The two departments issued a notice on the transfer and enrichment of tax policies for the operation and management of state-owned equity and cash income of social security funds

On September 2nd, in order to support the transfer and enrich the operation and management of state-owned equity and cash income of social insurance funds, the relevant tax policies are hereby notified as follows: 1. All interest and interest income and financial commodity transfer income obtained by the undertaking entity in the process of using the transferred state-owned equity and cash income investment are exempt from value-added tax. 2. The income obtained from the transfer of state-owned equity and cash income investment shall be treated as enterprise income tax non-taxable income. 3. The transfer of state-owned equity of non-listed companies by the undertaking entity shall be exempted from stamp duty payable by the undertaking entity. 4. The stamp duty on securities transactions payable by the undertaking entity for the transfer of state-owned equity of listed companies and the use of cash income to buy and sell securities shall be levied first and then returned. This notice will come into force on April 1, 2024. Taxes paid before the issuance of the notice may be refunded if they comply with the provisions of this notice.