Hubei: the first-line medical workers participating in epidemic prevention and control work are exempt from individual income tax

category:Finance
 Hubei: the first-line medical workers participating in epidemic prevention and control work are exempt from individual income tax


Fiscal and tax support policies

1u3001 Comprehensively implement relevant tax policies

uff081uff09 Support material supply support.

1. We will implement various policies to deepen the reform of value-added tax, focus on the implementation of the tax rebate of value-added tax and the inclusive policies for small and micro enterprises, and implement the tax reduction and exemption policies for agricultural products such as medicine, medical treatment, medical materials, vegetables, transportation and logistics.

2. Fully implement the announcement on duty free policy of imported materials for prevention and control of pneumonia epidemic caused by new coronavirus (Announcement No. 6, 2020 of the General Administration of Taxation of the Ministry of finance, General Administration of Customs), exempt import tariff, import value-added tax and consumption tax on imported materials donated for prevention and control of pneumonia epidemic caused by new coronavirus (hereinafter referred to as epidemic), and organize the competent department of health and health Imported materials directly used for epidemic prevention and control are exempt from customs duties.

3. The real estate and land used for epidemic prevention and control by non-profit medical institutions and communities (villages) shall be exempted from the real estate tax and urban land use tax according to regulations. The purchase of houses and land for epidemic prevention and control shall be exempted from deed tax according to regulations.

4. During the period of epidemic prevention and control, the value-added tax, urban maintenance and construction tax, education surcharges, local education surcharges and individual income tax payable by individual businesses operating vegetables in different regions shall be exempted. The specific measures and time limit for implementation shall be determined by the local peoples governments according to the development of the epidemic situation.

uff082uff09 Encourage enterprises to support the epidemic prevention and control work in our province.

6. For the R & D expenses actually incurred in various R & D activities including supporting epidemic prevention and control, if intangible assets are not formed and included in the current profit and loss, they shall be deducted before tax according to 75% of the actual amount according to the law on the basis of deduction according to the provisions; if intangible assets are formed, they shall be amortized before tax according to 175% of the cost of intangible assets.

7. The loss of assets caused by force majeure, including epidemic situation, is allowed to be deducted in the calculation of taxable income.

uff083uff09 Encourage individuals to participate in and support epidemic prevention and control.

9. Individuals who donate to the epidemic prevention and control work through public welfare social organizations, peoples governments at or above the county level and their departments and directly affiliated institutions within the territory of China. The part of the donation amount that does not exceed 30% of the declared taxable income can be deducted from the taxable income.

10. For the individual industrial and commercial owners, sole proprietorship investors and individual partners of the partnership affected by the epidemic situation, after reasonable calculation according to the epidemic situation, and with the consent of the provincial peoples government, the individual income tax payable in 2020 will be reduced or exempted in a fixed amount.

2u3001 Support agricultural and sideline products and medical supplies subsidy policy

11. We will coordinate the existing special funds for agriculture related finance, accelerate the allocation of funds, and support enterprises and vegetable farmers to increase production and vegetable supply. The municipal and county governments may give appropriate subsidies to vegetable production enterprises, cooperatives and farmers through special funds, or give discount subsidies to their working capital loans.

13. On the basis of the original medical reserve funds, the provincial finance will increase funds and expand reserves, arrange funds for the allocation of medical materials, and encourage the pharmaceutical material production enterprises in the province to organize production, collection, storage and allocation. Adhere to the principle of urgent affairs, unified allocation of medical materials at the provincial level, take the way of organizing allocation and re settlement of funds in advance, and finance can handle fund payment in advance.

14. Financial subsidies shall be given to the overtime wages of the employees of the industrial enterprises that produce the prevention and control of medical materials, and financial subsidies shall be given to the enterprises for the expenses of helping the workers to return to their posts, safety on duty physical examination, etc.

15. The toll of vehicles for emergency materials dispatching in the province shall be reduced or exempted.

3u3001 Encourage the continuous and stable operation of the farmers market, and give full subsidies to the booth rents of the farmers market operators

16. Based on the rent agreed in the lease agreement signed between each business and the market founder, the daily rent cost is converted. According to the daily business situation registered by the market founder, the amount of rent subsidy is calculated on a daily basis, and the rent subsidy is allocated to the market founder on a monthly basis. During the epidemic period, market operators are not allowed to collect booth rents from business households. The market supervision departments at all levels shall regularly check the market stall situation, and the market sponsor shall register the daily stall record to ensure the accurate distribution of subsidies. According to the registration and inspection, the commercial department shall regularly allocate rent subsidies to the market founders.

4u3001 Encourage the promotion of contactless catering distribution business model, implement green channel for the approval of new and reconstructed contactless catering distribution facilities, and subsidize the distribution cost of contactless delivery orders

General Office of the peoples Government of Hubei Province, Feb. 3, 2020, Yinfa finance Associated Press, Feb. 6, 2020, the financial and tax support policy for prevention and control of the epidemic situation of pneumonia caused by new coronavirus in Hubei Province, proposed that the individual business owners, sole proprietorship investors and individual partners of partnership enterprises affected by the epidemic situation should be reasonably calculated according to the situation of the epidemic loss, and then reported to the peoples Government of Hubei Province for approval Italy, the amount of personal income tax payable on business income in 2020 will be reduced or exempted. According to the volume adjustment of agricultural and sideline products such as vegetables, financial subsidies will be given to the circulation costs of enterprises to support circulation enterprises to increase the organizational supply. For enterprises engaged in vegetable distribution in our province, financial subsidies shall be given according to the distribution volume. Appropriate financial subsidies shall be given to large supermarkets that organize sales and supply. Encourage the promotion of contactless catering distribution business model, implement green channel for the approval of new and reconstructed contactless catering distribution facilities, and subsidize the distribution cost of contactless delivery orders. Source: Global Times - responsible editor of global network: Zhong Qiming

General Office of the peoples Government of Hubei Province, Feb. 3, 2020, Yinfa finance Associated Press, Feb. 6, 2020, the financial and tax support policy for prevention and control of the epidemic situation of pneumonia caused by new coronavirus in Hubei Province, proposed that the individual business owners, sole proprietorship investors and individual partners of partnership enterprises affected by the epidemic situation should be reasonably calculated according to the situation of the epidemic loss, and then reported to the peoples Government of Hubei Province for approval Italy, the amount of personal income tax payable on business income in 2020 will be reduced or exempted. According to the volume adjustment of agricultural and sideline products such as vegetables, financial subsidies will be given to the circulation costs of enterprises to support circulation enterprises to increase the organizational supply. For enterprises engaged in vegetable distribution in our province, financial subsidies shall be given according to the distribution volume. Appropriate financial subsidies shall be given to large supermarkets that organize sales and supply. Encourage the promotion of contactless catering distribution business model, implement green channel for the approval of new and reconstructed contactless catering distribution facilities, and subsidize the distribution cost of contactless delivery orders.