The two departments clarify that a number of individual tax preferential policies will continue to be implemented

　　Xinhua News Agency, Beijing, December 31 (Reporters Shen Cheng and Wang Yuxiao) The Ministry of Finance and the State Administration of Taxation issued two announcements on December 31, clarifying that a number of individual tax preferential policies will continue to be implemented.

　　The executive meeting of the State Council held a few days ago decided to continue the implementation of some preferential personal income tax policies.

The announcement issued by the two departments on December 31 further clarified the above deployment.

According to the announcement, the "Notice of the Ministry of Finance and the State Administration of Taxation on the Connection of Preferential Policies after the Amendment of the Individual Income Tax Law" (Caishui [2018] No. 164) stipulates that the annual one-off bonus individual taxation preferential policy is extended to 2023. On 31st; the preferential taxation policy for the separate calculation of equity incentives for listed companies, the implementation period was extended to December 31, 2022.

The "Announcement of the Ministry of Finance and the State Administration of Taxation on the Relevant Policy Issues concerning the Settlement and Payment of Comprehensive Income of Individual Income Tax" (Announcement No. 94 of 2019 of the Ministry of Finance and State Administration of Taxation) stipulates that the preferential policy of exemption from the settlement and payment of comprehensive income of individual income tax shall be implemented. The deadline was extended to December 31, 2023.

　　In addition, the announcement stated that the “Notice of the Ministry of Finance and the State Administration of Taxation on the Connection of Preferential Policies after the Amendment of the Individual Income Tax Law” (Caishui [2018] No. 164) stipulates that the preferential policies for subsidies and subsidies for foreign individuals and the tenure incentives for the heads of central enterprises shall be counted separately. The implementation period of the preferential tax policy is extended to December 31, 2023.