Chinanews.com, January 16. According to news from the website of the Ministry of Finance on the 16th, the Ministry of Finance and the State Administration of Taxation issued the "Announcement on Continuing the Implementation of Preferential Individual Income Tax Policies".
In order to support the innovative development of Chinese enterprises and the opening of the capital market to the outside world, the relevant preferential policies for individual income tax are hereby announced as follows:
1. The "Announcement of the Ministry of Finance and the State Administration of Taxation on Continuing the Implementation of Individual Income Tax Preferential Policies such as Annual One-off Bonuses" (Announcement No. 42 [2021] of the Ministry of Finance and the State Administration of Taxation) stipulates that the preferential tax policy for listed companies' equity incentives shall be calculated separately from 2023 It will continue to be implemented from January 1, 2023 to December 31, 2023.
2. "Announcement of the Ministry of Finance, the State Administration of Taxation and the China Securities Regulatory Commission on Continuing to Implement the Shanghai-Hong Kong, Shenzhen-Hong Kong Stock Market Connect Mechanism and the Individual Income Tax Policies Related to the Mutual Recognition of Mainland and Hong Kong Funds" (Announcement No. 93 of 2019 by the Ministry of Finance and the State Administration of Taxation and Securities Regulatory Commission ) will continue to be implemented from January 1, 2023 to December 31, 2023.
(China New Finance and Economics)
Screenshot of the announcement.
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