1. Business tax. According to the Ministry of Finance and State Administration of Taxation s Notice on Business Tax Issues Related to Equity Transfers (Cai Shui  No. 191), Business tax is not levied on equity transfers. Therefore, equity donations by immediate family members are exempt. 2. Personal income tax.
Children provide parents with the necessary living expenses financially, that is, assume certain financial responsibilities, provide necessary financial assistance, and provide material cost assistance. The Marriage Law of the People s Republic of China, which was amended by the Standing Committee of the National People s Congress in April 2001,
In life, there may be many agreements between husband and wife, among which the agreement on property is often the case. But what are the legal requirements for husband and wife property agreement? This is a question that everyone needs to understand. The editor of the outside China law website