Tax Policies for Students - Before January 1, 2026, ticket revenue from cultural and sports services provided by museums, galleries, and similar institutions is exempt from VAT [2] - Ticket revenue from cultural and religious activities held by temples and churches is exempt from VAT [2] - Until December 31, 2027, ticket revenue from science popularization activities conducted by government departments and science associations is exempt from VAT [2] Summer Part-time Jobs - Students engaged in part-time work are exempt from VAT for the services they provide [3] - Employers are required to withhold and pay personal income tax for remuneration received by interns from vocational and higher education institutions [3] Electric Vehicle Purchase Tax Incentives - From January 1, 2024, to December 31, 2025, there is a vehicle purchase tax exemption for new energy vehicles, with a maximum exemption of 30,000 yuan per vehicle [3] - From January 1, 2026, to December 31, 2027, there will be a 50% reduction in vehicle purchase tax for new energy vehicles, with a maximum reduction of 15,000 yuan per vehicle [3] Education Expense Deductions - Parents can deduct 2,000 yuan per month for each child’s education expenses, applicable to various levels of education including compulsory education and higher education [3] - Deductions can be claimed during the transition period between different levels of education [3]

Group 1 - Parents need to update their individual income tax information when their children transition between educational stages, such as from kindergarten to primary school or from high school to university [1][2] - It is recommended that parents complete these updates by the end of August, before their children start university, to ensure seamless tax deductions starting from September [1][2] Group 2 - The process for updating tax information involves logging into the personal income tax app, selecting the relevant options, and adding a new entry for the child's current educational stage [2][8] - Parents should not directly modify existing entries but instead add new information to avoid losing previous deductions [8] Group 3 - Upon receiving university admission letters, parents should assist their children in preparing for enrollment, which includes ensuring all necessary tax information is updated [9][11] - There are important precautions to take when receiving admission letters to avoid scams, such as verifying the authenticity of the letter and using official channels for any required payments [14][15][16][17][18][19][20][21]

Group 1 - The article discusses whether enterprises under the approved taxation method can enjoy the additional deduction for R&D expenses [1] - According to the policy, enterprises that implement the approved taxation method are not eligible for the additional deduction for R&D expenses [1] - The relevant notification specifies that the policy applies to resident enterprises with sound accounting practices that implement account-based taxation and can accurately collect R&D expenses [1]

Core Viewpoint - The article discusses the necessary steps and documentation required for taxpayers to apply for VAT exemption on cross-border sales of services or intangible assets, emphasizing the importance of proper documentation and compliance with tax regulations [5][11][13]. Group 1: Cross-Border Sales and VAT Exemption - Taxpayers can apply for VAT exemption on cross-border sales of services or intangible assets by providing a copy of the contract [5]. - Specific services eligible for VAT exemption include construction services, engineering supervision, and international transportation services, all of which must have supporting documentation [5][11]. - For international transportation services, proof of actual business occurrence and relevant tax agreements must be submitted [5]. Group 2: Documentation Requirements - Documentation required for VAT exemption includes proof of service location being outside the country and contracts indicating the service location [5]. - Taxpayers must also provide a declaration if they choose to waive the zero VAT rate and opt for tax exemption instead [5]. - For domestic units providing tourism services abroad, evidence of personnel traveling abroad must be submitted [5]. Group 3: Taxpayer Credit Rating System - The tax authority has established a credit rating system for taxpayers, categorized into five levels: A, B, M, C, and D, based on their compliance and creditworthiness [11][13]. - Taxpayers rated M will receive guidance on tax policies and management regulations from the tax authority [11][13].

Group 1 - The core viewpoint of the article highlights the significant tax reduction and fee exemption measures implemented during the "14th Five-Year Plan" period, with a total expected reduction of 10.5 trillion yuan [2] - The number of tax-related business entities in the country has surpassed 100 million, indicating strong market vitality and resilience, with a net increase of 30 million entities since 2020 [2] - The manufacturing sector's sales revenue remains stable, accounting for approximately 29% of total sales revenue, while high-tech industries have seen an annual growth rate of 13.9% [3] Group 2 - The number of individuals benefiting from special additional deductions in personal income tax has reached 119 million, reflecting a 55% increase compared to 2020, with the total tax reduction amount growing by 156.5% [4] - The tax governance system has been continuously improved, with 62,100 illegal taxpayers investigated, recovering 571 billion yuan in tax losses, and enhancing public awareness of tax law [6] - The new personal income tax system has led to over 100 million taxpayers applying for refunds totaling more than 130 billion yuan, while 7 million taxpayers voluntarily reported additional taxes amounting to over 48 billion yuan [6]

Core Viewpoint - The Chinese government has implemented significant tax reduction and fee exemption policies during the "14th Five-Year Plan" period, contributing positively to economic growth and supporting the development of the private sector and innovation-driven industries [1][5]. Tax Reduction and Fee Exemption - From 2021 to mid-2023, the cumulative tax reductions and fee exemptions reached 9.9 trillion yuan, expected to reach 10.5 trillion yuan by the end of the year, averaging over 2 trillion yuan annually [1]. - Policies focused on supporting technological innovation and advanced manufacturing accounted for 3.6 trillion yuan, representing 36.7% of the total reductions [1]. - The private economy benefited significantly, with tax reductions totaling 7.2 trillion yuan, making up 72.9% of the total [1]. Manufacturing Sector Performance - The manufacturing sector's sales revenue has remained around 29% of total enterprise revenue from 2021 to 2024, indicating stable growth [3]. - High-end and intelligent manufacturing sectors, such as equipment manufacturing and high-tech manufacturing, saw annual sales revenue growth of 9.6% and 10.4%, respectively, with year-on-year growth of 8.9% and 11.9% in the first half of this year [3]. Innovation and R&D Support - The R&D expense deduction policy has been optimized, with 3.32 trillion yuan in deductions expected for 2024, benefiting 615,000 enterprises, marking increases of 25.5% and 16.7% from 2021 [5]. - The private economy's sales revenue share increased from 68.9% in 2020 to 71.7% in mid-2023, with significant growth in sectors like industrial robots and new energy vehicles [5]. Personal Income Tax Reforms - The new personal income tax law has improved tax equity, with the top 10% of earners contributing about 90% of total personal income tax, while individuals earning below 120,000 yuan annually often pay little to no tax [6]. - Over 1 billion individuals benefited from special deductions under the personal income tax system, with a focus on middle-income groups [7]. Social Welfare and Compliance - The government has introduced various personal income tax incentives to alleviate the financial burden on families, including deductions for child-rearing and elderly care [7]. - The tax authority has emphasized compliance, exposing over 60 cases of tax evasion in the entertainment sector, reinforcing the importance of lawful tax payment [7].

Group 1 - Taxpayers are required to retain documentation for vocational qualification continuing education, including relevant certificates [2] - Taxpayers must keep records of housing loan contracts and repayment vouchers [3] - Taxpayers need to maintain housing rental contracts or agreements [4] - Taxpayers should retain written agreements for the allocation of elder support [5] - Taxpayers are required to keep original or photocopied medical service charges and reimbursement documents for major illnesses, or a medical expense list issued by the medical insurance department [6] Group 2 - The article mentions that graduates renting houses can enjoy individual income tax benefits [8] - It raises questions about whether individuals need to reapply for individual income tax special deductions after changing jobs [11] - It also inquires if a "tax preferential identification code" is necessary for enjoying commercial health insurance tax benefits [11]

Group 1 - The article discusses the tax deduction for continuing education expenses, allowing a fixed deduction of 3600 yuan in the year the relevant certificate is obtained [3]. - Taxpayers can verify if their obtained certificates are deductible by accessing the "State Council Client" WeChat mini-program [4]. - The article provides a step-by-step guide for correcting errors in reporting continuing education deductions, emphasizing the importance of updating annual tax returns if mistakes are made [6][10]. Group 2 - The first step in correcting an error involves voiding the special additional deduction information through the personal income tax app [6]. - The second step requires taxpayers to correct their annual tax return, which is crucial if the corresponding year’s return has already been filed [8][10]. - Taxpayers are advised to check for any changes in their annual tax settlement results after making corrections to ensure their rights are protected [10].

Core Viewpoint - The article discusses the tax deduction rules for housing loan interest, medical expenses, children's education, and childcare for taxpayers in China, emphasizing the conditions under which these deductions can be claimed and the limits associated with them [2][3][4]. Group 1: Housing Loan Interest Deduction - Taxpayers can deduct housing loan interest if they or their spouse have a personal housing loan for a first home in China, with a maximum deduction period of 240 months [2]. - Unmarried taxpayers can deduct the interest solely by themselves, while married taxpayers can choose to deduct it by one spouse or split it equally [3]. - Only one first home loan interest deduction is allowed per taxpayer in a tax year [3]. Group 2: Medical Expense Deduction - Taxpayers can deduct medical expenses exceeding 15,000 yuan incurred in a tax year after insurance reimbursements, with a maximum limit of 80,000 yuan [3]. - Medical expenses can be deducted by either the taxpayer or their spouse, and expenses for minor children can be deducted by one parent [3]. Group 3: Children's Education Deduction - Taxpayers can deduct 2,000 yuan per month for each child in full-time education, with the option to choose which parent claims the deduction [4]. - The deduction applies to various educational stages, including preschool, primary, secondary, and higher education [4]. Group 4: Childcare Deduction - Taxpayers can claim a deduction of 2,000 yuan per month for each child under three years old for childcare expenses [4].

Core Viewpoint - The article provides guidance on the special additional deduction for housing loan interest in the context of individual income tax settlement for the year 2024, highlighting common mistakes and clarifying the deduction process [2][4]. Deduction Scope - The deduction applies to interest paid on personal housing loans taken from commercial banks or housing provident funds for the purchase of a first home in China [4][5]. Deduction Standards - The deduction is set at a fixed amount of 1,000 yuan per month, with a maximum deduction period of 240 months [4]. Deduction Method - Unmarried taxpayers can deduct the interest themselves, while married couples can choose which spouse will claim the deduction, with specific rules on how to split the deduction if both have separate loans [4][20]. Common Mistakes - **Mistake 1**: Taxpayers cannot delay claiming the deduction for housing loan interest if they have already started repaying the loan; the deduction period is tied to the loan repayment schedule [6]. - **Mistake 2**: Once a housing loan is fully repaid, taxpayers cannot continue to claim the deduction for that loan in subsequent years [7]. - **Mistake 3**: If one spouse purchased a home before marriage, the other spouse can claim the deduction only if agreed upon, and this choice cannot be changed within the same tax year [8][20]. - **Mistake 4**: Taxpayers cannot simultaneously claim deductions for both housing loan interest and housing rent in the same tax year [9]. - **Mistake 5**: In cases where parents and children jointly purchase a home, only the primary borrower can claim the deduction [11]. - **Mistake 6**: If a second home is purchased with a loan at the first home loan rate, the taxpayer may still claim the deduction if they have not previously claimed it [12]. Operational Process - The article outlines the steps for taxpayers to prepare for filing, including confirming deduction information and selecting the appropriate declaration method [13][17].