y-transaction basis.
     Taxpayers that adopt one month as an assessable period  shall  report and pay tax within ten days  following  the  end  of  the  period.  If  an assessable period of five days, ten days or fifteen days is  adopted,  the tax shall be prepaid within five days following the end of the period  and a monthly tax return shall be filed with any balance of  tax  due  settled within ten days from the first day of the following month.
     The tax payment deadlines for withholding agents shall be  determined with reference to the stipulations of the above two paragraphs.
Article 14
     The collection and administration of Business Tax shall be  conducted in accordance with the relevant regulations of the Republic  of  China  on  Tax  Collection  and  Administration>  and  these Regulations.
Article 15
     The collection of Business Tax from  foreign  investment  enterprises and  foreign  enterprises  shall  be  conducted  in  accordance  with  the resolutions of the Standing Committee of the National  People´s  Congress.
Article 16
     The Ministry of Finance shall be responsible for  the  interpretation of these Regulations and for the formulation of  the  Detailed  Rules  and Regulations for the Implementation of these Regulations.
Article 17
     These Regulations shall come into effect from January  1,  1994,  The promulgated by the State Council on September 18, 1984 shall  be  repealed on the same date.
 
          BUSINESS TAX TAXABLE ITEMS AND TAX RATES TABLE

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 Taxable
 items                     Scope of charge                    Tax Rate %
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 1. Communications
    and transportation   Transportation by land, water,                3
                         air and pipeline, loading
                         unloading and delivery
 2. Construction         Construction, installation,
                         repair, decoration and other
                         engineering work                              3
 3. Finance and insurance                                              5
 4. Posts and
    telecommunications                                                 3
 5. Culture and sports                                                 3
 6. Entertainment        Singing bars, dance halls,                 5-20
                         karaoke lounges, commercial
     &