快速导航×

Announcement on Continued Implementation of Some Preferential Tax/Fee Policies for Responding to the2021-03-17 11:21:43

Announcement on Continued Implementation of Some Preferential Tax/Fee Policies for Responding to the COVID-19 Epidemic

Announcement [2021] No. 7 of the Ministry of Finance State Taxation Administration

For the purposes of further supporting epidemic prevention and control, bailing out enterprises and helping them in develop, announcement is hereby made on the relevant taxes and fees as follows:

I. The implementation period for the tax incentives stipulated in the Announcement of Ministry of Finance and State Taxation Administration on Value-added Tax Policies for Supporting Individually-owned Businesses to Resume Business (Announcement  [2020] No. 13 of the Ministry of Finance and State Taxation Administration) is extended to 31 December 2021. Specifically, during the period from 1 April 2021 to 31 December 2021, the taxable sales income of small-scale value added tax ("VAT") payers in Hubei Province to which the 3% levy rate is applicable are entitled to a reduced levy rate of 1% for VAT; and the prepaid VAT items to which the 3% levy rate is applicable are entitled to a reduced levy rate of 1% for VAT.

II. Where the tax incentives stipulated in the Announcement of Ministry of Finance and State Taxation Administration on Individual Income Tax Policies for Supporting Prevention and Control of COVID-19 Epidemic (Announcement [2020] No. 10 of Ministry of Finance and State Taxation Administration) and the Announcement of Ministry of Finance and State Taxation Administration on Tax Support Policies for Industries Including Films (Announcement [2020] No. 25 of Ministry of Finance and State Taxation Administration) have expired, the implementation period shall be extended to 31 December 2021.

III. Where the tax incentives stipulated in the Announcement of Ministry of Finance and State Taxation Administration on Tax Policies for Supporting Prevention and Control of COVID-19 Epidemic (Announcement [2020] No. 8 of Ministry of Finance and State Taxation Administration) and the Announcement of Ministry of Finance and State Taxation Administration on Tax Policies for Donations for Supporting Prevention and Control of COVID-19 Epidemic (Announcement [2020] No. 9 of Ministry of Finance and State Taxation Administration) have expired, the implementation period shall be extended to 31 March 2021.

IV. Taxes and fees levied during the period from 1 January 2021 to the date of promulgation of this Announcement which shall be reduced or exempted pursuant to this Announcement may be offset against taxes and fees payable by the taxpayers or payers in the future or refunded.

Ministry of Finance

State Taxation Administration

17 March 2021