Annual preferential tax rate

According to the Announcement No. 7 of 2021 of the Ministry of Finance and the State Administration of Taxation:

VAT:

1. Small-scale VAT taxpayers are subject to a collection rate of 3 For taxable sales income, the value-added tax is levied at a reduced rate of 1%; for prepaid VAT items that are subject to a 3% pre-collection rate, the value-added tax is prepaid at a reduced rate of 1%. Preferential period: April 1, 2021 to December 31, 2021

2. Taxpayers in the production and daily service industries that are subject to the super deduction policy can apply for 10 super deductions or apply for 15 Add-on deduction. Discount period: April 1, 2019 to December 31, 2021 (10); October 1, 2019 to December 31, 2021 (15)

Personal income tax:

1. Starting from January 1, 2022, the preferential algorithm will no longer apply to individuals receiving year-end bonuses, and they can no longer be taxed separately. They should be incorporated into the comprehensive income of the year to calculate and pay personal income tax.

2. Medicines, medical supplies, protective equipment and other physical items (excluding cash) issued by the unit to individuals for the prevention of pneumonia caused by the new coronavirus infection will not be included in wages and salary income, and are exempt from personal income tax. . Discount period: January 1, 2021 to December 31, 2021

3. Temporary work subsidies and bonuses for medical personnel and epidemic prevention workers participating in epidemic prevention and control work shall be obtained in accordance with the standards stipulated by the government. Exemption from personal income tax. Preferential period: January 1, 2021 to December 31, 2021

4. If the person in charge of a central enterprise obtains annual performance salary deferred encashment income and tenure bonus, and meets relevant regulations, in December 2021 Before the 31st, it will not be incorporated into the comprehensive income of the year, and tax will be calculated separately according to the year-end bonus calculation method; the policy after January 1, 2022 will be clarified separately.

5. If resident individuals obtain stock options, stock appreciation rights, restricted stocks, equity awards and other equity incentives that comply with relevant regulations, they will not be incorporated into the comprehensive income of the year before December 31, 2021, and the full amount will be A separate comprehensive income tax rate schedule applies. The equity incentive policy after January 1, 2022 will be clarified separately.

6. Foreign individuals who meet the personal conditions of residents can choose to enjoy special additional deductions for personal income tax from January 1, 2019 to December 31, 2021, or they can choose to enjoy housing subsidies and housing subsidies in accordance with regulations. There are tax-free preferential policies for language training fees, children’s education fees and other subsidies, but they cannot be enjoyed at the same time.

Corporate income tax:

For the losses incurred by film industry companies in 2020 and 2021, the maximum carryover period is extended from 5 years to 8 years;

Enterprises in the film industry are limited to film production, distribution, and screening enterprises, and do not include enterprises that disseminate movies through information networks such as the Internet, telecommunications networks, and radio and television networks. Discount period: January 1, 2021 to December 31, 2021

Union funds:

For small and micro enterprises, January 1, 2020 to December 31, 2021 Implement a full refund support policy.

If small and micro enterprises enjoy the full refund of union funds in 2021, they will be collected first and then refunded based on the 2020 certification data.

Cultural undertakings construction fees:

All enterprises are exempt from cultural undertakings construction fees. Discount period: January 1, 2021 to December 31, 2021.