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    State Administration Of Taxation: Tax Exemption For Scientific And Technological Achievements

    2016/2/23 14:18:00 40

    State Administration Of TaxationScientific And Technological AchievementsTax Exemption

    The State Administration of Taxation has issued a notice recently that it is clear that the follow-up management of 3 items of examination and approval, such as temporarily eliminating personal income tax, promoting individual income tax, obtaining stock options or subscribing stock, etc., has difficulties in obtaining personal income tax or subsidizing personal income tax, and approving the collection of law firms.

    Scientific research innovation

    It is important to reduce the tax burden of withholding agents and taxpayers.

      

    Tax administration

    The director of the income tax department introduced that after the abolition of the examination and approval of temporarily imposing personal income tax on the pformation of scientific and technological achievements, further simplification of its follow-up management became a major highlight of the announcement.

    The announcement also made clear the cancellation of individual acquisition.

    The stock option

    Or the subscription of stocks and other discounts or subsidized income tax difficulties in personal income tax audit and the approval of the law firm's collection methods. The management of reserve cases shall be carried out uniformly, and the main points for handling the filing procedures, processing time, filing forms and related materials shall be standardized.

    The announcement clearly stated that the scientific research institutions, universities or award-winning personnel who pformed the positions of scientific and technological achievements into shares and investment ratios should submit to the competent tax authorities within 15 days of the award of the award the interim record of the pfer of scientific and technological achievements not to be collected for personal income tax, so as to achieve the completion of the record of "one form" and no longer need to submit the certificate of capital contribution to the new and high technology achievements, the value assessment report and confirmation of the technical achievements, and other relevant details of the award, instead of being retained by the reward unit for future reference.

    These have greatly simplified the procedures for handling tax related matters related to the pformation of scientific and technological achievements, which is conducive to further encouraging the masses to start business innovation, and to stimulate "double creation" new kinetic energy.

    Related links:

    In February 1, 2016, 2 international standards ISO 17881-1:2016, "determination of certain flame retardants for textiles, first parts: brominated flame retardants" and "ISO 17881-2:2016" determination of certain flame retardants for textiles, were developed by China Textile Standard (Beijing) inspection and Certification Center Co., Ltd., second part: phosphorus flame retardant.

    In the absence of international standards, the China Textile Standard took the lead in 2012 to propose a new work proposal for the establishment of an international standard for the prohibition of restricted flame retardants in textiles, which attracted the attention of all countries.

    During this period, the Sino spinning standard organized a joint trial among 5 laboratories as the lead unit of the project, and successfully hosted the WG working group meeting in Beijing, with experts from 7 countries, including Japan, Britain, France, Italy, Switzerland and the United States, to reach a consensus on the main technical contents of the standard.

    The project lasted four years and was officially released in 2016.

    Flame-retardant textiles are added to textiles by spinning or fabric finishing. Due to the potential health threats and environmental pollution caused by some flame retardants, many countries, regions and organizations have issued regulations and technical standards to control the flame retardants in textiles. There is no uniform detection method.

    The issuance of the 2 ISO international standards is an important achievement of China's textile industry's substantive participation in internationalization. It further consolidates China's leading position in the field of textile ecological safety detection, and plays a positive role in promoting the internationalization of standards and technologies in the field of textile advantages and characteristics.


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