According to the Individual Income Tax Law of People's Republic of China (PRC), the Implementation Regulations of the Individual Income Tax Law of the People's Republic of China and related documents, the individual income tax reduction and exemption policies mainly include:

1. Interest on bonds issued by the Ministry of Finance and financial bonds issued with the approval of the State Council is exempt from personal income tax.

2. Bonuses in science, education, technology, culture, health, sports, environmental protection, etc. awarded by the provincial people's government, ministries and commissions in the State Council, units of the People's Liberation Army at or above the military level in China, and foreign and international organizations shall be exempted from personal income tax.

3. Interest income from educational savings and other special savings deposits or savings special fund deposits determined by the financial department shall be exempted from personal income tax.

Fourth, the people's governments at or above the township level (including the township level) or the courageous foundation or similar organizations with institutions and articles of association established with the approval of the competent departments of the people's governments at or above the county level (including the county level) are exempt from personal income tax with the approval of the competent tax authorities.

If you hold a trust fund and invest in financial bonds with the state as the debtor, you don't have to pay taxes.

Extended data:

General financial interest tax:

China's personal income tax includes interest, dividends and bonus income, which mainly refers to the interest, dividends and bonus income obtained by individuals owning creditor's rights and equity.

1. Interest refers to personal deposit interest (on June 8, 2008, the day after the country announced the cancellation of interest tax), payment interest and interest on purchasing various bonds.

2. Dividends, also known as dividends, refer to the investment income that shareholders get from joint-stock companies on a regular basis according to their articles of association.

3. Dividends, also known as company (enterprise) dividends, refer to the profits of joint-stock companies or enterprises that exceed dividends according to the profits to be distributed. Joint-stock enterprises should pay dividends and bonuses to individual shareholders in the form of shares, that is, distribute bonus shares, and pay taxes according to the face value of the shares distributed.

References:

Baidu encyclopedia-personal income tax