Why do bank trust companies always take one quarter as the standard?
Banks and trust companies pay taxes on a quarterly basis because financial institutions pay taxes on a quarterly basis. When bank trust companies pay business tax, these financial institutions adopt a quarterly tax payment period, and the value-added tax will still be levied after the change. Trust is one of the four major financial pillars in China, with the same name as banks, and its capital scale is second only to banking. As the only financial institution across the three major markets in China, trust and investment has its own incomparable advantages.