The tax policy has been updated, and the post scientific and technological achievements have been converted into cash rewards to enjoy tax incentives. The relevant departments issued the Notice on Individual Income Tax Policy on Cash Rewards for Scientific and Technological Personnel Obtaining Post Scientific and Technological Achievements. Non-profit research and development institutions and institutions of higher learning established with legal approval can pay individual income tax according to the provisions of the Law of People's Republic of China (PRC) on Promoting the Transformation of Scientific and Technological Achievements, and the cash reward given to scientific and technological personnel from the income from the transformation of post scientific and technological achievements can be reduced by 50%.

In addition, the relevant departments issued the Announcement on Relevant Issues Concerning the Collection and Management of Individual Income Tax for Scientific and Technical Personnel Obtaining Post-related Scientific and Technological Achievements, clarifying that the individual income tax return for scientific and technical personnel obtaining post-related scientific and technological achievements should be submitted to the competent tax authorities within 15 days from the date of publication.

Measures for the administration of pre-tax deduction vouchers for enterprise income tax

In order to strengthen the management of pre-tax deduction vouchers of enterprise income tax, standardize tax enforcement and optimize the business environment, State Taxation Administration of The People's Republic of China formulated the Measures for the Administration of Pre-tax Deduction vouchers of enterprise income tax, which clarified the relevant requirements of pre-tax deduction vouchers of enterprise income tax and implemented them.

Use the new monthly (quarterly) prepayment declaration form for enterprise income tax.

People's Republic of China (PRC) State Taxation Administration of The People's Republic of China released "About the release"

Preferential personal income tax policy for angel investment.

The relevant departments issued the Notice on Individual Tax Policies for Venture Capital Enterprises and Angel Investment. If an angel investor directly invests in a technology-based enterprise by way of equity investment for two years, the taxable income obtained by transferring the equity of a start-up technology-based enterprise can be deducted by 70% of the investment amount; If the current period is insufficient for deduction, it can be carried forward for deduction when the taxable income of equity transfer of start-up technology-based enterprises is obtained in the future;

Import duties are levied on some items and enterprises that import equipment listed in the catalogue of major technical equipment and products that are not exempt from tax.

The relevant departments jointly issued the Notice on Adjusting the Relevant Catalogue of Import Tax Policies for Major Technical Equipment. All items and enterprises that import equipment listed in the catalogue of major technical equipment and products that are not exempted from import tax will be subject to import tax according to regulations.