Core Viewpoint - The announcement from the Ministry of Finance and the State Taxation Administration outlines the new value-added tax (VAT) policy for individuals selling residential properties, effective from January 1, 2026. Individuals selling properties purchased within two years will be subject to a 3% VAT, while those selling properties held for two years or more will be exempt from VAT [1]. Summary by Relevant Sections - **VAT Policy for Residential Property Sales**: Individuals selling residential properties purchased for less than two years will pay a 3% VAT on the total sale amount. In contrast, sales of properties held for two years or longer will be exempt from VAT [1]. - **Implementation Date**: The new VAT policy will take effect on January 1, 2026. Prior to this date, any VAT related to residential property sales that has not been declared can be processed according to the new policy [1]. - **Cancellation of Previous Regulations**: The announcement also states that the previous regulations regarding the transition from business tax to VAT will be terminated simultaneously with the implementation of the new policy [1].

Group 1 - The article discusses a tax policy allowing enterprises to deduct the cost of newly purchased equipment and tools valued at no more than 5 million yuan in a single accounting period from January 1, 2018, to December 31, 2027, without annual depreciation [2] - Enterprises must determine eligibility for this tax benefit based on the timing of the equipment purchase, with specific guidelines for cash purchases, installment payments, and self-constructed assets [2] - The policy is based on several official documents, including the Ministry of Finance and the State Administration of Taxation's notifications regarding the deduction of equipment and tools for corporate income tax [2]

Core Viewpoint - The article discusses the tax incentives for donations aimed at poverty alleviation in designated impoverished areas, encouraging social contributions to rural revitalization efforts [2][5]. Group 1: Tax Incentives for Donations - From January 1, 2019, to December 31, 2025, taxpayers donating goods for poverty alleviation through recognized social organizations or government entities in targeted impoverished areas are exempt from value-added tax (VAT) [2]. - The policy allows for retroactive application of VAT exemption for qualifying donations made between January 1, 2015, and December 31, 2018 [2]. - The targeted impoverished areas include 832 key counties for poverty alleviation and registered impoverished villages [3][6]. Group 2: Corporate Income Tax Deductions - Corporations making qualifying donations for poverty alleviation from January 1, 2019, to December 31, 2025, can deduct these expenses from their taxable income [5]. - Donations made for poverty alleviation are excluded from the annual limit on deductions for other charitable contributions [5]. - Corporations can also retroactively apply the income tax deduction for qualifying donations made between January 1, 2015, and December 31, 2018, that were not previously deducted [5][7].