The Ministry of Finance and the State Administration of Taxation recently jointly issued an announcement to clarify the value-added tax policies such as the free transfer of stocks.
According to the announcement, when a taxpayer transfers stocks for free, the transferor will use the purchase price of the stock as the selling price, and the value-added tax will be calculated and paid according to the "financial commodity transfer"; when the transferor retransfers the above-mentioned stocks, the original transfer The selling price of the exporter is the buying price, and the value-added tax is calculated and paid in accordance with the "financial commodity transfer".
Starting from August 20, 2019, financial institutions have issued interest income from small loans with a period of more than 1 year (excluding 1 year) to less than 5 years (excluding 5 years) to small businesses, micro businesses and individual industrial and commercial households , You can choose the one-year loan market quotation interest rate or the five-year or more loan market quotation rate announced by the National Interbank Funding Center authorized by the People’s Bank of China to apply the "Ministry of Finance and Taxation Administration on Financial Institutions’ Small and Micro Enterprise Loan Interest Income Exemption Tax Policy Notice" stipulated in the VAT exemption policy.
The behavior of land owners to requisition land in accordance with the law and pay land users compensation for land and related tangible movable and immovable properties falls within the provisions of Article 1 (37) of the Provisions on the Transitional Policy for the Pilot Reform of Business Tax to Value-Added Tax Of land users returning land use rights to land owners.
This announcement shall be implemented from the date of release.
Unhandled matters that have occurred before shall be implemented in accordance with the provisions of this announcement.
(Headquarters CCTV reporter Wang Shantao)