Beijing preferential tax policies 202 1

Legal analysis: 202 1 Pilot two preferential tax policies in Zhongguancun, 1 Start the pilot of preferential income tax policies for venture capital enterprises. For qualified corporate venture capital enterprises in the demonstration area, if the income from equity transfer exceeds 50% of the total annual income from equity transfer for more than three years, the enterprise income tax may be levied by half; If the income from equity transfer held for more than five years exceeds 50% of the total annual income from equity transfer, it may be exempted from enterprise income tax. 2. Piloting preferential income tax policies for technology transfer. For resident enterprises registered in the six parks of Chaoyang Park, Haidian Park, Fengtai Park, Changping Park, Shunyi Park and Daxing Industrial Park in the demonstration area, the part of eligible technologies (such as patents and computer software copyrights) that does not exceed 20 million yuan shall be exempted from enterprise income tax; Corporate income tax will be levied by half on the part exceeding 20 million yuan.

Legal basis: Notice of the CSRC of State Taxation Administration of The People's Republic of China Development and Reform Commission of the Ministry of Finance on the Pilot Policy of Corporate Income Tax for Corporate Venture Capital Enterprises in Zhongguancun National Independent Innovation Demonstration Zone (Caishui [2020] No.63) 1. For the corporate venture capital enterprises in the demonstration area, if the income from equity transfer held for more than 3 years accounts for more than 50% of the total annual income from equity transfer, the enterprise income tax of the current year will be levied by half according to the proportion of shares held by individual shareholders at the end of the year; If the income from equity transfer held for more than 5 years accounts for more than 50% of the total annual income from equity transfer, the enterprise income tax of the current year shall be exempted according to the proportion of individual shareholders' shareholding at the end of the year.