II. Burden for all Types of Enterprises being effectively alleviated 

ix.Rental reduction and forgiveness for enterprises

SMEs renting non-residential properties from Shanghai-based state-owned enterprises (including all kinds of development zones and industrial parks, start-up bases and high-tech incubators, etc.) to engage in production and commercial activities will have their rentals for February and March waived off. For SME tenants with indirect lease, this policy should be ensured to be implemented on the ground. State-owned enterprises are encouraged to make as much concessions to the SMEs as possible by means of relief or suspension of rental payment upon consultation. The impact of implementing these policies will be recognized in the annual performance appraisal of these Sate-owned enterprises. Large-scale commercial buildings, shopping malls, industrial parks and other market operators are encouraged to reduce rental for tenants physically operating in the buildings. Enterprises that have taken the initiative to reduce rental for their tenants and have difficulty in paying property tax and urban land use tax may apply for exemption or reduction of corresponding property tax and urban land use tax. 

x. Delaying in tax filing 

During the period of epidemic prevention and control, taxpayers who have difficulty in filing taxation within the statutory time limit due to the epidemic may apply for further extension in accordance with relevant laws and regulations. Taxpayers who have difficulties in making timely tax payment due to the epidemic and who meet the conditions for delay in payment shall be permitted to defer payment in accordance with relevant laws and regulations for a maximum period of 3 months. Taxpayers who fail to declare and make payment on time due to the epidemic may, upon confirmation by relevant tax authorities, be exempted from corresponding surcharge of overdue tax payment and administrative penalties. 

xi. Tax incentives for enterprises and individuals concerned

During the epidemic prevention and control period, enterprises with property or land requisitioned by the government for emergency purposes and having difficulty in paying property tax and urban land use tax, can apply for corresponding tax reductions and exemptions. In accordance with national policies, enterprises in hard-hit sectors may extend the carry-forward period of annual losses in 2020 from a maximum of 5 years to 8 years. The whole society are encouraged to actively donate cash and prevention and control supplies, which can be accounted for in full value as deductibles in income tax calculation according to relevant regulations. The goods donated are exempted from VAT, consumption tax as well as additional taxes and fees. Medical workers and disease control professionals who have participated in the epidemic prevention and control shall be exempted from individual income tax on the stipend and bonuses they receive according to the standards prescribed by the government, as well as on the protective devices they receive from their employers. 

xii. Tax burden lifted from individual businesses with regular lump-sum tax arrangements

During the epidemic prevention and control period, individual businesses with regular lump-sum tax arrangements will be exempted from taxation.

xiii.Temporarily refunding on Travel Agencies’ Service Quality Deposit and  subsidies for the patrons of Cultural Sectors Development Fee

In accordance with national policy, from 5th February, 2020, travel agencies that have sound operational track record and creditworthiness are entitled to 80% temporary refund on their Travel Agencies’ Service Quality Deposit, which shall be redeposited in full before 5th Feb 2022. For patrons of Cultural Sectors Development Fee mechanism who operate in the livelihood-related service sectors, an amount of fiscal subsidy will be offered based on the extend to which the patrons have been affected and the historic contribution to the mechanism.