China News Service, November 14 According to news from the Ministry of Finance website on the 14th, the Ministry of Finance and the State Administration of Taxation issued an announcement on the application of tax policies of the Beijing Stock Exchange.

The announcement pointed out that in order to support the further deepening of the reform of the national SME share transfer system (hereinafter referred to as the New Third Board), the selection layer was changed to the Beijing Stock Exchange (hereinafter referred to as the Beijing Stock Exchange). The CBEX tax policy application issues are clarified as follows:

  After the selected companies on the NEEQ are converted to listed companies on the Beijing Stock Exchange and the innovative companies listed on the Beijing Stock Exchange through public offering of shares, the personal income tax and stamp tax policies involved in investing in companies listed on the Beijing Stock Exchange are temporarily in accordance with the current NEEQ The applicable tax regulations are implemented.

Relevant policies related to corporate income tax and value-added tax shall be implemented in accordance with the Corporate Income Tax Law and its implementation regulations, the "Notice of the Ministry of Finance and the State Administration of Taxation on Comprehensively Launching the Pilot Program for the Reform of Business Tax to Value-Added Tax" (Caishui [2016] No. 36) and relevant regulations.

Screenshot of the Ministry of Finance website