Two departments: Continue the implementation of some preferential tax and fee policies in response to the epidemic until December 31

　　China News Service, March 23. According to the website of the Ministry of Finance, the Ministry of Finance and the State Administration of Taxation recently issued an announcement on the continuation of some preferential tax policies in response to the epidemic (hereinafter referred to as the announcement).

The announcement pointed out that the "Announcement of the Ministry of Finance and the State Administration of Taxation on Supporting Individual Industrial and Commercial Households' Value-Added Tax Policies" (Announcement No. 13, 2020 of the Ministry of Finance and Taxation Administration) will extend the implementation period to December 31, 2021.

　　The announcement stated that the "Announcement of the Ministry of Finance and the State Administration of Taxation on Supporting Individual Industrial and Commercial Households Resuming Work and Resumption of Value-Added Tax Policies" (Ministry of Finance and State Administration of Taxation Announcement No. 13 of 2020) will extend the implementation period to December 31, 2021.

Among them, from April 1, 2021 to December 31, 2021, small-scale VAT taxpayers in Hubei Province shall apply the taxable sales income at a rate of 3%, and the VAT shall be levied at a reduced rate of 1%; a 3% rate is applicable. For items of pre-paid value-added tax with a levy rate, the pre-paid value-added tax shall be reduced at a rate of 1%.

　　The announcement pointed out that the "Announcement of the Ministry of Finance and the State Administration of Taxation on Supporting the Prevention and Control of the Novel Coronavirus Pneumonia Epidemic Prevention and Control of Individual Income Tax Policies" (Announcement No. 10 of 2020 of the Ministry of Finance and the State Administration of Taxation) The “Announcement on Supporting Policies” (Announcement No. 25, 2020 of the Ministry of Finance and the State Administration of Taxation) stipulated that the preferential tax policies have expired, the implementation period will be extended to December 31, 2021.

　　The announcement stated that the “Announcement of the Ministry of Finance and the State Administration of Taxation on Supporting the Prevention and Control of the Novel Coronavirus Infection of the Pneumonia Epidemic” (Announcement No. 8 of 2020) and the “Announcement of the State Administration of Taxation of the Ministry of Finance on Supporting the Novel Coronavirus Infection” The Announcement on Donation Tax Policies for the Prevention and Control of Pneumonia Epidemic Situation (Announcement No. 9 of 2020 of the Ministry of Finance and Taxation Administration of the Ministry of Finance) has expired, and the implementation period will be extended to March 31, 2021.

　　The announcement made it clear that from January 1, 2021 to the date of this announcement, the taxes and fees that have been levied that should be reduced or exempted in accordance with the provisions of this announcement can be deducted from the taxpayers or payers in the future to pay taxes or refunds.