State Administration of Taxation, Circular on Issues Relevant to the Cancellation of the Review Authority Required for Temporary Exemption of Individual Income Tax for the Promotion of Practical Application of Scientific and Technological Achievements

国家税务总局关于取消促进科技成果转化暂不征收个人所得税审核权有关问题的通知

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Individual income tax exemption formalities streamlined for winners for scientific and technological awards.

Issued: August 1 2007

Main Contents: Starting from August 1 2007, individuals who have been granted awards for practical application of scientific and technological achievements in the form of equity such as shares or capital contribution by scientific research organizations and tertiary education institutions shall be entitled to the preferential policy of exemption of individual income tax without undergoing the review procedure carried out by the tax authority in charge.

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