三部门延续实施创新企业境内发行存托凭证试点阶段有关税收政策

Core Viewpoint - The Ministry of Finance, State Administration of Taxation, and China Securities Regulatory Commission announced the continuation of tax policies for the pilot phase of innovative enterprises' domestic issuance of depositary receipts (CDRs) from January 1, 2026, to December 31, 2027 [1] Tax Policies for Individual Investors - From January 1, 2026, to December 31, 2027, individual investors will be exempt from personal income tax on the capital gains from the transfer of innovative enterprise CDRs [1] - During the same period, a differentiated personal income tax policy will be implemented for dividends received by individual investors from holding innovative enterprise CDRs [1] - Individual investors can offset taxes already paid on dividends abroad according to personal income tax laws and relevant bilateral tax agreements [1] Corporate Tax Policies - The announcement also clarifies relevant corporate income tax and value-added tax policies applicable to innovative enterprises [1]