Announcement on Tax Policies to Support the Prevention and Control of Pneumonia Infected in novel coronavirus; Announcement No.8 of the Ministry of Finance and the State Administration of Taxation in 2020

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In order to further improve the prevention and control of pneumonia in novel coronavirus and support the development of related enterprises, the relevant tax policies are hereby announced as follows:

First, the related equipment newly purchased by the key materials production enterprises for epidemic prevention and control to expand their production capacity is allowed to be included in the current cost at one time and deducted before enterprise income tax.

Two, the epidemic prevention and control of key materials production enterprises can apply to the competent tax authorities for a full refund of the incremental VAT tax credit on a monthly basis.

The incremental tax allowance mentioned in this announcement refers to the newly increased tax allowance at the end of 20 19 12.

The list of key materials production enterprises for epidemic prevention and control mentioned in Articles 1 and 2 of this announcement shall be determined by the development and reform departments at or above the provincial level and the departments of industry and information technology.

Three, the taxpayer's income from transporting key materials for epidemic prevention and control shall be exempted from value-added tax.

The specific scope of key materials for epidemic prevention and control shall be determined by the National Development and Reform Commission and the Ministry of Industry and Information Technology.

Four, the losses of enterprises in difficult industries that are greatly affected by the epidemic in 2020, the longest carry-over period is extended from 5 years to 8 years.

Enterprises in difficult industries, including transportation, catering, accommodation and tourism (referring to travel agencies and related services, and scenic spot management), shall be judged according to the current National Economic Industry Classification. The main business income of enterprises in difficult industries in 2020 must account for more than 50% of the total income (excluding non-taxable income and investment income).

Five, to taxpayers to provide public transportation services, living services, and to provide residents with essential living materials express delivery service income, shall be exempted from value-added tax.

The specific scope of public transportation services shall be implemented in accordance with the Provisions on Relevant Matters Concerning the Pilot Reform of Business Tax to Value-added Tax (Cai Shui [2016] No.36).

The specific scope of life service and express delivery service shall be implemented in accordance with the Notes on Sales Service, Intangible Assets and Real Estate (issued by Caishui [2016] No.36).

VI. This announcement shall be implemented as of 2020 1 month/day, and the deadline shall be announced separately depending on the epidemic situation.

Ministry of Finance and State Administration of Taxation

Announcement on the implementation period of tax and fee policies to support epidemic prevention, control and supply, etc. Announcement No.28, 2020 of the Ministry of Finance and the State Administration of Taxation

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In order to support epidemic prevention and control, enterprise bail-out and resumption of production, the implementation period of relevant tax and fee policies is hereby announced as follows:

The Ministry of Finance? Announcement of the State Administration of Taxation on Relevant Tax Policies to Support the Prevention and Control of Pneumonia Infected in novel coronavirus (Ministry of Finance? Announcement No.8, 2020 of the State Administration of Taxation) and Ministry of Finance? Announcement of the State Administration of Taxation on Supporting the Prevention and Control of Pneumonia Infected in novel coronavirus on Donation Tax Policies (Ministry of Finance? Announcement No.9, 2020 of the State Administration of Taxation) and Ministry of Finance? Announcement of the State Administration of Taxation on Supporting Individual Income Tax Policies for Prevention and Control of Pneumonia Infected in novel coronavirus (Ministry of Finance? AnnouncementNo. 10 of the State Administration of Taxation, Ministry of Finance? Announcement of the National Development and Reform Commission on Exempting Some Administrative Fees and Government Funds during the Prevention and Control of Pneumonia Infected in novel coronavirus (Ministry of Finance? The preferential tax policies stipulated in AnnouncementNo. 1 1 of the National Development and Reform Commission in 2020 will be implemented until 20201February 3 1 day.

It is hereby announced.