20220713-KPMG_Global-People_s_Republic_of_China_–_COVID-19_Eased_Travel_Restrictions,_Quarantine_Requirements_5页_299kb

报告摘要

PRC Tax Policy Update COVID-19 Measures Analysis

1 Background

The People’s Republic of China implemented the "Measures for the Prevention and Control of the COVID-19 Pandemic" (PRC Measures) to address challenges posed by the pandemic. These measures define risk zones (high-risk, medium-risk, low-risk) for individuals based on their exposure and movement history.

2 Key Policies

Risk Zones Identification: Individuals are categorized into risk zones to determine applicable tax treatments.
Close Contacts: Includes people who have been in close contact with infected individuals.
Quarantine Guidelines: Variations in local quarantine durations and control measures across regions.
Tax Filing Adjustments: Special provisions for temporary closures and remote work arrangements.

3 Business Implications

3.1 Employee Management

Enterprises need to handle employee relocations and mobility plans.
Evaluate work-from-home allowances and their tax implications.

3.2 Cross-Border Transactions

Special tax treatments for cross-border services and payments.
Increased scrutiny on temporary suspension of business operations.

3.3 Reduced Returns

Streamlined processes for late filing and extended deadlines.
Waivers for advance tax payments in certain circumstances.

4 Conclusion

China’s tax policies during the pandemic (Weightic 2020 epidemic tax management) aim to provide relief while maintaining fiscal controls. Businesses must adapt swiftly to localized measures and leverage available reliefs to navigate the challenges effectively.consult KPMG's resources for detailed guidance.

Summary derived from policy documents by KPMG in China.

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