according to the announcement of State Taxation Administration of The People's Republic of China on issues related to tax collection and management of individual insurance agents (State Taxation Administration of The People's Republic of China Announcement No.45, 216): "VII. Individual agents in securities brokers, credit cards and tourism industries shall be subject to the above provisions. Personal agents in credit card, tourism and other industries do not implement the provisions of Article 2 of this announcement on the cost of exhibition industry when calculating personal income tax.

other personal income tax issues of individual insurance agents and securities brokers shall be implemented in accordance with the notice of State Taxation Administration of The People's Republic of China on the exemption of personal income tax for insurance salesmen's commission income (Guo shui Han [26] No.454) and the announcement of State Taxation Administration of The People's Republic of China on the collection of personal income tax for securities brokers' commission income (State Taxation Administration of The People's Republic of China Announcement No.45, 212).

this announcement shall come into force as of the date of promulgation. "