1. Small-scale taxpayers of VAT, with taxable sales income subject to a 3% levy rate, shall be subject to a reduced VAT levy rate of 1%; and with prepaid VAT items subject to a 3% pre-payment rate, shall be subject to a reduced pre-payment rate of 1% for prepayment of VAT.
Execution Period: December 31, 2021
Basis of Policy: Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of Some Preferential Tax Policies for Responding to the Epidemic Situation (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), Announcement of the Ministry of Finance and the State Administration of Taxation on the Support of Individual Industrial and Commercial Households in Resumption of Work and Resumption of Business with Value-added Tax Policies (Announcement of the Ministry of Finance and the State Administration of Taxation 2020) (Announcement No. 13 of the Ministry of Finance and the State Administration of Taxation of 2020)
2. Taxpayers are exempted from value-added tax (VAT) on income derived from the provision of movie projection services.
(Film projection service refers to the film audio-visual service provided to the audience by units holding the Film Projection Operation License using professional cinema projection equipment.)
Execution Period: December 31, 2021
Policy Basis: Announcement of the Ministry of Finance and the State Administration of Taxation on the Renewal of the Implementation of Some Preferential Tax Policies for Responding to the Epidemic (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), Announcement of the Ministry of Finance and the State Administration of Taxation on the Policy of Supporting the Taxes for the Movie and Other Industries (Announcement of the Ministry of Finance and the State Administration of Taxation No. 25 of 2020)
3. Enterprises producing key protection materials for epidemic prevention and control can apply to the competent tax authorities on a monthly basis for a full refund of the incremental VAT tax credit.
(The incremental tax allowance refers to the newly increased tax allowance at the end of the period compared with the end of December 2019.
The list of enterprises producing key protection materials for epidemic prevention and control shall be determined by the development and reform departments and industry and information technology departments at the provincial level and above.)
Execution period: March 31, 2021
Policy basis: "Announcement of the Ministry of Finance and the State Administration of Taxation on the Continuation of the Implementation of Some Preferential Tax Policies for Responding to the Epidemic Situation" (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), "Announcement of the Ministry of Finance and the State Administration of Taxation on the Tax Policies Relating to Supporting the Prevention and Control of the Pneumonia Epidemic of Novel Coronavirus Infections" (Finance Ministry and the State Administration of Taxation Announcement No. 8 of 2020)
4. Taxpayers are exempted from value-added tax (VAT) on income derived from the transportation of key protection materials for epidemic prevention and control.
(The specific scope of the key protection materials for epidemic prevention and control shall be determined by the National Development and Reform Commission and the Ministry of Industry and Information Technology.)
Execution Period: March 31, 2021
Policy Basis: Announcement of the Ministry of Finance and the State Administration of Taxation on the Renewal of the Implementation of Preferential Policies on Partial Taxes and Fees for Responding to the Epidemic Situation (Announcement No. 7 of the Ministry of Finance and the State Administration of Taxation of 2021), Announcement of the Ministry of Finance and the State Administration of Taxation on the Relevant Taxation Policies for Supporting the Prevention and Control of the Pneumonia Epidemic of Novel Coronavirus Infection (Announcement No. Announcement No. 8 of 2020)
5. Taxpayers are exempted from value-added tax (VAT) on income derived from the provision of public **** transportation services, living services, and the provision of express delivery and collection services of essential living materials for residents.
(The specific scope of public **** transportation services is in accordance with the Provisions on Matters Relating to the Pilot Business Tax to Value-added Tax (issued by Cai Shui [2016] No. 36).
The specific scope of living services and courier collection and delivery services shall be implemented in accordance with the Notes on the Sale of Services, Intangible Assets and Real Estate (issued by Cai Shui [2016] No. 36).)
Execution period: March 31, 2021
Policy basis: the Announcement of the Ministry of Finance and the State Administration of Taxation on the Renewal of the Implementation of Preferential Policies on Partial Taxes and Fees for Responding to the Epidemic Situation (Announcement No. 7 of the Ministry of Finance and the State Administration of Taxation of 2021), the Announcement of the Ministry of Finance and the State Administration of Taxation on the Relevant Tax Policies for Supporting the Prevention and Control of the Pneumonia Epidemic of the Novel Coronavirus Infected with Pneumonia (Announcement No. Announcement No. 8 of 2020)
6. Units and individual industrial and commercial households that donate their self-produced, commissioned or purchased goods for free for the purpose of responding to the epidemic of pneumonia infected by the new coronavirus through state organs such as public welfare social organizations and people's governments at or above the county level and their departments, or directly to hospitals undertaking the task of epidemic prevention and control are exempted from value-added tax (VAT), consumption tax (VAT), urban maintenance and construction tax (UMCT), education surcharge and local education surcharge.
Execution Period: March 31, 2021
Basis of Policy: Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of Preferential Policies on Partial Taxes and Fees for Responding to Epidemics (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), Announcement on Tax Policies on Donations to Support the Prevention and Control of Pneumonia Epidemics of Novel Coronavirus (Announcement of the Ministry of Finance and the State Administration of Taxation No. 9 of 2020)
Declaration
Channels:
If you are a VAT small-scale taxpayer, you can make declaration through @ShenzhenTax's "Intelligent Declaration of VAT Small Scale", "Zero Declaration Package for the Current Period", or the e-Tax Bureau. You can make declaration through @ShenzhenTax "VAT small-scale intelligent declaration", "zero declaration package for this period" or E-Tax Bureau.
If you are a general VAT taxpayer, you can make declaration through @ShenzhenTax "Zero Declaration Package for the Current Period" or E-Tax Bureau.
Enterprise Income Tax (EIT)
1. The newly purchased equipments for the expansion of production capacity of the key protection materials for epidemic prevention and control production enterprises are allowed to be deducted before EIT on a one-time basis by including them in the current cost.
(The list of enterprises producing key protection materials for epidemic prevention and control shall be determined by the development and reform departments and industry and information technology departments at the provincial level and above.)
Execution Period: March 31, 2021
Policy Basis: Announcement of the Ministry of Finance and the State Administration of Taxation on the Renewal of the Implementation of Preferential Policies on Partial Taxes and Fees for Responding to the Epidemic Situation (Announcement No. 7 of the Ministry of Finance and the State Administration of Taxation of 2021), Announcement of the Ministry of Finance and the State Administration of Taxation on the Relevant Tax Policies for Supporting the Prevention and Control of the Pneumonia Epidemic of the Novel Coronavirus Infected with Pneumonia (Announcement No. Announcement No. 8 of 2020)
2. Enterprises and individuals donating cash and goods for the purpose of responding to the pneumonia epidemic of new coronavirus infection through public welfare social organizations or state organs such as people's governments and their departments at or above the county level are allowed to deduct the full amount when calculating taxable income.
Implementation Period: March 31, 2021
Basis of Policy: Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of Some Preferential Tax Policies for Responding to the Epidemic (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), Announcement of Tax Policies for Donations to Support the Prevention and Control of Pneumonia Epidemic of Novel Coronavirus (Announcement of the Ministry of Finance and the State Administration of Taxation No. 9 of 2020)
3. Donations made by enterprises and individuals directly to hospitals undertaking the task of epidemic prevention and control for the purpose of responding to the epidemic of pneumonia infected by the new coronavirus are allowed to be fully deducted when calculating taxable income.
(Donors shall apply for pre-tax deduction with the donation acceptance letter issued by the hospital undertaking the task of epidemic prevention and control.)
Execution Period: March 31, 2021
Basis of Policy: Announcement of the Ministry of Finance and the State Administration of Taxation on the Extension of Preferential Policies on Partial Taxes and Fees for Responding to Epidemics (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), Announcement of Tax Policies for Donations to Support Prevention and Control of Pneumonia Epidemics Infected by Novel Coronavirus (Announcement of the Ministry of Finance and the State Administration of Taxation No. 9 of 2020)
Declaration
Channels:
You can make declarations through @SZTax's modules such as "Elementalized Declaration of Enterprise Income Tax Form A" and "Zero-Declaration Package for the Current Period", or through the e-Tax Bureau.
Personal Income Tax
1. Medical personnel and epidemic prevention workers participating in epidemic prevention and control work are exempted from personal income tax on temporary work allowances and bonuses according to the standards set by the government. The government-specified standards include the standards of subsidies and bonuses set by governments at all levels.
The temporary work subsidies and bonuses for personnel involved in epidemic prevention and control stipulated by the people's governments at the provincial level and above shall be implemented mutatis mutandis.
Implementation period: December 31, 2021
Policy basis: Announcement of the Ministry of Finance and the State Administration of Taxation on the Continuation of Some Preferential Tax Policies for Responding to the Epidemic Situation (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), Announcement of the Ministry of Finance and the State Administration of Taxation on the Individual Income Tax Policies Relating to Supporting the Prevention and Control of the Pneumonia Epidemic of Novel Coronavirus Infections (Announcement of the Ministry of Finance Announcement of the State Administration of Taxation No. 10 of 2020)
2. Medicines, medical supplies and protective articles in kind (excluding cash) issued by units to individuals for the prevention and control of pneumonia infected by the new coronavirus are not counted as wages and salaries and are exempted from individual income tax.
Execution period: December 31, 2021
Basis for the policy: Announcement of the Ministry of Finance and the State Administration of Taxation on the Continuation of Some Preferential Tax Policies for Responding to the Epidemic (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021), 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 Pneumonia Epidemic of the Novel Coronavirus (Announcement of the Ministry of Finance and the State Administration of Taxation No. 10 of 2020) Announcement of the State Administration of Taxation No. 10 of 2020)
Cultural Utility Construction Fee
Exempt from cultural utility construction fee.
Execution Period: December 31, 2021
Policy Basis: Announcement of the Ministry of Finance and the State Administration of Taxation on the Renewal of the Implementation of Some Preferential Tax Policies for Responding to the Epidemic Situation (Announcement of the Ministry of Finance and the State Administration of Taxation No. 7 of 2021); Announcement of the Ministry of Finance and the State Administration of Taxation on the Policy of Supporting the Taxes of Movies and Other Industries (Announcement of the Ministry of Finance and the State Administration of Taxation No. 25 of 2020)