Classifications
     Constitution
     Foreign Affairs
     Public Security
     Religion
     Science and Technology
     Population
     Pricing
     Statistics
     Industrial Management
     Agricultural Law
     Safty Law
     Tax
     Audit Law
     Banking Law
     Insurance Law
     Securities
     Customs Law
     State Organs
     Taiwan Affairs
     Overseas Chinese Affairs
     Hong Kong & Macao Affairs
     Treasury & Finance
     Others
     Quality Control and Supervision
     Industrial and Commercial Management
     Transportation Law
     Cyber Law
     Health Law
     development & reformation
     Standardization
     Corporations And Associations
     Business Services
     State-owned Assets
     Arbitration & Dispute Resolution
     Education & Libraries & cultural relic
     home trade & foreign trade
     Forest Law
     Livestock
     Fish & Game
     Water Resources
     Surveying
     Civil Law
     Contract
     Legislature
     Others
     Military Justice
     Construction
     Land Law
     Energy Law
     Criminal Law
     Administrative Law
     Admiralty
     Probation Law
     Retail Law
     Real Property
     Human Recourses
     Labor and Employment
     intellectual property
     Civil Procedure
     Criminal Procedure
     legal profession
     Notarization
     Entertainment Law & Sports Law
     Others
     Geology & Mining
     Meteorology & Earthquakes
     Judges and the Judiciary
     Ethnic Affairs
     Entry-Exit Inspection and Quarantine
     Landlord & Tenant Law
     AntiTrust & Trade Regulation
     Welfare & Social Services and Institutions

Circular of Ministry of Finance and the State Administration of Taxation on the Relevant Taxation Policies concerning Part of State-Reserved Commodities
Cai Shui [2006] No. 105
The General Administration of Customs, finance departments (bureaus) of all provinces, autonomous regions, municipalities directly under the Central Government and cities specially designated in the State plan, the State Administration of Taxation, the local taxation bureaus and the finance bureaus of Xinjiang Production and Construction Corps:
Upon approval of the State Council, relevant taxation policies on part of the State-reserved Commodities is hereby circulated:
1.
Financial subsidiaries income gained by China Grain Reserves Corporation (hereinafter referred to sacra) and its directly-subordinated grain storage is exempted from business tax and enterprise income tax; capital accounting books of CGRC and its directly-subordinated grain storage are exempted from stamp tax; sales and purchase contracts entered into by CGRC and its directly-subordinated grain storage during the course of operation of central grain (oil) reserves business is exempted from stamp tax, while stamp tax paid by other parties to contracts shall be collected according to the relevant regulations; house properties, lands self-used by CGRC and its directly-subordinated grain storage during the course of operation of central grain (oil) reserves business are exempted from housing property tax and urban land use tax; import grain (oil) organized by CGRC for the purpose of reserves transferring, rotation and performance of governmental commitments shall be collected VAT in the process of import according to the regulations, and the tax payment shall be fully refunded by central finance. The specific refunding process shall be executed in accordance with the Circular of Tax Refund on Part of the Import Commodities [(94) Cai Yu Zi Di No. 42].

2.
Financial subsidiaries income gained by China National Cotton Reserves Corporation (hereinafter referred to as CNCRC) and its directly-subordinated cotton storage is exempted from business tax and enterprise income tax; capital accounting books of CNCRC and its directly-subordinated cotton storage are exempted from stamp tax; sales and purchase contracts entered into by CNCRC and its directly-subordinated cotton storage during the course of operation of central cotton reserves business are exempted from stamp tax, while stamp tax paid by other parties to contracts shall be collected according to the relevant regulations; house properties, lands self-used by CNCRC and its directly-subordinated cotton storage during the course of operation of central cotton reserves business are exempted from housing property tax and urban land use tax.

3.
Financial subsidiaries income gained by China Merchandise Reserve Management Center (hereinafter referred to as CMRMC) is exempted from business tax and enterprise income tax; capital accounting books of CMRMC are exempted from stamp tax; sales and purchase contracts entered into by CMRMC during the course of operation of centrally- reserved sugar and meat business are exempted from stamp tax, while stamp tax paid by other parties to contracts shall be collected according to the relevant regulations; financial subsidiaries income gained by China Sugar and Alcohol Group Corporation, national sugar reserves storage directly-subordinated to CMRMC and national meat reserves storage directly-subordinated to China Food Group Corporation is exempted from business tax and enterprise income tax; capital accounting books of them are exempted from stamp tax; house properties, lands self-used by CMRMC, national sugar reserves storage, national meat reserves storage during the course of operation of central sugar and meat reserves business are exempted from housing property tax and urban land use tax.

4.
House properties and lands self-used by national salt storage directly-subordinated to China National Salt Industry Corporation during the course of operation of central salt reserves business are exempted from housing property tax and urban land use tax.

5.
The list of national directly-subordinated sugar storage, meat storage and salt reserves storage enjoying the aforementioned taxation policies shall be annexed hereto for details.

6.
This Circular shall be executed from January 1, 2006 to December 31, 2008. Circular of Ministry of Finance and the State Administration of Taxation on the Relevant Taxation Policies of China Grain Reserves Corporation (Cai Shui [2004] No. 74), Circular of Ministry of Finance and the State Administration of Taxation on the Relevant Taxation Policies of China National Cotton Reserves Corporation (Cai Shui [2003] No. 115), Circular of Ministry of Finance and the State Administration of Taxation on the Relevant Taxation Policies of China Merchandise Reserve Management Center and National Directly-subordinated Sugar and Meat Reserves Storage (Cai Shui [2004] No. 75) and Circular of Ministry of Finance and the State Administration of Taxation on the Relevant Taxation Policies of National Salt Reserves Storage Directly-subordinated to China National Salt Industry Corporation (Cai Shui [2004] No. 57) shall be abolished as of January1, 2006.

Annex: List of National Directly-subordinated Sugar Reserves Storage, Meat Reserves Storage and Salt Reserves Storage
Ministry of Finance
State Administration of Taxation
August 16, 2006
Annex:
List of National Directly-subordinated Sugar Reserves Storage, Meat Reserves Storage and Salt Reserves Storage
1.
National Directly-subordinated Sugar Reserves Storage

(1)
Weishanzhuang National Directly-subordinated Sugar Reserves Storage (Beijing China Sugar Logistics Co., Ltd.)

(2)
Tanggu National Directly-subordinated Sugar Reserves Storage (Tianjin China Sugar Logistics Co., Ltd. and Tanggu Branch of China-Sugar Century Co., Ltd.)

(3)
Xiyingmen National Directly-subordinated Sugar Reserves Storage (Tianjin China Sugar Huafeng Logistics Co., Ltd.)

(4)
Langfang National Directly-subordinated Sugar Reserves Storage (Hebei China Sugar Logistics Co., Ltd.)

(5)
Bazhou National Directly-subordinated Sugar Reserves Storage (Hebei China Sugar Huayang Logistics Co., Ltd.)

(6)
Yingkou National Directly-subordinated Sugar Reserves Storage (Liaoning China Sugar Logistics Co., Ltd.)

(7)
Nantong National Directly-subordinated Sugar Reserves Storage (Jiangsu Branch of China-Sugar Century Co., Ltd. and China Sugar and Alcohol Group Corporation Nantong Storage and Transportation Corporation)

(8)
Ningbo National Directly-subordinated Sugar Reserves Storage (Ningbo China Sugar Logistics Co., Ltd.)

(9)
Bengbu National Directly-subordinated Sugar Reserves Storage (Anhui Branch of China-Sugar Century Co., Ltd.)

(10)
Zhangzhou National Directly-subordinated Sugar Reserves Storage (Zhangzhou China Sugar Logistics Co., Ltd.)

(11)
Qingdao National Directly-subordinated Sugar Reserves Storage (Qingdao China Sugar Haiwan Logistics Co., Ltd.)

(12)
Xinzheng National Directly-subordinated Sugar Reserves Storage (Henan Branch of China-Sugar Century Co., Ltd.)

(13)
Zhoukou National Directly-subordinated Sugar Reserves Storage (Henan China Sugar Logistics Co., Ltd.)

(14)
Shekou National Directly-subordinated Sugar Reserves Storage (Hubei Branch of China-Sugar Century Co., Ltd.)

(15)
Shunde National Directly-subordinated Sugar Reserves Storage (Foshan Shunde District China Sugar Reserves Storage)

(16)
Xiaotang National Directly-subordinated Sugar Reserves Storage (Nanhai China Merchandise Industrial Co., Ltd.)

(17)
Beihai National Directly-subordinated Sugar Reserves Storage (Guangxi China Sugar Logistics Co., Ltd.)

(18)
Deyang National Directly-subordinated Sugar Reserves Storage (Sichuan China Sugar Logistics Co., Ltd.)

2.
National Directly-subordinated Meat Reserves Storage

(1)
Beijing National Directly-subordinated Meat Reserves Storage (Zhongshigerui Food Co., Ltd.)

(2)
Daxing National Directly-subordinated Meat Reserves Storage (Beijing Zhongrui Food Co., Ltd.)

(3)
Fangshan National Directly-subordinated Meat Reserves Storage (Beijing Rongfeng Food Co., Ltd.)

(4)
Baoding National Directly-subordinated Meat Reserves Storage (Baoding Co., Ltd. of China Grain Industry Group)

(5)
Taizhou National Directly-subordinated Meat Reserves Storage (Taizhou Economic and Trade Co., Ltd. of China Grain Group)

(6)
Qingdao National Directly-subordinated Meat Reserves Storage (Huafuxinli (Qingdao) Food Co., Ltd.)

3.
National Directly-subordinated Salt Reserves Storage

Xinzheng 206 Storage of China National Salt Industry Corporation