Is it necessary to withhold and pay business tax for imported software?

Caishuizi [1999] No.273 stipulates that "the income obtained by units and individuals (including foreign-invested enterprises, research and development centers established with foreign investment, foreign enterprises and foreign individuals) engaged in technology transfer and technology development business and related technical consulting and technical service business shall be exempted from business tax. Technology transfer refers to the transfer of the ownership or use right of patented technology and non-patented technology owned by the transferor to others for compensation. " As your company only buys financial software, it does not fall within the above scope, so you should withhold and pay the business tax. The tax rate is 5%.