According to the document Caishuizi [1998] No.33, the edge-selling tea exclusively used by the national designated enterprises and distribution units shall be exempted from value-added tax before the end of 2000; According to (94) CaishuiziNo.. 1, newly established independent accounting enterprises or business units engaged in consulting, information and technical services are exempt from agricultural income tax from 1 to the second year.
Temporary tax exemption is a special provision for individual taxpayers who are unable to fulfill their tax obligations due to special difficulties or require to reduce their tax obligations due to special reasons. This kind of tax exemption is generally only stipulated in principle in tax laws and regulations, not tax exemption.
What kind of industry or project is limited to? It is usually tax-free on a regular or one-time basis, which is characterized by uncertainty and unpredictability. Therefore, this kind of tax exemption, like specific tax exemption, generally requires taxpayers to apply, and the tax authorities can enjoy tax-free care only after reviewing and approving it within the prescribed authority. For example, according to the Provisional Regulations on Enterprise Income Tax, if an enterprise encounters serious natural disasters such as wind, fire, water and earthquake and it is really difficult to pay taxes, it may be exempted from income tax 1 year with the approval of the competent tax authorities.