Bonus of medical staff participating in epidemic prevention and control is exempt from individual income tax

category:Finance
 Bonus of medical staff participating in epidemic prevention and control is exempt from individual income tax


Tax preferential measures u00b7 Enterprises

The year limit for loss carry forward of class IV enterprises in this year is extended to 8 years

1. For the relevant equipment newly purchased by the material production enterprises for epidemic prevention and control to expand production capacity, it is allowed to be included in the current cost and deducted before the enterprise income tax.

2. The production enterprises of key guarantee materials for epidemic prevention and control can apply to the competent tax authorities on a monthly basis for a full refund of the incremental VAT allowance.

3. The income obtained from the key guarantee materials for the prevention and control of epidemic situation transported by taxpayers shall be exempted from value-added tax.

4. For the losses of enterprises in difficult industries that are greatly affected by the epidemic in 2020, the longest carry over period is extended from 5 years to 8 years. Enterprises in difficult industries, including transportation, catering, accommodation, tourism (referring to travel agencies and related services, tourist attraction management) four categories.

5. The income obtained from the provision of public transportation services and life services by taxpayers and the provision of express delivery services for necessary living materials for residents shall be exempted from value-added tax.

Li Xuhong, a professor at the National Accounting Institute of Beijing, told the Beijing news that the epidemic had a great impact on consumption, especially in the catering, tourism, entertainment and other service industries, and the service industry is dominated by small and medium-sized enterprises. Therefore, relevant financial and tax policies should be issued in time to support small and medium-sized enterprises to tide over the difficulties.

In the policy released on February 7, transportation, catering, accommodation, tourism (travel agency and related services, scenic spot management) were identified as the difficult enterprise industries greatly affected by the epidemic. For these enterprises, the maximum carry over period of losses incurred in 2020 is extended from 5 years to 8 years.

Li Xuhong explained that according to the relevant provisions of the enterprise income tax law, in order to help the sustainable operation of the enterprise, the loss of the current year can be carried forward to the next five years for deduction, so as to reduce the payment of future enterprise income tax. Considering the situation that some industries and enterprises suffer losses caused by the epidemic, the loss carry forward is extended to 8 years this time, which means that the losses incurred in 2020 can be offset by profits for a longer time, so that the loss can be deducted from the enterprise income tax in the future, effectively reducing the burden of enterprises.

Prior to that, the State Administration of Taxation has issued a series of supporting measures, including extending the tax declaration period in February to February 24 nationwide, and extending it to Hubei and other areas with severe epidemic situation as appropriate. Taxpayers who still have difficulties in handling the declaration affected by the epidemic situation can apply for further extension according to law on this basis. At the same time, it is clear that tax departments at all levels should actively expandu201c The non-contact tax payment service facilitates taxpayers and reduces the risk of epidemic transmission.

Li Xuhong believes that these are very timely measures, which can ease the current tax payment difficulties of small and medium-sized enterprises and help prevent and control the epidemic. But in the whole country, most of the small and medium-sized enterprises are affected by the epidemic. She suggested that the tax period of SMEs could be further extended according to the actual situation.

At the same time, because the service industry is dominated by small and medium-sized enterprises, the ability to resist risks is weak, and a large number of employment is undertaken. Therefore, from the perspective of stable employment, it is suggested to reduce the amount of social security contributions of enterprises, reduce the employment cost of enterprises, and help small and medium-sized enterprises through difficulties.

Focus 2

Tax preferential measures u00b7 individual

Subsidy and bonus of medical staff for epidemic prevention and control are exempt from individual income tax

1. The temporary work subsidies and bonuses obtained by the medical staff and epidemic prevention workers participating in the epidemic prevention and control work in accordance with the standards prescribed by the government shall be exempted from individual income tax. The standards set by the government include subsidies and bonus standards set by governments at all levels.

The temporary work subsidies and bonuses provided by the peoples governments at or above the provincial level for the personnel involved in epidemic prevention and control shall be implemented by reference.

According to Shi, in terms of personal tax, not only the temporary work subsidies and bonuses obtained by the medical staff and epidemic prevention workers participating in the epidemic prevention and control work, but also the temporary work subsidies and bonuses obtained by the staff participating in the epidemic prevention and control work, are exempt from personal tax, which means that not only the epidemic prevention people in the epidemic area, but also all the staff related to the epidemic prevention work are likely to get Different levels of tax-free support.

In addition, the provision that drugs, medical supplies and protective articles (excluding cash) issued by units to individuals for the prevention of pneumonia caused by new coronavirus infection are not included in wages and salaries, and are exempt from individual income tax is actually a preferential policy for individual income tax of all citizens, which benefits a lot.

Liu Ying, deputy director of the Institute of Taxation, Capital University of economics and trade, also said that for individuals, the policy of exemption of individual income tax from subsidies for prevention and control of epidemic situation of front-line medical staff and epidemic prevention personnel who take the initiative in prevention and control is in line with the expectation of the people, while the physical objects such as prevention and control drug masks obtained by the people are not included in the personal income, which relieves the people of the burden of collecting individual income tax on prevention and control items as physical income Worry, this policy is deeply popular.

The above policies reflect that in order to prevent and control the epidemic situation and recover the economy, the government can solve the adverse impact of the epidemic situation on the survival and development of enterprises and personal income and expenditure from point to point, line and face to face. In addition, in cooperation with the social security policy and the tax alleviation policy issued by provinces and cities, the support of tax reduction and fee reduction is accurate, which can play a certain role in preventing and controlling the epidemic situation, appeasing enterprises and people, and recovering the economy. Liu Ying said.

Focus 3

Tax incentives u00b7 donation

1. Enterprises and individuals, through public welfare social organizations or the peoples governments at or above the county level and their departments and other state organs, donate cash and articles used to deal with the pneumonia epidemic caused by the new coronavirus, which are allowed to be deducted in full when calculating the taxable income.

2. Enterprises and individuals shall donate directly to the hospitals responsible for epidemic prevention and control to deal with the epidemic situation of pneumonia caused by the new coronavirus, and allow full deduction when calculating the taxable income.

3. If units and individual industrial and commercial households donate the goods produced, processed or purchased by themselves, through public welfare social organizations, peoples governments at or above the county level and their departments, or directly to hospitals that undertake the task of epidemic prevention and control, for free, to respond to the epidemic situation of pneumonia infected by new coronavirus, they shall be exempt from value-added tax, consumption tax, urban maintenance and construction tax, education surcharges Local education surcharges.

4. Donations received by state organs, public welfare social organizations and hospitals undertaking epidemic prevention and control tasks shall be used specifically to deal with the epidemic situation of pneumonia infected by new coronavirus, and shall not be used for other purposes.

During the epidemic period, social forces donated a large amount of cash and materials to the epidemic areas through public organizations and targeted donations. The Ministry of Finance and the State Administration of taxation have made it clear that the donation of enterprises and individuals will be fully deducted before tax.

Specifically, enterprises and individuals, through public welfare social organizations or government and its departments at or above the county level and other state organs, or directly donate cash or articles to hospitals undertaking epidemic prevention and control tasks, deduct the total amount of taxable income when calculating.

In fact, Chinas current laws and policies have a lot of preferential support measures to deal with emergencies, but this time, according to the latest situation of the epidemic, some new policies have been issued. These policies involve many aspects. In terms of taxes, they involve enterprise income tax, value-added tax and personal income tax. The implementation targets include There are also individuals in the enterprises, including the production enterprises of key guarantee materials for epidemic prevention and control and the enterprises in industries with greater difficulties affected by the epidemic, such as transportation, catering and other enterprises.

In addition, Shi said that the financial and tax policies launched by the Ministry of Finance and the State Administration of Taxation to fight against the epidemic of pneumonia are very timely, and the prevention and control of the epidemic is a major public affair and an urgent task. The financial and tax policies should play an important role in supporting and safeguarding them. The financial and tax policies should also be adjusted and given strong help in the first time. Liu Ying also told the Beijing news that the preferential tax policies in recent days are distributed in two aspects: enterprises and individuals, as well as the two dimensions of the encouragement of active prevention and control and the care of passive influence. As far as enterprises are concerned, the first dimension is to directly exempt the VAT tax burden of prevention and control material production and transportation enterprises; the second dimension is to extend the compensation period for the loss of the industry affected by the epidemic, and to provide support for enterprises to recover in the future. Pan Yichun, Jiang Huizi, reporter of Beijing News

In addition, Shi said that the financial and tax policies launched by the Ministry of Finance and the State Administration of Taxation to fight against the epidemic of pneumonia are very timely, and the prevention and control of the epidemic is a major public affair and an urgent task. The financial and tax policies should play an important role in supporting and safeguarding them. The financial and tax policies should also be adjusted and given strong help in the first time.

Liu Ying also told the Beijing news that the preferential tax policies in recent days are distributed in two aspects: enterprises and individuals, as well as the two dimensions of the encouragement of active prevention and control and the care of passive influence. As far as enterprises are concerned, the first dimension is to directly exempt the VAT tax burden of prevention and control material production and transportation enterprises; the second dimension is to extend the compensation period for the loss of the industry affected by the epidemic, and to provide support for enterprises to recover in the future.

Pan Yichun, Jiang Huizi, reporter of Beijing News