Huzhou Municipal Tax Bureau of the State Administration of Taxation
The introduction of 28 tax policies and service measures
Supporting enterprises to tide over the difficult times
Response to the new Crown Pneumonia outbreak of tax exemptions and exemptions
(a) Value-added tax
1. Exemption of value-added tax (VAT). The following cases are exempted from VAT: income from prevention and treatment medical services provided by medical institutions; income from wholesale and retail sales of vegetables and some fresh meat and egg products; income from taxpayers' transportation of key protection materials for epidemic prevention and control; and income from taxpayers' provision of public ****transportation services, living services, as well as the provision of express delivery services for residents with essential living materials.
2. Incremental set-aside full return. Epidemic prevention and control of key protection materials production enterprises value-added tax incremental set-aside, full refund on a monthly basis.
3. Tax exemption for gratuitous donation of goods. Taxpayers will be goods, through public welfare organizations and people's governments at or above the county level and their departments and other state organs, or directly to the hospitals that undertake the task of epidemic prevention and control, gratuitous donations for epidemic prevention and control, exempted from value-added tax, consumption tax, urban maintenance and construction tax, surcharge on education fees, local education surcharge.
(ii) Enterprise Income Tax
4. Newly purchased equipment one-time into the cost of expenses. For the epidemic prevention and control of key protection materials production enterprises for the expansion of production capacity of the newly purchased equipment, allowed a one-time into the current cost of costs in the enterprise income tax deduction before tax.
5. The loss carry-forward for the current year is extended to 8 years. For enterprises in the transportation, catering, accommodation and tourism industries, which are heavily affected by the epidemic, the loss carry-forward period will be extended to 3 years on top of the current 5 years.
6. Public welfare donations before tax full deduction. Enterprises through public welfare organizations or people's governments at or above the county level and their departments and other state organs, donations for coping with the epidemic of cash and goods, allowed in the calculation of taxable income, full deduction.
7. Direct donations to hospitals full deduction before tax. Enterprises directly to the hospital to undertake the task of epidemic prevention and control of goods used to respond to the epidemic, allowing full deduction in the calculation of taxable income. Donors with the task of epidemic prevention and treatment of hospitals issued by the donor to receive the letter for pre-tax deductions.
(C) Individual Income Tax
8. Exemption from Individual Income Tax. The following cases are exempted from individual income tax: temporary work subsidies and bonuses for medical personnel and epidemic prevention workers participating in epidemic prevention and control work in accordance with the standards set by the governments at all levels; the unit issued to individuals for the prevention of epidemics such as medicines, medical supplies and protective equipment in kind (excluding cash), is not counted as wages and salary income.
9. Public welfare donations before tax full deduction. Individuals through public welfare social organizations or the people's governments and their departments at or above the county level and other state organs, donations of cash and goods used to respond to the epidemic, are allowed to deduct the full amount when calculating taxable income.
10. Direct donations to hospitals full deduction before tax. Individuals donating directly to hospitals undertaking the task of epidemic prevention and control for use in responding to the epidemic are allowed to deduct the full amount in calculating taxable income.
(D) Property and Behavioral Taxes
11. Exemption from Property Tax and Urban Land Use Tax. The following cases are exempted from property tax and urban land use tax: property and land used by non-profit medical institutions, such as designated medical institutions in case of epidemics; property and land used by disease control institutions; and property and land used exclusively for the operation of agricultural products in farmers' markets and wholesale markets for agricultural products (both owned and leased).
12. Increase the percentage of reduction. To undertake the transportation of epidemic prevention materials logistics enterprises own land for bulk commodity storage facilities, as well as leased land for bulk commodity storage facilities, enterprises can apply for urban land use tax difficulties, exempted from its own or leased the corresponding month of urban land use tax payable.
13. Expanding the scope of exemption. For the reserve management companies and their directly-affiliated depots entrusted by the central or local government departments to undertake the task of reserving five commodities, namely, grain (including soybeans), edible oil, cotton, sugar and meat, the property and land on which they undertake the business of reserving commodities are exempted from the property tax and the urban land-use tax; and for the ones that undertake the task of reserving other epidemic prevention and control materials (in addition to the five commodities mentioned above), the enterprises can apply for the property tax and the urban land-use tax. Hardship Relief, and the full amount of property tax and urban land use tax payable by them will be granted.
14. Epidemic prevention material enterprise relief. Enterprises producing anti-epidemic materials such as medicines, masks, protective clothing, medical sterilizing alcohol and all kinds of medical instruments, etc., which undertake the government's anti-epidemic tasks, can apply for property tax and urban land use tax hardship relief, and will be granted a full reduction of the property tax and urban land use tax they are required to pay.
15. Property tax exemption for property rental. Owners (landlords) who have exempted rent for enterprises or tenants for two months or more can apply for property tax relief, and the property tax payable by them will be given full relief according to the number of months of rent exemption.
16. Relief for business difficulties. If the production and operation are significantly affected by the epidemic and the taxpayers have difficulties in paying property tax and urban land use tax, they can apply for property tax and urban land use tax relief.
(E) Social Insurance Premiums and Employment Guarantee Fund for the Disabled
17.Suspension of Social Insurance Premiums. Small and medium-sized enterprises (including micro-enterprises) that are truly unable to pay social insurance premiums in full may, upon approval in accordance with the regulations, be granted a deferred payment of social insurance premiums for a period of up to six months.
18. Graded collection of disability insurance premiums. Adjustment of the disability employment security fund from a single standard levy to a graded levy, employers who arrange for the employment of persons with disabilities in the proportion of 1% (inclusive) or more, but less than the proportion prescribed by the province (autonomous regions and municipalities), within three years, according to the amount of 50% of the contributions to be paid; less than 1%, within three years, according to the amount of 90% of the amount of the contributions to be paid. Enterprises with a total of 30 (or fewer) active employees are temporarily exempted from the collection of disability insurance premiums.
Measures to respond to the New Crown Pneumonia Epidemic Levy
19. Extension of declaration. The statutory deadline for filing tax returns for the month of February 2020 has been extended to February 24th. Taxpayers who are unable to declare before February 24 due to the impact of the epidemic can apply for an extension of the declaration, and the tax authorities will provide timely settlement services and fully consider the extent of the taxpayer's impact by the epidemic, from the low approval of the current period of advance tax payments.
20. Corrective declaration. Within three months after the end of the epidemic, taxpayers are allowed to make corrections to their tax returns during the epidemic.
21. Extension of tax payment. For taxpayers who have special difficulties due to the epidemic and cannot pay the tax on time, the taxpayers shall apply for the extension of tax payment according to the regulations.
22. Exemption of regular fixed tax. For individual industrial and commercial households whose regular quota is above the starting point of VAT, if the turnover of the current period does not reach the starting point due to the influence of epidemic, the taxpayers shall apply, and the tax authorities may exempt them from the payment of the quota tax according to the law.
23. Prioritize export tax refunds. Simplify the tax refund process, streamline the submission of information, accelerate the flow of audit, speed up the export tax refunds, for the export of goods and services due to the impact of the epidemic, give priority to the export tax refunds.
Service measures to cope with the new Crown pneumonia epidemic
24. Advocating non-contact services. "Non-mandatory, telephone first, not window". Through the electronic tax bureau, cell phone APP, government service network and other channels to guide taxpayers (payers) online, palm to do, promote the appointment registration processing, expand tax payment channels. Deepen the "foreign payment tax remittance", to realize the foreign payment tax end of the zero run.
25. Expand the scope of acceptance of shortages. Expand the target of tolerance acceptance to taxpayers with tax credit grade C and D, and incorporate whether the taxpayers provide additional information as promised into the evaluation of tax credit; in principle, non-special important information and high-risk matters can be allowed to be tolerated for processing, and all filing matters will be temporarily adjusted to be retained for inspection without going to the door.
26. Promoting the online application of invoices by mail. Vigorously promote the application of value-added tax electronic invoices, expand the scope of online application and mailing of invoices to taxpayers with tax credit grade C and D. For the production and sales enterprises of medical treatment equipment, medicines and other key protection materials for epidemic prevention and control, the number of VAT invoices and the maximum invoicing limit can be increased as needed.
27. Expanding the application of "silver tax interaction". The scope of beneficiary enterprises applying for "Banking and Taxation Interaction" loans will be expanded from tax credit grade A and B enterprises to grade M enterprises; on the premise of risk control, innovatively exploring liquidity loan service modes such as "non-repayable loan renewal" for tax credit grade A and B small and micro enterprises, and alleviating the burden of small and micro enterprises in the form of "non-repayable loan renewal". In order to alleviate the financing problems of small and micro enterprises, the company will innovate and explore liquidity service models such as "non-repayment loan renewal" for small and micro enterprises with tax credit grades A and B under risk control.
28. Strengthening online tax counseling. Fully utilizing the web portal, levy and payment communication platform, micro letter public number and other carriers, the first time to push the newly introduced tax policies, especially the relevant preferential policies to deal with the epidemic. It actively publicizes the consulting and communication paths of tax authorities around the world, responds to the needs of taxpayers in a timely manner, and provides taxpayers with online policy consulting answers and tax-related business counseling.
The above policies and measures will be implemented from January 1, 2020 onwards.