中国税收新规：支持划转充实社保基金国有股权及现金收益运作管理

Core Viewpoint - The Chinese Ministry of Finance and the State Taxation Administration announced new tax policies to support the transfer and management of state-owned equity and cash income for the social security fund, effective from April 1, 2024 [1] Group 1: Tax Exemptions and Benefits - All interest and income from financial products obtained through loans related to the transferred state-owned equity and cash income will be exempt from value-added tax [1] - Income 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 entities will be exempt from stamp duty [1] Group 2: Securities and Transaction Tax Policies - For the transfer of listed state-owned equity and the sale of securities using cash income, a system of advance collection and subsequent refund of securities transaction stamp duty will be implemented [1] Group 3: Definition of Receiving Entities - The receiving entities are defined as those responsible for the management of transferred state-owned equity and cash income, including the National Social Security Fund Council and state-owned companies established by provincial and municipal governments [1]