The State Taxation Administration recently issued the Announcement about Tax Collections during the Coronavirus Epidemic.
According to the announcement, if an enterprise hit-hard by the epidemic wants to extend the period for loss carryover, it should submit an electronic version of the Statement of Eligibility for Extending the Period of Losses Carryover when it pays corporate income tax for 2020; if a taxpayer is eligible for privileges on value-added tax and consumption tax, it can make tax-free declarations and keep relevant tax documents for future examinations.