 , 缴纳个人所得税Individual partner pays IIT

- 生产经营所得比照 “个体工商户的生产经营所得” 计征个人所得税 (5%-35%) Operating income are taxed at 5%- 35%, with reference to those on

“income from production, operation derived by industrial and commercial households”

- 通过合伙企业对外投资分回利息、股息比照“利息、股息、红利”计征个人所得税 (20%)

Interests and dividends obtained from the invested entity through the partnership are taxed at 20%


外资有限合伙架构下的所得税分析Analysis on Income Taxes Under the Structure of a FI LPE (Cont’d)

投资者的各类所得Income derived by enterprise investors

企业合伙人－适用企业所得税 *Enterprise Partners - CIT

个人合伙人－适用个人所得税Individual Partners - IIT

被投资企业生产经营所得Operating income derived by invested entity

1) 境内合伙人： 25% 企业所得税 ( 纳入利润表 )/ 不缴纳企业所得税 ?

Chinese partner: CIT at 25% (put into P/L)/no CIT?

2) 外国合伙人： 25% 企业所得税 /10%预提所得税 ?

Foreign partner: CIT at 25%/withholding tax (“WHT”) at 10%?

生产经营所得比照 “个体工商户的生产经营所得” 计征个人所得税 (5%-35%) Operating income are taxed at 5%- 35%, with reference to those on “income from production, operation derived by industrial and commercial

households”.

被投资企业对外投资取得股息、红利所得 **Dividends derived by invested entity

通过合伙企业对外投资分回利息、股息比照“利息、股息、红利”计征个人所得税 (20%)Interests and dividends obtained from the invested entity through the partnership are taxed at 20%.

投资者转让被投资企业出资所得Capital gain (share transfer)　 derived by investors

1) 境内合伙人： 25% 企业所得税 ( 纳入利润表 )

Chinese partner: CIT at 25% (put into P/L)

2) 外国合伙人 : 10%*** 预提所得税Foreign partner: WHT at 10%

个人所得税 20%IIT 20%

*: 现行合伙企业的税收法规主要适用于个人合伙人 , 对于合伙人是法人和其他组织的则只规定缴纳企业所得税 , 但未明确如何计算。Current tax rules regarding partnership enterprises mainly focuses on individual partners. It is only stipulated that a partner, who is legal person or other organization, is subject to CIT. However, there lacks of detailed rules on how to assess the CIT.**: 对于对外国企业或者个人在中国境内设立能否设立以投资为主要业务的合伙企业暂未有明确规定。It is still not clear whether a foreign enterprise or individual may establish in China a LPE that is mainly engaged in investment business.***: 可以适用协定税率。 May apply for treaty preferential treatments.


地方税收政策以及财政扶持的性质界定Nature of Local Tax Policies and Financial Subsidies

• 中央税 , 指征税收入全部属于中央财政的税收。如关税、海关代征的增值税、消费税、中央企业的所得税等Central Tax means taxes of which the revenue fully flows to the central government, such as customs duty, VAT collected by customs, consumption tax and CIT on central enterprises, etc

• 地方税 , 指征税收入全部属于地方财政的税收。如营业税、土地增值税、城镇土地使用税、房产税等Local Tax means taxes of which the revenue fully flows to local governments, such as BT, land appreciation tax , urban land use tax, etc

• 中央和地方共享税 , 指征税收入部分属于中央财政、部分属于地方财政的税收。如企业所得税 ( 中央60%, 地方 40%) 、个人所得税 ( 中央 60%, 地方 40%) 、增值税 ( 中央 75%, 地方 25%) 等Shared Tax means taxes of which the revenue should be allocated between the central and local governments, such as CIT (Central Government: 60%, Local Government: 40%) , IIT (Central Government: 60%, Local Government: 40%), VAT (Central Government: 75%, Local Government: 25%), etc

• 从目前的税收实践看 , 适用地方财政返还、地方财政扶持政策的主要为增值税、营业税、企业所得税和个人所得税In practice, the major taxes revenue related to local financial subsidies are VAT, BT, CIT and IIT


地方税收政策以及财政扶持的性质界定 ( 续 )Nature of Local Tax Policies and Financial Subsidies (Cont’d)

• 《企业所得税法》 “ CIT Law”

第二十九条民族自治地方的自治机关对本民族自治地方的企业应缴纳的企业所得税中属于地方分享的部分 , 可以决定减征或者免征。自治州、自治县决定减征或者免征的 , 须报省、自治区、直辖市人民政府批准。

Article 29 The autonomous authority of ethnic autonomous locality may decide on the reduction or exemption of the portion of CIT shared by the locality that shall be paid by Enterprises of the ethnic autonomous locality. Where an autonomous prefecture or autonomous county decides on the reduction or exemption, they must report to the people's government of province, autonomous region or municipality directly under the central government for approval.

第三十五条本法规定的税收优惠的具体办法 , 由国务院规定。Article 35 The specific measures of preferential tax treatments prescribed by this Law shall be

formulated by the State Council.

第三十六条根据国民经济和社会发展的需要 , 或者由于突发事件等原因对企业经营活动产生重大影响的 , 国务院可以制定企业所得税专项优惠政策 ,报全国人民代表大会常务委员会备案。

Article 36 Where there is a significant impact on the business activities of Enterprises pursuant to the needs of national economy and social development, or due to unexpected public incidents, the State Council may formulate the preferential policy of CIT and report to the Standing Committee of the National People's Congress for the record.



• 《税收征收管理法 “》 Tax Collection and Administration Law”

第三条税收的开征、停征以及减税、免税、退税、补税 ,依照法律的法规执行 , 法律授权国务院法规的 , 依照国务院制定的行政法规的法规执行。任何机关、单位和个人不得违反法律、行政法规的法规 , 擅自作出税收开征、停征以及减税、免税、退税、补税的决定。

Article 3 The collection of taxes or the cessation thereof, the reduction, exemption and refund of taxes as well as the payment of taxes underpaid shall be implemented in accordance with the law or the relevant provisions stipulated under administrative regulations formulated by the State Council, provided that the State Council is authorized by the law to formulate the relevant provisions. No governmental organs, entities or individuals may be permitted to, in violation of the law or the administrative regulations, make decisions without authorization regarding the collection of taxes, or the cessation thereof, the reduction, exemption or refund of taxes, or the payment of taxes underpaid and other decisions contradicting tax laws and administrative regulations and rules.



•　　《关于加强依法治税严格税收管理权限的通知》 ( 国发 [1998]4 号 ) “Notice on Strengthening the Tax Administration according to Law and Tightening the Tax Administration Powers” (Guofa [1998] No.4)

中央税、共享税以及地方税的立法权都集中在中央 , 各地区、各部门要依法治税 , 依法理财 , 不得超越权限擅自制定、解释税收政策 , 也不得越权批准减免税收、缓缴税收和豁免欠税The legislative authority on Central Tax 、 Shared Tax and Local Tax are exclusively reserved by the central government. All districts and departments shall govern taxation and finance by law, and shall not stipulate or interpret tax policies beyond their authority, or approve tax concessions, tax deferrals or exemptions on outstanding taxes.

减免税收必须依照税法规定执行 , 任何超越税法和税收管理权限规定的减免税必须立刻纠正 ; Tax reduction and exemption shall be implemented in accordance with tax laws. Any tax reductions or exemptions beyond tax law or tax administration authority shall be immediately corrected.

要坚决杜绝以缓代欠 , 以缓代免的现象 , 严禁以任何理由减免纳税人的欠税 , 凡已经减免的欠税 , 要限期追缴入库。Tax arrears and tax exemption through tax deferral should be firmly resolved, prohibiting tax arrears for any reason. The exempted outstanding taxes shall be recovered and deposited in the treasury within provided time limits.



• 结论 : 地方政府承诺的财政返还 / 财政扶持不是税收优惠

Conclusion: Financial refund or financial subsidies by local governments is not tax preferential treatments

• 实践 : 各地政府仍然在地方财政范围内 , 通过建立扶持基金等方式给予企业一定的返还或者扶持 , 从而变相给予税收优惠。因此 , 投资者在选择投资地点时应当对于地方政府许诺的政策进行“识别” , 以控制投资风险

Practice: Local governments, within local finance revenue, provide certain return or subsidy by ways of establishment of local supporting funds,

which may be deemed as a disguised tax preferential treatment. Hence, in order to control investment risk, investors should discern the policy commitments by local governments when determining the investment locality


外资有限合伙典型案例Case Study on a typical FI LPE structure

假设 Assumption

• 2010 年初 , 外国企业 B 和中国企业 C 分别投资 2000万元和 1000 万元设立中国实体 A, 双方约定由企业 C进行实体 A 的日常经营管理 , 企业 B 不参与管理At the beginning of 2010, overseas Co. B and domestic Co. C invested 20M and 10M respectively in domestic Entity A. Both parties mutually agree that entity A shall be managed by Co. C, while Co. C does not participate in the management of Entity A.

• 2015 年 ,扣除成本、费用和损失后 , 中国实体 A 取得生产经营所得 3600 万元In 2015, Entity A receives net operating income of 36M after deducting cost, expenses and losses

• 企业 B 、企业 C 于 2015 年底按投资比例从实体 A 取得利润 (假设无需提取公积金 )Co. B and Co. C receive incomes from Entity A based on investment ratio (assuming no reserve fund is required here)

• 企业 B 、企业 C 无其它收入、成本、费用Co. B and Co. C do not incur any other income, costs or expense

境外 Overseas

投资额 :1000 万元

Investment:10M

境内 PRC 企业 CCo. C

企业 BCo. B

实体 AEntity A


Investment: 20M

生产经营所得 : 3600 万元Operating income :36M


模式 1 : 外资有限合伙 Module 1 : FI LPE

主体Entities

税种Taxes

企业所得税25% CIT

预提所得税10% WHT

有限合伙 A

FI LPE A× ×

企业 B Co. B × 240*

企业 C Co. C 300** ×

境外 Overseas


企业 BCo. B

有限合伙 AFI LPE A


Investment: 20M


Investment:10M


*假设企业 B 为有限合伙人 , 现行税法未明确规定对企业 B 如何征税 ; 我们认为 , 参考非法人中外合作创投企业纳税实践 , 税务机关可能要求企业 B 按 10% 缴纳预提所得税 Assuming Co. B is a LP, currently no clear tax rule regarding how Co. B is taxed. In our experience, with reference to practice of Foreign Invested Venture Capitals with non-legal-person status, tax authority might request Co. B to pay WHT at 10%

* *假设企业 C 为普通合伙人 Assuming Co. C is a GP


模式 2 : 非法人制中外合作企业 Module 2 : CJV with Non-legal-person Status

主体Entities

税种Taxes

企业所得税 25%

CIT


非法人制中外合作企业 A

CJV A with non-legal-person

status

× ×

企业 B Co. B × 240*

企业 C Co. C 300** ×

境外 Overseas


企业 BCo. B

非法人制中外合作企业 A CJV A with non-legal-

person status


Investment: 20M


Investment:10M


*假设企业 B 为有限合伙人 (Assuming Co.B is a LP)

* *假设企业 C 为普通合伙人 (Assuming Co.C is a GP)


模式 3 : 公司 Module 3 : Corporation

境外 Overseas


企业 BCo. B

中外合资公司 ASino-foreign Invested Co.

A with legal-person status


Investment: 20m


Investment:10m

生产经营所得 : 3600 万元Operating income :36m

主体Entities

税种Taxes

企业所得税25% CIT


中外合资企业 A

Sino-foreign Invested Co. A

900 ×

企业 B Co. B × 180

企业 C Co. C × ×


税负比较 Tax Liabilities Comparison

实体 A

Entity A

企业 B

Co. B

企业 C

Co. C

总计税负Total Tax Liabilities

有限合伙模式FI LPE

- 240 300 540

非法人制中外合作企业　CJV with non-legal-

person status- 240 300 540

中外合资企业Sino-foreign Invested

Co.900 180 - 1080

结论：从纳税筹划考虑 , 有限合伙企业和非法人制中外合作企业模式可能被采用 , 但因目前涉及有限合伙及非法人制中外合作税务法规不健全 , 投资者应注意与投资当地税务机关沟通！Conclusion: From tax planning perspective, LPE or CJV with non-legal-person status could be considered. However, due to lack of detailed tax rules on LPE and CJV with non-legal person status, investors should effectively communicate with the local authorities!


联系方式Contacts

俞卫锋 (David Yu)Partner/Attorney

电话 Tel: 021-3135 8686 邮箱 Email: [email protected]

陆易 (Clare Lu)Partner/Attorney

电话 Tel: 021-3135 8667 邮箱 Email: [email protected]

传真 Fax: 021-3135 8600 地址 Address: 19F, ONE LUJIAZUI

68 Yin Cheng Road Middle Shanghai 200120 P.R.China


声明Disclaimer

该讲稿中所反映的信息截止于 2010 年 1 月 26 日。在准备该讲稿的过程中 , 我们依赖并假设我们所获得的所有公开信息是准确、完整的 , 且我们并未对该等信息进行核查。本讲稿中的信息并不构成通力律师事务所正式的法律意见。　

Information contained herein is provided on January 26, 2010. In the course of

preparing this material, we assume that all the public information we have

obtained and relied upon is accurate and complete. Furthermore, we have not

undertaken any independent review or verification against such information. Any

information contained herein does not constitute a formal legal opinion of Llinks

Law Offices.

CCH 外资合伙企业研讨会 Investing in Partnerships in China 2010

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