Article 16 in case an enterprise transfers an asset, it is permitted to deduct the net value of the asset when calculating the taxable income amount.

第十六条企业转让资产，该项资产的净值，准予在计算应纳税所得额时扣除。

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Earnings from property transfer; the taxable income should be the balance of total income deducting net value of property.

转让财产所得，以收入全额减除财产净值后的余额为应纳税所得额。

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If he invests more capital in the business to expand production, or hires more workers to increase output, that may result in higher net taxable income.

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And net taxable income would be reduced by issuing dividends.

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But only the net income is currently taxable.

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