Guidelines for Preferential Tax Policies in Support of the Fight Against Poverty
Guidelines for Preferential Tax Policies in Support of the Fight Against Poverty
Guidelines for Preferential Tax Policies in Support of the Fight Against Poverty
August 14, 2019
In order to provide support for winning the overall fight against poverty, 110 preferential tax policies on promoting the fight against poverty are implemented from six aspects, respectively, supporting the infrastructure construction in poverty-stricken areas, promoting the development of agriculture-related industries, stimulating the business start-up and job creation vitality in poverty-stricken areas, promoting the development of inclusive finance, accelerating the development of "former revolutionary base areas, areas inhabited by minority nationalities, remote and border areas and poverty-stricken areas", and encouraging private sectors to intensify efforts in poverty alleviation donations.
I. Support the Infrastructure Construction in Poverty-stricken Areas
In order to break the bottleneck of infrastructure construction that restricts the development of poverty-stricken areas, the tax policies that proactively support the construction and operation of people's wellbeing projects involving transportation and water conservancy, etc., promote the improvement of productive, living and ecological environment infrastructure construction, and optimize the economic and social development environment in poverty-stricken areas are introduced, specifically including:
1. Tax preferences for infrastructure construction
(1) Public infrastructure projects supported by the State shall enjoy three-year exemption and three-year 50% reduction of corporate income tax ("CIT")
(2) Rural power grid maintenance fees shall be exempt from value-added tax ("VAT")
2. Tax preferences for farmland irrigation and water conservancy construction
(3) Small hydropower entities at or below the county level may choose to pay the VAT by applying the simplified tax calculation method
(4) Land used for water conservancy facilities shall be exempt from urban land use tax
(5) Cultivated land occupied for farmland irrigation and water conservancy shall not be subject to cultivated land occupation tax
(6) Funds for construction of national major water conservancy projects shall be exempt from urban maintenance and construction tax
3. Tax preferences for rural residents' housing construction
(7) Cultivated land occupied for housing newly built by rural residents shall enjoy 50% cultivated land occupation tax reduction
(8) Cultivated land occupied for housing newly built by rural residents with difficulties shall enjoy cultivated land occupation tax exemption or reduction
(9) Cultivated land occupied for relocation of rural residents shall enjoy cultivated land occupation tax exemption or reduction
4. Tax preferences for rural drinking water projects
(10) Investment and operations income derived from newly built drinking water projects shall enjoy three-year exemption and three-year 50% reduction of CIT
(11) Rural drinking water safety projects shall be exempt from VAT
(12) Self-use properties of rural drinking water project operation and management entities shall be exempt from property tax
(13) Self-use land of rural drinking water project operation and management entities shall be exempt from urban land use tax
(14) Land use rights succeeded for construction of drinking water projects shall be exempt from deed tax
(15) Rural drinking water safety projects shall be exempt from stamp duty
II. Promote the Development of Agriculture-related Industries
Industry development is the foundation for poverty alleviation, and supporting poverty-stricken areas to develop agriculture-related industries based on resource endowment is an important part of achieving poverty alleviation. Currently, a series of preferential tax policies have been implemented from such aspects as optimizing land resource allocation, promoting agricultural production, encouraging the development of new business entities, promoting the circulation of agricultural products and supporting the comprehensive utilization of agricultural resources, with a view to providing support for the poverty-stricken areas to enhance the "hematopoietic" function, specifically including:
1.
......
August 14, 2019
In order to provide support for winning the overall fight against poverty, 110 preferential tax policies on promoting the fight against poverty are implemented from six aspects, respectively, supporting the infrastructure construction in poverty-stricken areas, promoting the development of agriculture-related industries, stimulating the business start-up and job creation vitality in poverty-stricken areas, promoting the development of inclusive finance, accelerating the development of "former revolutionary base areas, areas inhabited by minority nationalities, remote and border areas and poverty-stricken areas", and encouraging private sectors to intensify efforts in poverty alleviation donations.
I. Support the Infrastructure Construction in Poverty-stricken Areas
In order to break the bottleneck of infrastructure construction that restricts the development of poverty-stricken areas, the tax policies that proactively support the construction and operation of people's wellbeing projects involving transportation and water conservancy, etc., promote the improvement of productive, living and ecological environment infrastructure construction, and optimize the economic and social development environment in poverty-stricken areas are introduced, specifically including:
1. Tax preferences for infrastructure construction
(1) Public infrastructure projects supported by the State shall enjoy three-year exemption and three-year 50% reduction of corporate income tax ("CIT")
(2) Rural power grid maintenance fees shall be exempt from value-added tax ("VAT")
2. Tax preferences for farmland irrigation and water conservancy construction
(3) Small hydropower entities at or below the county level may choose to pay the VAT by applying the simplified tax calculation method
(4) Land used for water conservancy facilities shall be exempt from urban land use tax
(5) Cultivated land occupied for farmland irrigation and water conservancy shall not be subject to cultivated land occupation tax
(6) Funds for construction of national major water conservancy projects shall be exempt from urban maintenance and construction tax
3. Tax preferences for rural residents' housing construction
(7) Cultivated land occupied for housing newly built by rural residents shall enjoy 50% cultivated land occupation tax reduction
(8) Cultivated land occupied for housing newly built by rural residents with difficulties shall enjoy cultivated land occupation tax exemption or reduction
(9) Cultivated land occupied for relocation of rural residents shall enjoy cultivated land occupation tax exemption or reduction
4. Tax preferences for rural drinking water projects
(10) Investment and operations income derived from newly built drinking water projects shall enjoy three-year exemption and three-year 50% reduction of CIT
(11) Rural drinking water safety projects shall be exempt from VAT
(12) Self-use properties of rural drinking water project operation and management entities shall be exempt from property tax
(13) Self-use land of rural drinking water project operation and management entities shall be exempt from urban land use tax
(14) Land use rights succeeded for construction of drinking water projects shall be exempt from deed tax
(15) Rural drinking water safety projects shall be exempt from stamp duty
II. Promote the Development of Agriculture-related Industries
Industry development is the foundation for poverty alleviation, and supporting poverty-stricken areas to develop agriculture-related industries based on resource endowment is an important part of achieving poverty alleviation. Currently, a series of preferential tax policies have been implemented from such aspects as optimizing land resource allocation, promoting agricultural production, encouraging the development of new business entities, promoting the circulation of agricultural products and supporting the comprehensive utilization of agricultural resources, with a view to providing support for the poverty-stricken areas to enhance the "hematopoietic" function, specifically including:
1.
......