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][3][4]. Group 1 - The notice states that 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 derived from the transfer of state-owned equity and cash income investments will be classified as non-taxable income for corporate income tax purposes [2]. - The transfer of non-listed state-owned equity by the receiving entity will be exempt from the stamp duty that would normally be payable [3]. Group 2 - 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 the securities transaction stamp duty will be implemented [4]. - The notice defines the receiving entities as those specified in the State Council's implementation plan for transferring part of the state capital to enrich the social security fund, including the National Social Security Fund Council and state-owned companies established by local governments for managing the transferred equity [4]. - This notice will take effect from April 1, 2024, and taxes paid prior to the notice that meet its criteria may be refunded [5].