1. Statutory personal income tax exemption items (1) Bonuses.

Prizes in science, education, technology, culture, health, sports, environmental protection, etc. issued by provincial governments, ministries and commissions of the State Council, military units at or above the military level, as well as foreign organizations and international organizations; (2) Bond interest.

Interest on national debt and financial bonds issued by the state; (3) Subsidy allowances.

Special government allowances issued in accordance with the provisions of the State Council and tax-free subsidies and allowances stipulated by the State Council; (4) Relief payments.

According to relevant national regulations, personal living allowances paid from welfare fees or trade union funds withdrawn; relief funds and pensions paid to individuals by the civil affairs department; (5) insurance compensation.

Insurance compensation paid by the insurance company; (6) Recruitment and demobilization fees.

Military personnel’s transition expenses and demobilization expenses; (7) Settlement expenses and retirement expenses.

Settlement allowance, severance payment, retirement salary, retirement salary, and retirement living allowance paid to cadres and employees in accordance with regulations; (8) Income of diplomatic personnel.

The income of diplomatic representatives, consular officers and other personnel of various countries’ embassies and consulates in China that should be exempted from tax in accordance with relevant laws and regulations of China; (9) Tax-free income from agreements.

Income that is stipulated as tax-free in international conventions and agreements signed by the Chinese government; (10) Other income.

Tax-free income approved by the finance department of the State Council.

2. Items temporarily exempt from personal income tax (1) Bonuses.

Rewards received from individuals for reporting and assisting in the investigation of various illegal and criminal activities; (2) Handling fees.

The withholding fees for individuals handling tax withholding and payment shall be obtained in accordance with the regulations; (3) Income from the transfer of real estate.

Income obtained from the personal transfer of a house that has been used for more than 5 years and is the only house used for family living; (4) Income from deferred retirement wages.

For senior experts who have reached the retirement age but have their retirement age appropriately extended due to work needs, their wages and salary income during the extended retirement period shall be regarded as their retirement or retirement wages and are exempt from personal income tax.

3. Subsidies and other non-earned income tax-free items (1) One-child subsidy; (2) Childcare subsidies; (3) Travel allowances and missed meal subsidies; (4) Subsidies and allowances that are not included in the total basic salary when implementing the civil servant salary system

The difference and subsidy for non-staple food for family members.

4. Other tax-free items (1) Dividends and bonus income are tax-free.

Whether personal income tax is levied on dividends and bonus income received by individuals from grassroots supply and marketing cooperatives and ** credit cooperatives shall be determined by the provincial people's governments and reported to the Ministry of Finance and the State Administration of Taxation for filing.

(2) The reward for bravery is tax-free.

For foundations or similar organizations established with the approval of the competent departments of governments at or above the township level or the governments at the county level or above, bonuses or prizes awarded to those who have bravely performed acts of righteousness shall be exempted from personal income tax with the approval of the competent tax authorities.

(3) Young crop compensation fees are tax-free.

In the process of land requisition, income from young crop compensation paid by the unit to the land contractor is temporarily exempt from personal income tax.

(4) Personal equity is exempt from tax.

When a joint-stock enterprise uses capital reserve to increase personal equity, it does not belong to dividends or bonus income, and no personal income tax is levied.

(5) Welfare and sports lottery winnings are tax-free.

Individuals who purchase social welfare lottery tickets and sports lottery tickets and whose one-time winning income does not exceed 10,000 yuan are exempt from personal income tax.

If the amount exceeds 10,000 yuan, personal income tax will be levied in full.

(6) Income from the transfer of stocks is tax-free.

Individual income from transferring shares of listed companies is temporarily exempt from personal income tax.

(7) Treasury bond interest and stock price difference income are tax-free.

Personal income tax will not be levied for the time being on the treasury bond interest and stock price difference income received by individual investors from the distribution of securities investment funds.

(8) The price difference income is tax-free.

Personal income tax will not be levied for the time being on the price difference income obtained by individual investors from the purchase and sale of securities investment fund units.

(9) Equity-based awards are tax-free.

Scientific research institutions and colleges and universities transform scientific and technological achievements into individual rewards for scientific and technological personnel in the form of shares or capital contribution ratios. After review by the competent tax authorities, personal income tax will not be levied temporarily.

(10) Provident funds and insurance funds are tax-free.

Housing provident funds, medical insurance funds, basic pension insurance funds and unemployment insurance funds withdrawn and paid by enterprises and individuals in prescribed proportions are exempt from personal income tax and interest income tax.

(11) Tax deferral on equity assets.

Personal income tax is suspended for the quantified assets of enterprises with ownership acquired by individual employees in the form of joint-stock systems.

(11) Resettlement income is tax-free.

Employees of state-owned enterprises are exempt from personal income tax on their one-time resettlement income from bankrupt enterprises due to enterprise bankruptcy.

(13) Compensation income is tax-free.