The Ministry of Finance and other departments issue tax policies to further support entrepreneurship and employment of key groups

The Ministry of Finance and other departments issued an announcement on tax policies to further support entrepreneurship and employment of key groups which include those who have been lifted out of poverty (including the monitoring objects for preventing return to poverty) and who have received the Employment and Entrepreneurship Certificate (indicating self-employment tax policy or self-employment tax policy within the year of graduation) or Employment and Unemployment Registration Certificate from January 1, 2023 to December 31, 2027. If these people are engaged in self-employment, starting from the month when they registered as individual industrial and commercial households, within 3 years, the value-added tax, urban maintenance and construction tax, education surcharge, local education surcharge, and personal income tax that they should actually pay in that year shall be deducted sequentially within a limit of 20,000 yuan/household per year. The limit standard can be raised by up to 20%, and the people’s governments of provinces, autonomous regions, and municipalities directly can determine the specific limit standard within this range according to the actual situation in the region.