Group 1 - The article discusses tax deduction policies for advertising and business promotion expenses for specific industries, including cosmetics manufacturing, beverage manufacturing (excluding alcoholic beverages), and pharmaceutical manufacturing, allowing a deduction of up to 30% of annual sales revenue from January 1, 2026, to December 31, 2027 [3][4]. - Expenses exceeding the 30% limit can be carried forward to future tax years for deduction [4]. - Related enterprises can allocate advertising and business promotion expenses through agreements, allowing one party to deduct eligible expenses while the other party can exclude these allocated expenses from their deduction limits [4].

Group 1 - The property tax is calculated based on the remaining value of the property after a one-time deduction of 30% from the original value [9] - For rental properties, the tax is based on rental income, excluding value-added tax (VAT) [9] - The tax rate for property based on remaining value is 1.2%, while the rate for rental income is 12% [9]

Group 1 - The core viewpoint of the article is to explain the new regulations regarding the calculation of export income in RMB under the new Value-Added Tax Law and its implementation rules, effective from January 1, 2026 [1][2]. - The sales amount must be calculated in RMB, and if settled in foreign currency, it must be converted to RMB using the effective exchange rate [1][2]. - Taxpayers can choose to use the exchange rate on the day of the sale or the rate on the first day of the month for conversion, and this choice cannot be changed within 12 months [1][2]. Group 2 - The People's Bank of China authorizes the China Foreign Exchange Trade System to publish the daily RMB exchange rates against various currencies at 9:15 AM on working days [2]. - If a public holiday falls on the first day of the month, the last published exchange rate from the previous month will be used [2]. - The article provides examples to illustrate how to calculate the conversion of export income from USD to RMB using the selected exchange rates [3][6]. Group 3 - In the first example, Company A chooses the exchange rate from the first day of the month, with an exchange rate of 7.0288 RMB per USD, resulting in a conversion of 100,000 USD to 70.288 million RMB [5][6]. - In the second example, Company B uses the exchange rate on the day of each sale, with rates of 7.0288 RMB for sales on January 1 and 4, and 7.0230 RMB for January 5, leading to a total conversion of 70.2648 million RMB for multiple sales [8][10].