The Ministry of Finance and the State Taxation Administration recently released the Announcement about Extending the Deadline for Preferential Tax & Fee Policies to Maintain Medical Supplies. According to the announcement, some preferential policies will continue to be implemented until December 31, 2020.
These preferential policies include that refund of value-added tax credits and loss carryover period will be extended to eight years , corporate donations can be fully deducted before tax, as well as some administrative fees and government funds will not be charged on a provisional basis.