25 February 2020 – Introduced temporary tax relief for businesses

This item is sourced from COVID-19 Policy Watch co-ordinated by Policy. We are in the process of gathering further information and aligning taxonomies for these items.

Type of Intervention: Business support
Sectors Involved:
Level of Jurisdiction: National
Lead People/Agency:

Overview: Social Security Fees will be tax deductible for certain months during the epidemic prevention and control period. Medium and micro businesses will not pay social security fees for five months, and large businesses will pay half of the social security fees for three months.
Full details here: http://www.chinatax.gov.cn/chinatax/n810341/n810755/c5145196/content.html