财政部、税务总局，重磅发布！

Core Viewpoint - The Ministry of Finance and the State Taxation Administration have issued a notice regarding tax policies for the transfer and management of state-owned equity and cash income to support the social security fund [1][2]. Tax Policy Summary - All interest and interest-like income from loans obtained during the investment process of transferred state-owned equity and cash income will be exempt from value-added tax [1]. - Income derived from the transfer of state-owned equity and cash income investments will be classified as non-taxable income for corporate income tax purposes [1]. - The transfer of non-listed state-owned equity by the receiving entity will be exempt from stamp duty [1]. - For the transfer of listed state-owned equity and the sale of securities using cash income, a pre-collection and post-refund policy for securities transaction stamp duty will be implemented [1]. - The term "receiving entity" refers to organizations responsible for managing state-owned equity and cash income as outlined in the State Council's implementation plan [1]. Implementation Timeline - The notice will take effect from April 1, 2024, and tax payments made prior to this date that meet the notice's criteria may be refunded [2].