In order to encourage innovation and entrepreneurship and reduce the burden on taxpayers, the Xiangyang tax department will strictly implement a series of preferential policies recently introduced by the central government and the provincial government to support the prevention and control of the epidemic and the development of enterprises, and at the same time, explore a number of forms of service, so that the majority of taxpayers can get the benefits effectively. Preferential policies are summarized into two main categories:
One category is universal preferential policies
1. For taxpayers who can't handle the February tax declaration before March 6, 2020, they can continue to do so before March 31st. If they suffer significant losses due to the impact of the epidemic and have difficulties in paying urban land use tax and property tax, they will be reduced or exempted from urban land use tax and property tax in accordance with the law upon approval by the tax authorities.
From February to June 2020, all types of insured units will be exempted from the unit contributions for basic pension insurance for enterprise employees, unemployment insurance and industrial injury insurance. Regarding the preferential policies on employee medical insurance, the State Council has made the principle provisions, the provincial government is working on the specific preferential standards, when the document is officially issued, it will be strictly enforced.
2. For small-scale taxpayers of VAT, the taxable sales income applying the 3% levy rate will be exempted from VAT from March 1 to May 31, 2020; the prepaid VAT items applying the 3% pre-payment rate will be suspended from pre-payment of VAT.
3. The deadline for making up losses incurred in 2020 by four major categories of enterprises in difficulty affected by the epidemic, including transportation, catering, accommodation and tourism, has been extended from five to eight years.
Another category of tax incentives for specific targets
1. Enterprises producing key protection materials for epidemic prevention and control can apply for a refund of incremental VAT tax credits on a monthly basis; expenditures on related equipment purchased to expand production capacity are allowed to be deducted on a one-time basis before the current corporate income tax.
2. Imported materials donated for epidemic prevention and control are exempted from import tariffs and import-related value-added tax and consumption tax. Units and individual industrial and commercial households will be self-produced, commissioned or purchased goods, through public welfare social 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 the response to the new Crown Pneumonia epidemic, exempted from value-added tax and surtax.
3. The property and land used for epidemic prevention and control by each non-profit medical institution and each community are exempted from property tax and urban land use tax according to regulations. The purchase of houses and land for epidemic prevention and control is exempted from the deed tax.
4. Taxpayers are exempted from value-added tax (VAT) on the income derived from the transportation of key protection materials for epidemic prevention and control, the provision of public ****transportation services, living services, and the provision of express delivery services of essential living materials for residents. During the period of epidemic prevention and control, individual industrial and commercial households operating vegetables in various places are exempted from taxes and fees payable.
5. From January 1, 2020, medical personnel and epidemic prevention workers participating in epidemic prevention and control are exempted from personal income tax on temporary work subsidies and bonuses obtained in accordance with standards set by the government.
6. Individuals are exempted from personal income tax from Jan. 1, 2020, on medicines, medical supplies and protective gear in kind issued by their units for use in preventing new crowns.
The Xiangyang tax department will strictly implement the above preferential policies, while exploring the following four forms of service:
1. Explore the "non-contact" approach. Tax-related matters, online; non-essential, do not enter the hall. Taxpayers can handle tax and fee collection and exemption business online through "non-contact" ways such as e-Tax Bureau, mobile APP, and unit social security fee declaration client.
2. Online invoice application. Taxpayers to apply for invoices online, free delivery. From 0:00 on February 14, 2020, to 24:00 on April 30, taxpayers can apply for invoices through the e-Tax Bureau, and the postal service will deliver them free of charge.
3. Comprehensively promote reminder services. The company takes the initiative to dock with relevant departments such as health care, economic and information, finance, and Red Cross, etc., and carries out big data analysis by using the "Jin San" system to screen out those who meet the conditions for exemption and remission, and then pushes them to the taxpayers through telephone, SMS, and WeChat to remind them to handle the relevant tax-related business according to the preferential policies.
4. Actively expanding appointment processing. For those who really need to go to the tax service hall to handle business, we actively provide appointment service and reasonably arrange the handling time. Every day, according to the flow of personnel and the degree of urgency of business, the tax office will timely strengthen the telephone and micro-letter contact and communication with taxpayers and fee-payers, prompting them to stagger their processing and reduce the gathering of personnel.
5. Humanized service with heart. For taxpayers affected by the epidemic who make late declarations or submit relevant information late, they are exempted from administrative penalties, and the relevant records are not included in the evaluation of tax credit. For taxpayers who have not declared late, they will not be recognized as non-normal households according to the current regulations. If the applicant for administrative reconsideration is affected by the epidemic and delays the statutory application deadline, the application deadline will continue to be calculated from the date of elimination of the impact.