What are the new tax policies for 2022 included?

I. New Tax Support Policies

(I) 2022 VAT Ending Allowance Refund Policy

Policy Basis

1. "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Increasing the Implementation of the VAT Ending Allowance Refund Policy" (No. 14 of 2022)

2. "Announcement of the Ministry of Finance and the State Administration of Taxation on Announcement on Further Accelerating the Progress of the Implementation of the Policy of Refund of VAT Period-end Allowances (No. 17 of 2022)

3. Announcement of the Ministry of Finance and the State Administration of Taxation on Further Accelerating the Progress of the Implementation of the Policy of Refund of VAT Period-end Allowances on a Continuous Basis (No. 19 of 2022)

4. Announcement (No. 21 of 2022)

(ii) Policy on Pre-Income Tax Deduction for Equipment and Appliances of Micro, Small and Medium Enterprises

Policy Basis

Announcement of the Ministry of Finance and the State Administration of Taxation on the Policies Concerning Pre-Income Tax Deduction for Equipment and Appliances of Micro, Small and Medium Enterprises (No. 12 of 2022)

(iii) Policy on Suspension of Pre-Payment of VAT for Branches of Airline and Railway Transport Enterprises Advance VAT Payment Policy

Policy Basis

Announcement of the Ministry of Finance and the State Administration of Taxation on the Policies Regarding VAT Policies on the Promotion of Relief and Development of Difficult Industries in the Field of the Service Industry (No. 11 of 2022)

(iv) Policy on Exemption of Value-added Tax on the Income from Transportation Services of the Public ***

Policy Basis

Announcement of the Ministry of Finance and the State Administration of Taxation on the Policies on the Announcement on the VAT Policies on Promoting the Relief and Development of Difficult Industries in the Service Sector (No. 11 of 2022)

(v) Policy on Special Additional Deduction for Individual Income Tax on the Care of Infants and Children Under 3 Years of Age

Policy Basis

Notice of the State Council on the Establishment of Special Additional Deduction for Individual Income Tax on the Care of Infants and Children Under 3 Years of Age (Guofa [No.] 8 of 2022 )

(F) VAT Exemption Policy for Small-Scale Taxpayers of Value-Added Tax (VAT)

Basis for Policy

Announcement of the Ministry of Finance and the State Administration of Taxation on the Exemption of Small-Scale Taxpayers of VAT from Value-Added Tax (No. 15 of 2022)

(VII) Policy on Additional Deduction of R&D Expenses for Science and Technology-based Small and Medium-sized Enterprises (SMEs)

Basis for Policy

Announcement of the Ministry of Finance, the State Administration of Taxation and the Ministry of Science and Technology on Further Increasing the Proportion of Pre-tax Deduction of R&D Expenses of Science and Technology-based Small and Medium-sized Enterprises (No. 16 of 2022)

(viii) Policy of Exemption of VAT on the Income from Courier Collection and Delivery Services

Policy basis

1. (No. 18 of 2022)

2. Notice of the Ministry of Finance and the State Administration of Taxation on Comprehensively Pushing Forward the Pilot Program of Changing Business Tax to Value-added Tax (Cai Shui [2016] No. 36)

(ix) Policy of Reducing Vehicle Purchase Tax for Some Passenger Cars

Basis for the Policy

Notice of the Ministry of Finance and the State Administration of Taxation on the Policy of Reducing the Vehicle Purchase Tax for Some Passenger Cars (2022 No. 20)

Policy basis

Basis for the policy (No. 20 of 2022)

(J) Reduction and Exemption Policies of Six Taxes and Two Fees for Small and Micro Enterprises

Basis for Policies

Announcement of the Ministry of Finance and the State Administration of Taxation on Further Implementation of the Reduction and Exemption Policies of Six Taxes and Two Fees for Small and Micro Enterprises ( No. 10 of 2022)

(xi) Policy on Reduction and Exemption of Enterprise Income Tax for Small and Micro-profit Enterprises

Policy Basis

Announcement of the Ministry of Finance and the State Administration of Taxation on the Further Implementation of Preferential Policies on the Income Tax for Small and Micro-Enterprises (No. 13 of 2022)

(xii) Policy on the Deferral of Partial Payment of Taxes and Fees for Small, Medium and Micro-Enterprises in the Manufacturing Industry

Policy Basis

Announcement of the General Administration of Taxation and the Ministry of Finance on the Matters Concerning the Continuation of the Implementation of the Deferred Payment of Partial Taxes and Fees for Small, Medium and Micro Enterprises in the Manufacturing Sector (No. 2 of 2022)

(xiii) Policy of Stage-by-Stage Deferral of Payment of Basic Enterprise Pension Insurance Premiums, Unemployment Insurance Premiums, and Industrial Injury Insurance Premiums

Policy Basis

1. Circular of the Ministry of Human Resources and Social Security and the General Administration of Taxation on Doing a Good Job of Unemployment Insurance to Stabilize Jobs and Improve Skills to Prevent Unemployment (Issued by the Ministry of Human Resources and Social Security [2022] No. 23)

2. Circular of the General Office of the Ministry of Human Resources and Social Security and the General Office of the General Administration of Taxation on the Policy of Stagewise Implementation of Suspension of Payment of Social Insurance Premiums of Enterprises in Industries with Special Difficulties (Issued by the Office of the Human Resources and Social Security [2022] No. 16)

3. Ministry of Social Security Development and Reform Commission Ministry of Finance General Administration of Taxation Notice on Expanding the Scope of the Implementation of the Policy of Stage-by-Stage Suspension of Payment of Social Insurance Premiums and Other Issues" (MHRSS Fa [2022] No. 31)

(xiv) Stage-by-Stage Suspension of Employee Basic Medical Insurance Premiums Policy

Policy Basis

The MHA Development and Reform Commission Ministry of Finance General Administration of Taxation Circular on Stage-by-Stage Suspension of Payment of Notice on Unit Contributions for Employees' Basic Medical Insurance (MPS [2022] No. 21).

II. Tax and Fee Support Policies Renewed for Implementation

(XV) Tax and Fee Deduction Policies for Entrepreneurship of Key Groups

Policy Basis

1. Announcement of the Bureau of Rural Revitalization of the Ministry of Finance, the General Administration of Taxation, the Ministry of Human Resources, and the Ministry of Social Security on the Extension of the Period of Implementation of Some Preferential Policies on Taxes and Fee Reductions for Poverty Alleviation (No. 18 of 2021)

2. Circular of the Ministry of Finance and the General Administration of Taxation of the Ministry of Human Resources and Social Security of the State Council's Poverty Alleviation Office on Tax Policies Relating to Further Supporting and Promoting Entrepreneurship and Employment of Key Groups (Cai Shui [2019] No. 22)

(xvi) Policy on Deductions of Taxes and Fees for the Absorption of Employment of Key Groups

Policy Bases

1. Bureau of Rural Rejuvenation of the Ministry of Finance, the General Administration of Taxation of the Ministry of Human Resources, and Social Security Announcement on Extending the Implementation Period of Some Preferential Tax Policies for Poverty Alleviation (No. 18 of 2021)

2. Circular of the Ministry of Finance and the General Administration of Taxation of the Ministry of Human Resources and the Ministry of Social Security of the State Council's Office of Poverty Alleviation on the Tax Policies Relating to Further Supporting and Promoting Entrepreneurship and Employment of Key Groups (Cai Shui [2019] No. 22)

(xviii) Pre-tax Deduction of Income Tax on Donations by Enterprises for Poverty Alleviation Policies

Policy Basis

1. Announcement of the Ministry of Finance, the General Administration of Taxation, the Ministry of Human Resources and Social Security, and the Rural Revitalization Bureau on the Extension of the Implementation Period of Some Preferential Tax Policies for Poverty Alleviation (No. 18 of 2021)

2. Announcement of the Ministry of Finance, the General Administration of Taxation and the Poverty Alleviation Office of the State Council on the Policy on Pre-tax Deduction of Income Tax on Donations by Enterprises to Poverty Alleviation (2019 No. 49) (No. 18 of 2021)

(xviii) Policy of Exempting Donations of Goods for Poverty Alleviation from Value-added Tax (VAT)

Policy Basis

1. Announcement of the Ministry of Finance, the General Administration of Taxation, the Ministry of Human Resources and Social Security, the Rural Revitalization Bureau, on the Extension of the Implementation Deadline of Certain Preferential Tax Policies for Poverty Alleviation (No. 18 of 2021)

2. Announcement on the Policy of Exempting Donations of Goods from Value-added Tax (No. 55 of 2019)

(xix) Policy on Tax Deduction for Entrepreneurship of Independently Employed Retired Soldiers

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Period of Execution of Some Preferential Policies on Taxation (No. 4 of 2022)

2. Announcement of the Ministry of Finance and the State Administration of Taxation on Further Support for Self-Employed Retired Soldiers Circular of the Ministry of Finance and the State Administration of Taxation on Relevant Tax Policies on Further Supporting the Entrepreneurship and Employment of Independently Employed Elderly Soldiers (Cai Shui [2019] No. 21)

(xx) Policy on Deduction of Taxes and Fees for Employment of Elderly Soldiers and Men

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Period of Execution of Some Preferential Policies on Taxation (No. 4 of 2022)

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2. Notice of the Ministry of Finance and the State Administration of Taxation of the Retired Military Personnel Ministry on Tax Policies Related to Further Supporting the Entrepreneurship and Employment of Independently Employed Retired Soldiers and Soldiers (Cai Shui [2019] No. 21)

(XXI) Policy on Exemption of Property Tax, Urban Land-Use Tax and Value-Added Tax for Scientific and Technological Enterprise Incubators and Other Enterprises

Basis of Policy

1. Announcement on Extending the Implementation Period of Some Preferential Tax Policies (No. 4 of 2022)

2. Circular of the Ministry of Finance, the State Administration of Taxation, the Ministry of Science and Technology, and the Ministry of Education on the Taxation Policies of Science and Technology Business Incubators, University Science and Technology Parks, and Crowd Creation Spaces (Caixian [2018] No. 120)

(xxii) Policy on the Exemption of Student Apartments of Colleges and Universities from Property Tax and Stamp Duty

Policy Based on

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Implementation Period of Some Preferential Tax Policies (No. 4 of 2022)

2. Circular of the Ministry of Finance and the State Administration of Taxation on the Policy of Property Tax and Stamp Duty on Student Apartments in Colleges and Universities (Cai Shui [2019] No. 14)

(xxiii) Exemption of urban land from taxation for urban bus stations and other operating sites Use Tax Policy

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Implementation Period of Some Preferential Tax Policies (No. 4 of 2022)

2. Circular of the Ministry of Finance and the State Administration of Taxation on the Continuation of Preferential Policies of Reducing or Exempting the Urban Land Use Tax for Urban Bus Station Yards, Road Passenger Transportation Terminal Yards, and Urban Railway Transportation Systems (Cai Shui [2019] No. 11)

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(xxiv) Policies on Property Tax and Urban Land Use Tax Exemption for Agricultural Products Wholesale Markets and Farmers' Markets

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Period of Implementation of Certain Preferential Tax Policies (No. 4, 2022)

2. Notice on the Preferential Policies on Property Tax and Urban Land Use Tax for Farmers' Markets in Wholesale Markets (Cai Shui [2019] No. 12)

(xxv) Policy on Reducing and Exempting Enterprise Income Tax for Third-Party Enterprises Engaged in Pollution Prevention and Control

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Period of Execution of Certain Preferential Tax Policies (No. 4 of 2022)

2. Announcement of the Ministry of Finance, the State Administration of Taxation, the Development and Reform Commission, and the Ministry of Ecology and Environment on Issues Concerning Income Tax Policies for Third-Party Enterprises Engaged in the Prevention and Treatment of Pollution (No. 60 of 2019)

(xxvi) Policy on Supporting Protection and Rescue of Epidemics and Other Exemptions from Individual Income Tax

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of Implementation Period of Certain Tax Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Implementation Period of Some Preferential Tax Policies (No. 4 of 2022)

2. Announcement of the Ministry of Finance and the State Administration of Taxation on the Individual Income Tax Policies on Supporting the Prevention and Control of New Type of Coronary Virus-Infected Pneumonia Epidemics (No. 10 of 2020)

(xxviii) Policy of Exemption of Commodity Stockpiles from Stamp Duty, Property Tax, and Urban Land-Use Tax

Policy Bases

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1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Continuation of Preferential Tax Policies on the Stockpiling of Commodities by Some Countries (No. 8 of 2022)

2. Announcement of the Ministry of Finance and the State Administration of Taxation on the Tax Policies Relating to Commodities in the Stockpiling of Commodities by Some Countries (No. 77 of 2019)

(xxviii) Manufacturing small, medium-sized, and micro-enterprises continue to defer the payment of the 2021 Partial Taxes and Fees for the Fourth Quarter

Policy Basis

1. Announcement of the State Administration of Taxation and the Ministry of Finance on the Continuation of Matters Relating to the Deferral of Payment of Partial Taxes and Fees by Small, Medium-sized and Micro Enterprises in the Manufacturing Sector (No. 2 of 2022)

2. Announcement (No. 30 of 2021)

(xxix) Policy on VAT Credits and Deductions for Production and Living Services Industry

Policy Basis

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the VAT Policies Related to the Promotion of the Relief and Development of the Difficult Industries in the Field of the Service Industry (No. 11 of 2022)

2. Announcement of the General Administration of Customs on Policies Related to Deepening VAT Reform (No. 39 of 2019)

3. Announcement of the Ministry of Finance and the State Administration of Taxation on Clarifying Policies on VAT Addition and Deduction in the Living Service Industry (No. 87 of 2019)

(30) Preferential Policies on Taxes Related to Venture Capital Enterprises and Angel Investments in Individuals

Policy Bases

1.Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of the Implementation of the Conditions of the Policies for Venture Capital Enterprises and Angel Investment Individuals to Invest in Start-up Science and Technology Enterprises (No. 6 of 2022)

2.Circular of the Ministry of Finance and the State Administration of Taxation on the Implementation of Inclusive Taxation Reductions and Exemptions Policies for Micro and Small Enterprises (Caixian [2019] No. 13)

3.Notice of the Ministry of Finance and the State Administration of Taxation on the Notice on Relevant Tax Policies for Venture Capital Enterprises and Angel Investment Individuals (Cai Shui [2018] No. 55)

(xxxi) Preferential Policies on Individual Income Tax for Full-Year Lump-Sum Bonus

Policy Basis

1. Announcement on the Renewal of Preferential Policies on Individual Income Tax for Full-Year Lump-Sum Bonus and Other Individual Income Taxes of the Ministry of Finance and the State Administration of Taxation (No. 42 of 2021)

2. Notice of the Ministry of Finance and the State Administration of Taxation on the Convergence of Relevant Preferential Policies after the Revision of the Individual Income Tax Law (No. 164 of Cai Shui [2018])

(32) Preferential Policies on Individual Income Tax for Equity Incentives of Listed Companies

Policy Basis

1. Notice of the Ministry of Finance and the State Administration of Taxation on the Renewal of Preferential Policies for Individual Income Tax on Full-Year Lump-Sum Bonuses and Other Announcement on Preferential Policies on Individual Income Tax (No. 42 of 2021)

2. Circular of the Ministry of Finance and the State Administration of Taxation on the Issues Convergence of Relevant Preferential Policies after the Revision of the Individual Income Tax Law (Cai Shui [2018] No. 164)

(xxxiii) Preferential Policies on Individual Income Tax on Allowances and Subsidies for Foreign Individuals

Policy Bases

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the Continuation of Preferential Policies on Individual Income Tax for Allowances for Foreign Individuals and Other Related Individual Income Tax Policies (No. 43 of 2021)

2. Circular of the Ministry of Finance and the State Administration of Taxation on the Issues of Convergence of Preferential Policies after the Revision of the Individual Income Tax Law (Caixian [2018] No. 164)

(xxxiv) Stage-by-Stage Reduction of the Unemployment Insurance and Work Injury Insurance Premium Rate Policy

Policy Basis

1. Notice of the Ministry of Human Resources and Social Security and the Ministry of Finance and the State Administration of Taxation on Doing a Good Job of Stabilizing Positions and Improving Skills to Prevent Unemployment in Unemployment Insurance (MHRSS [2022] No. 23)

2. Notice of the Ministry of Human Resources and Social Security and the Ministry of Finance on the Continuing Phased Reduction of Social Insurance Premium Rates (MHRSS [2018] No. 25)

3. No. 25, 2018)

3. Circular of the Ministry of Human Resources and Social Security and the Ministry of Finance on Issues Related to the Staged Reduction of Unemployment Insurance Premium Rates (Issued by the Ministry of Human Resources and Social Security [2017] No. 14)