Summary of preferential policies for enterprises in response to epidemic in Shanghai: 28 Policies
Tax breaks
1. Refund of ending withholding VAT
Applicability: enterprises undertaking designated tasks like material production.
2. Preferential VAT
Applicability: enterprises which are responsible for transportation of key materials for epidemic prevention, public transportation and life services.
3. Preferential VAT and excise tax
Applicability: Units and individual businesses that donate goods in accordance with regulations
4. Preferential corporate income tax
Applicability: enterprises producing key materials for epidemic prevention and control
5. Carryover losses for corporate income tax
Applicability: industries greatly affected by the epidemic
6. Pre-tax deduction of corporate income tax
Applicability: enterprises making donation in accordance with regulations
7. Reduction of real estate tax and urban land use tax
Applicability: enterprises whose real estate or land is expropriated in an emergency; enterprises that take the initiative to reduce the rent of real estate or land for their tenants.
8. Tax exemption for self-employed individuals
Applicability: Individual businesses
9. Reduction of stamp duty, property tax and urban land use tax
Applicability: Reserve management enterprises
Reduction of costs and burdens
1. Refund of unemployment insurance
Applicability: Qualified enterprises
2. Postpone of social security contributions
Applicability: All kinds of enterprises in Shanghai
3. Extension of social security contributions
Applicability: Qualified enterprises
4. Reduction of medical insurance contributions
Applicability: All kinds of enterprises in Shanghai
Reduction of costs and rent
1. Reduction of rent
Applicability: non-state-owned SMES
2. Refund of travel deposits
Applicability: Travel agencies
3. Subsidy of construction costs of cultural undertakings
Applicability: Entertainment service providers
4. Exemption ofregistration fee
Applicability: Biomedical and medical device enterprises
5. Temporary reductionof electricity fees
Applicability: Large non-high-energy-consumption industrial and general enterprises
Workforce stability subsidy
1. Training subsidy
Applicability: Qualified enterprises
Workforce stability subsidy
1.Loan preferences
Applicability: SMEs and micro businesses
2.Loan preferences
Applicability: Small and micro businesses
3. Loan preferences
Applicability: Key enterprises for epidemic prevention
4. Rate discount
Applicability: Foreign trade enterprises
5. Reduction of financing guarantee rate
Applicability: Key enterprises responsible for epidemic prevention and SMEs greatly affected by the epidemic
6. Financing incentives
Applicability: Technology enterprises
7. Preferential interest rate for loans and guarantees
Applicability: SMEs in cultural and creative industries
Support for innovation
1.Special support for the first version of software products
Applicability: Cloud computing enterprises
2.Support to scientific and technological enterprises to fight the epidemic
Applicability: Technological SMEs
3.Special funds supporting municipal software and integrated circuit industry development
Applicability: New cloud service projects
4.Special projects for innovation and industrialization of new coronavirus diagnosis and treatment
Applicability: Biomedical and medical device enterprises and institutions
Integrated services
1.Cloud-based office services
Applicability: All kinds of enterprises in Shanghai
Applicability: All kinds of enterprises in Shanghai
