China Tax & Investment Express Issue No. 2022001 - Extension of the Preferential Individual Income Tax Policies for Annual Bonus

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 the extension of the preferential Individual Income Tax (IIT) policies for annual bonus, etc.; PN regarding the extension of the preferential IIT policies for tax-exempt benefits for non-Chinese nationals, etc.; PN regarding management of IIT collection on income from equity investment and operation; PN regarding extending the sixth set of exclusions to the goods originating from the United States that are imposed with additional tariffs; Notice regarding adjusting the zero-tariff policy for raw and auxiliary materials for the Hainan Free Trade Port; PN regarding temporarily exempt interest on deferred tax payments in 2022 for domestic sales of processing trade enterprises; Special Administrative Measures for Foreign Investment Access (Negative List) (2021 Version); Special Administrative Measures for Foreign Investment Access in Pilot Free Trade Zones (Negative List) (2021 Version); Notice regarding implementing a notification commitment mechanism for certain certification items for the recognition of High and New Technology Enterprises; PN regarding the “Guidelines for Enterprise Deregistration (2021 Revised Version)”; etc.

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.