Chinanews Client Beijing, March 10th (Reporter Li Jinlei) Recently, the State Administration of Taxation issued a new version of the "Guidelines for Preferential Policies on Taxes and Fees in Response to the New Coronary Pneumonia Epidemic Situation", which supports protection and treatment, supplies, encourages charitable donations, and supports resumption of work. Interpretation of the 17 policies in the four aspects of resumption will help taxpayers and payers better grasp and enjoy various new preferential tax policies.
Data chart: Reworkers wear masks to work orderly in the production workshop. Photo by Chen Xin, reporter from China News Agency
According to the person in charge of the Department of Policies and Regulations of the State Administration of Taxation, compared with the version issued in February, the new "Guidelines" are more comprehensive, more detailed, and easier for taxpayers and payers to understand.
Among them, the first is to increase the new policy, the second batch of phased social security fee reduction, medical insurance cost reduction policies, and the third batch of phased reduction and exemption of small-scale taxpayer value-added tax policies; the second is to refine Contents, such as adding taxation notes for public transportation services, living services, and express delivery services under the entry "taxpayers provide public transportation services, living services, and residents' essential supplies and courier delivery services income are exempt from VAT"; Third, the list was supplemented, and under the item "taxpayers provide exemption from value-added tax for transportation of key protection materials for epidemic prevention and control", the list of key protection materials for epidemic prevention and control was added.
In terms of support for protection and treatment, personal income tax is exempted for temporary work subsidies and bonuses for government-prescribed standards for epidemic prevention and control; personal acquisition units and medical protective supplies for preventing new-type coronavirus infection and pneumonia are exempted from personal income tax.
In terms of supporting the supply of materials, the key guarantee material manufacturers for epidemic prevention and control will fully refund the incremental value-added tax credit for VAT; the taxpayers will provide exemption from VAT for the key guarantee materials for epidemic prevention and control; taxpayers provide public transportation services, Exemption from value-added tax on income from courier service delivery services for household services and residents' essential supplies; expansion of production capacity for key materials production enterprises for epidemic prevention and control; purchase of equipment allows for a one-time deduction before corporate income tax; Materials for epidemic control are exempt from customs duties.
In terms of encouraging public welfare donations, corporate income tax or personal income tax deductions are allowed to be deducted in full before corporate or personal income tax donations of cash and items donated through non-profit social organizations or people's governments at or above the county level and their departments; Hospital donations to respond to the epidemic are allowed to be deducted in full before corporate income tax or personal income tax ; free donations to respond to the epidemic are exempt from value-added tax, consumption tax, urban maintenance and construction tax, education surcharge, and local education surcharge; expanding the scope of donated duty-free imported materials.
In terms of supporting the resumption of work and production, the longest carry-over period for losses incurred by companies in difficult industries affected by the epidemic in 2020 was extended to 8 years; the VAT was reduced or exempted by small-scale taxpayers; Unemployment and work injury insurance unit payment; phased reduction and exemption of individual industrial and commercial households 'employees' endowment, unemployment, and work injury insurance; periodical reduction of basic medical insurance unit payment; and encourage localities to support rental by reducing or exempting urban land use taxes Fang is the individual industrial and commercial households to reduce or exempt property rent. (Finish)