Business and Covid-19 in China
China approves extraordinary tax policies for coronavirus pneumonia epidemic
The Ministry of Finance and the State Administration of Taxation (SAT) jointly issued a series of preferential tax policies focusing on key areas and key industries of novel coronavirus pneumonia (NCP) prevention and control (Policies), which come into effect since January 1, 2020. The SAT has prepared the Summary of the Guidelines for Preferential Tax Policies in Favor of Prevention and Control of the Novel Coronavirus Pneumonia to give taxpayers a clear picture of the Policies.