Extend it for another four months

In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council, further support the development of small and medium-sized manufacturing enterprises, and continue to help enterprises solve their difficulties, on September 14, State Taxation Administration of The People's Republic of China and the Ministry of Finance jointly issued the Announcement on Matters Related to Continued Deferred Payment of Some Taxes and Fees by Small and Medium-sized Manufacturing Enterprises (2022 17, hereinafter referred to as the Announcement);

It is clear that from September 1 2022, according to the Announcement of the Ministry of Finance of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Continuing to Defer the Payment of Some Taxes and Fees by Small and Medium-sized Manufacturing Enterprises (No.2, 2022), the deferred payment period of 100% of medium-sized manufacturing enterprises and small and micro manufacturing enterprises will continue to be extended for four months after the expiration. Deferred tax payment is equivalent to an "interest-free loan" provided by the state for enterprises.

After the release of this announcement, the payment period of relevant taxes and fees in 202 110/0/0 will be automatically extended by four months, which can be paid at the same time when the relevant taxes and fees in February 2022 are declared and paid in June 20231reporting period, and the payment time of relevant taxes and fees will be extended1.

It is understood that in order to facilitate taxpayers to enjoy this policy, the tax authorities have optimized and upgraded the information system. Small and medium-sized manufacturing enterprises have enjoyed the policy of deferred tax payment according to Announcement No.2 in 2022. After the expiration of deferred payment, taxpayers do not need to operate. The deferred payment period is automatically extended for 4 months.