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China Tax & Investment Express Issue No. 2021007 - Issues related to the 2020 annual Individual Income Tax reconciliation for consolidated income
China Tax & Investment Express (CTIE) brings you the latest tax and business announcements on a weekly basis. We selected some comparatively key announcements to provide for a synopsis and we also provide a link that leads you to the full content of each latest announcement (in Chinese).
Matters covered in this issue include: Public notice (PN) regarding issues related to the 2020 annual Individual Income Tax reconciliation for consolidated income; PN regarding transitional issues related to the recognition of the organizations through which charitable donations made are deductible for income tax purposes; Q&As concerning administration and operation of electronic special Value-added Tax invoices; PN regarding public opinion consultation on the “Standards for Formulating the List of Integrated Circuit Enterprises, Projects and Software Enterprises Eligible for Preferential Tax Policies (Discussion Draft)”; and Notice regarding public opinion consultation on the conditions for encouraged software enterprises.
Please feel free to contact your EY client service professionals for further assistance if you find the announcements have an impact on your business operations.