Pre-tax deduction policy

(1) Pre-tax deduction policy for corporate donations for poverty alleviation

Key points of policy: From 201910 to 20221231February, donations made by enterprises to help the poor in designated poverty-stricken areas through public welfare social organizations or people's governments at or above the county level (including the county level) and their departments and directly affiliated institutions are allowed to be deducted when calculating taxable income. During the implementation of the policy, the above policies can continue to be applied to areas that have achieved poverty alleviation. When the poverty alleviation donation expenditure and other public welfare donation expenditure occur at the same time, the eligible poverty alleviation donation expenditure is not included in the annual deduction limit of public welfare donation expenditure. Eligible poverty alleviation donations made by enterprises during the period from1October 20 15 1 February 20 18 12 3 1 can also be deducted according to the facts.

Policy basis: Announcement of State Taxation Administration of The People's Republic of China the State Council Poverty Alleviation Office of the Ministry of Finance on Pre-tax Deduction Policy of Corporate Donation for Poverty Alleviation (Announcement No.49 of State Taxation Administration of The People's Republic of China the State Council Poverty Alleviation Office of the Ministry of Finance, 20 19).

(2) Deduction policies for handling fees and commission expenses of insurance enterprises.

Key points of policy: Starting from 20 19 65438+ 10/0/,the pre-tax deduction limit of insurance company's handling fee and commission expenditure is 1 8% of the balance of all premium income in the current year after deducting surrender premium; The excess is allowed to be carried forward to the next year for deduction.

Policy basis: Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Pre-tax Deduction Policy of Handling Fees and Commissions of Insurance Enterprises (Announcement No.72 of State Taxation Administration of The People's Republic of China of the Ministry of Finance No.2019).

(3) Pre-tax deduction policy of enterprise income tax for loan loss reserve of financial enterprises

Policy Points: 1 October 20 19,1to February 2023, 12, 3 1, and continue to implement the Notice on Relevant Policies for Pre-tax Deduction of Enterprise Income Tax for Loan Loss Reserves of Financial Enterprises (Caishui [20/kloc-0]

1 October 20 19,1to February 2023, 12, 3 1, and continue to implement the notice on pre-tax deduction of agricultural loans of financial enterprises and loan loss reserve for small and medium-sized enterprises (Cai Shui [201)

If a financial enterprise implements the pre-tax deduction policy of the loan loss reserve for agriculture-related loans and small and medium-sized enterprises in accordance with the Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Relevant Policies for Pre-tax Deduction of Loan Loss Reserve for Agriculture-related Loans and Small and Medium-sized Enterprises (Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance No.85+09), the Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Relevant Policies for Enterprise Income Tax Deduction of Loan Loss Reserve for Financial Enterprises (Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance No.86+09) is no longer applicable.

Policy basis: Announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Relevant Policies for Pre-tax Deduction of Enterprise Income Tax for Loan Loss Reserves of Financial Enterprises (Announcement No.86 of the Ministry of Finance and Announcement No.2019 of State Taxation Administration of The People's Republic of China).

Announcement of the Ministry of Finance and the Ministry of State Taxation Administration of The People's Republic of China on the relevant policies concerning the reserve for agricultural loans of financial enterprises and the pre-tax deduction of loan losses of small and medium-sized enterprises (Announcement No.85 of the Ministry of Finance and State Taxation Administration of The People's Republic of China No.2019)

(4) Pre-tax deduction policy for expenses such as risk reserve of Shanghai International Energy Trading Center.

Key points of policy: From 201910 to 20201231February, Shanghai International Energy Exchange Center drew 20% of the fee income collected by its members as risk reserve according to relevant regulations. When the balance of risk reserve reaches relevant regulations, it is allowed before enterprise income tax. The futures investor protection fund, which is drawn at 2% of the transaction fee charged to the members of the futures company, is allowed to be deducted before the enterprise income tax when the total amount of the fund reaches the relevant provisions; If the above reserves are liquidated or returned, enterprise income tax shall be levied according to regulations.

Legal basis:

"People's Republic of China (PRC) tax collection and management law"

Article 1 This Law is formulated with a view to strengthening the administration of tax collection, standardizing tax collection, safeguarding national tax revenue, protecting the legitimate rights and interests of taxpayers and promoting economic and social development.

Article 2 This Law is applicable to the collection and management of various taxes collected by tax authorities according to law.

Article 3 The collection, suspension, reduction, exemption, refund and supplementary payment of taxes shall be carried out in accordance with the law. Where the State Council is authorized by law, it shall be implemented in accordance with the administrative regulations formulated by the State Council.

No organ, unit or individual may, in violation of the provisions of laws and administrative regulations, arbitrarily make decisions on tax collection, suspension, tax reduction, exemption, tax refund, overdue tax and other decisions inconsistent with tax laws and administrative regulations.

Article 4 Units and individuals that are obligated to pay taxes according to laws and administrative regulations are taxpayers.

Units and individuals that have the obligation to withhold and pay taxes according to laws and administrative regulations are withholding agents. Taxpayers and withholding agents must pay taxes, withhold and remit taxes and collect and remit taxes in accordance with the provisions of laws and administrative regulations.