What Is a Principal Place of Business?

The location of the business conduct refers to the place where the business unit or individual conducts its business activities. When China levied business tax in the 1950s, it was stipulated that the tax was generally collected at the place where the business was conducted. In 1951, the State Administration of Taxation's interpretation of the location of business operations was mainly as follows: If the industrial and mining production department is in the same location as the sales department, that is, the location of the industrial and mining industry is the location of the business activity; The location of the department is the location of the business conduct. ^[1]