Announcement on Tax Policies to Support the Prevention and Control of the Pneumonia Epidemic Infected by New CoronavirusesMinistry of Finance, State Administration of Taxation Announcement No. 8 of 2020
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In order to further improve the prevention and control of the new coronavirus-infected pneumonia epidemic and support the development of related enterprises, the relevant tax policies are announced as follows:
I. For the newly purchased equipment for the expansion of production capacity of the key materials for epidemic prevention and control, it is allowed to be deducted before the enterprise income tax by one-time inclusion in the cost of the current period.
Two, the enterprises producing key protection materials for epidemic prevention and control can apply to the competent tax authorities for a full refund of the incremental VAT tax credit on a monthly basis.
The incremental tax credit referred to in this announcement refers to the newly increased tax credit 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 referred to in Article 1 and Article 2 of this announcement shall be determined by the development and reform departments and industry and information technology departments at the provincial level and above.
Third, the income obtained by taxpayers from the transportation of key protection materials for epidemic prevention and control shall be exempted from value-added tax (VAT).
The specific scope of 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.
Fourth, for losses incurred in 2020 by enterprises in difficult industries that are greatly affected by the epidemic, the maximum carry-over period will be extended from five years to eight years.
Difficulty industry enterprises, including transportation, catering, accommodation, tourism (refers to travel agencies and related services, excursion scenic area management of two categories) four categories, the specific judgment standards in accordance with the current "National Economic Industry Classification". The main business income of enterprises in difficult industries for the year 2020 must account for more than 50% of the total income (excluding non-taxable income and investment income).
V. Taxpayers are exempted from 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 shall be implemented in accordance with the Provisions on Matters Related 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 Sales of Services, Intangible Assets and Real Estate (issued by Cai Shui [2016] No. 36).
Sixth, this announcement shall be implemented as of January 1, 2020, and the deadline shall be announced separately depending on the epidemic situation.
Ministry of Finance, State Administration of Taxation
Announcement on the Deadline for the Implementation of Tax Policies on Supporting the Prevention and Control of Epidemic and Guaranteeing the Supply, etc. Ministry of Finance, State Administration of Taxation Announcement No. 28 of 2020
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In order to support the prevention and control of the epidemic, enterprise relief and resumption of work and production, the following is the announcement on the implementation period of the relevant tax and fee policies:
The Ministry of Finance? Announcement of the State Administration of Taxation on Relevant Tax Policies to Support the Prevention and Control of the Epidemic of Pneumonia Infected by New Coronavirus (Ministry of Finance? General Administration of Taxation Announcement No. 8 of 2020), "Ministry of Finance? Announcement of the State Administration of Taxation on Tax Policies on Donations to Support the Prevention and Control of the Pneumonia Epidemic Infected by the New Coronavirus (Ministry of Finance?). General Administration of Taxation Announcement No. 9 of 2020), Ministry of Finance? Announcement of the State Administration of Taxation on the Individual Income Tax Policies Related to Supporting the Prevention and Control of the Pneumonia Epidemic Infected by the New Coronavirus (MOF? General Administration of Taxation Announcement No. 10 of 2020), Ministry of Finance? Announcement of the National Development and Reform Commission on the Exemption of Some Administrative Fees and Government Funds during the Prevention and Control of the Pneumonia Epidemic Infected by the New Coronavirus (Ministry of Finance?). National Development and Reform Commission Announcement No. 11 of 2020) on tax and fee incentives shall be implemented until December 31, 2020.
This announcement is hereby made.