China Insurance Protection Fund Co., Ltd. (hereinafter referred to as the Insurance Protection Fund Company) shall be exempted from business tax on the following income obtained in accordance with the Measures for the Administration of Insurance Protection Funds (hereinafter referred to as the Administrative Measures):

(1) Insurance guarantee funds paid by domestic insurance companies according to law;

(two) the liquidation income of the assets of the insurance company that has been revoked or bankrupt according to law and the income of the responsible party.

Two. Preferential policies for exemption from enterprise income tax

The following income obtained by an insurance guarantee fund company according to the Administrative Measures shall be exempted from enterprise income tax:

(1) Insurance guarantee funds paid by domestic insurance companies according to law;

(2) The compensation income from the liquidation of the property of an insurance company that is cancelled or bankrupt according to law, the income recovered from the responsible party, and the income from the property transfer obtained by the insurance company's risk according to law;

(3) Donation income;

(4) Interest income from bank deposits;

(5) Interest income from purchasing government bonds, central bank bonds, central enterprise bonds and central financial institution bonds;

(six) income from the use of other funds approved by the State Council.

Three. Preferential policies for exemption from stamp duty

The following taxable vouchers of an insurance protection fund company are exempt from stamp duty:

(a) the newly established fund account book;

(two) the transfer of property rights signed by the insurance company in the process of risk disposal and bankruptcy relief;

(3) The refinancing contract signed between the insurance company and the People's Bank of China during the risk disposal period;

(4) Property insurance contracts signed with insurance companies with the self-owned property of the insurance protection fund and the compensation assets received.

Other parties who sign the above-mentioned property right transfer documents or taxable contracts with the insurance protection fund company according to regulations shall be subject to stamp duty.