In order to overcome the difficulties encountered by enterprises and support the long-term and stable development, a series of policies have been taken to proactively implement the decisions and deployment of the CPC central committee and the state council as well as the requirement of Shandong Province.
I. Taxes & fees reduction
1.Postpone the payment of taxes. National and Provincial policies on tax relief, tax payment postponement and tax refund shall be implemented at the highest standard. SMEs that are affected by the epidemic and fail to file taxes on time can apply for postponing the filing in accordance with the law. Enterprises with difficulties in paying taxes can apply to postpone tax payment to no more than 3 months later according to the law.
(Department in charge: Tax Collection and Technology Development Division, Qingdao Tax Service)
2.Reduce taxes & fees of SMEs. For SMEs that are severely impacted by the epidemic and fail to pay urban land use tax and property tax, upon the verification of tax departments, their urban land use tax and property tax shall be reduced or exempted.
(Department in charge: Property Behavior Tax Division, Qingdao Tax Service)
3.Extend the carry-forward period for losses of enterprises. The maximum carry-forward period for losses incurred in 2020 by enterprises in sectors severely affected by the epidemic shall be extended from 5 years to 8 years. Sectors severely affected by the epidemic herein include transportation, catering, accommodation and tourism (specifically refer to travel agency and related services, and the management of scenic areas). The specific classification criteria shall be in accordance with the latest National Classification of Economy and Industries.
(Department in charge: Qingdao Tax Service, State Administration on Taxes)
4.Reduce social insurance costs. Enterprises undergoing severe difficulties due to the epidemic is eligible to apply for postponing the payment of social insurance premiums for as long as six months，and no overdue fine shall be charged during this period.
(Departments in charge: Employment Assistance Office of Qingdao Employment Service Center; Collection Office of Qingdao Medical Security Center; Social Security Division of Qingdao Municipal Bureau of Finance )
5.Relieve enterprises from pressure of costs. During the epidemic prevention and control, supplies of electricity, water and natural gas shall not be cut for enterprises that fail to pay the bills, and supportive electricity pricing policy of Shandong province shall be strictly implemented. Enterprises that fail to pay the bills are eligible to apply for postponing the payments for no more than six months.
(Departments in charge: Qingdao Municipal Development and Reform Commission, Qingdao Municipal Urban Management Bureau)
II. Financial support
6.Intensify credit support. In the sectors hit hard by the epidemic, new loans, rollover without principal repayment and emergency bridge loans shall be provided to qualified enterprises especially SMEs, to help them stabilize credit granting. For SMEs with difficulty in repaying loans due to the epidemic, banks and local financial institutions shall help them go through the difficulties by reducing interest rates or adjusting repayment terms. Banks and local financial institutions shall not suspend or postpone making loans or recover loans in advance from these enterprises.
(Departments in charge: Credit Loan Management Office of PBOC Qingdao Branch; Statistics and Information Office of Qingdao Banking Regulatory Commission; Market Allocation & Promotion Division of Qingdao Local Financial Supervision Bureau)
7.Reduce the cost of credit financing. Banks and financial institutions shall reduce the cost and ensure that the financing cost of small and micro businesses will decrease year on year by adopting LPR, favourable FTP and reducing or exempting commission fees. The comprehensive financing cost of inclusive loans made to small and micro businesses shall be cut by 0.5% on the basis of last year.
(Departments in charge: Credit Loan Management Office of PBOC Qingdao Branch; Statistics and Information Office of Qingdao Banking Regulatory Commission; Market Allocation & Promotion Division of Qingdao Local Financial Supervision Bureau)
III. Enterprises assistance & employment stabilization
8.Beef up assistance to enterprises in saving jobs. During the epidemic prevention and control period, for insured enterprises that lay off no or few employees, 50% of the unemployment insurance premium they paid in the previous year will be refunded. For enterprises undergoing temporary difficulty and with robust development prospect, six months' social insurance premium paid by the enterprises and their employees in the previous year will be refunded. The validity period of this policy is subject to national regulations.
(Departments in charge: Employment Assistance Office of Qingdao Employment Service Center; Collection Office of Qingdao Medical Security Center; Social Security Division of Qingdao Municipal Bureau of Finance)
9. Assist enterprises to stabilize employment. Enterprise facing difficulties in production and operation due to the epidemic may stabilize their employment by means of adjustment of salary, rotation of day-off and work shift, reduction of working hours and on-job training etc.. Qualified enterprises may also apply for adopting comprehensive working hour system according to law, and maintain normal production and operation by centralized working and vacation.
(Department in charge: Qingdao Municipal Bureau of Human Resource & Social Security)
10.Streamline employment information channels and encourage governments at all levels to resolve enterprises' difficulties in labor recruitment by such means as online job fair and the third party intermediary services etc..
(Departments in charge: Qingdao Employment Service Center; Qingdao Service Center for Small and Medium-sized Enterprises)
IV. Business Promotion
11.Protect enterprises from trade risks. Strengthen export credit insurance services and streamline claim settlement procedures with higher efficiency. A subsidy of 60% of the premium of short-term export credit insurance paid by non-small and micro foreign trade enterprises shall be offered and the figure is 10% for insured small and micro foreign trade enterprises.
(Department in charge: Division of Foreign Trade Management, Qingdao Bureau of Commerce)
12.Proof of force majeure. Authorized by China Council for the Promotion of International Trade, the Qingdao Municipal Council for the Promotion of International Trade can issue the certificate of force majeure within a certain scope. Enterprises that fail to fulfill international trade contracts due to the epidemic may apply to the Qingdao Municipal Council for the Promotion of International Trade for issuing relevant certificates.
(Department in charge: Qingdao Council for the Promotion of International Trade)
V. Other Measures
13. Rent reduction for SMEs. During the epidemic prevention and control, 1-3 months' rent of enterprises which rent commercial properties owned by SOEs may be exempted or reduced by 50%. A rollover of rent may be offered to enterprises with financial difficulty upon negotiation. Enterprises and private entities which rent public properties owned by government departments or institutions will be exempted from the rent of February and March, and those with severe difficulties will see their rent reduced by 50% from April to June 2020. Owners of other commercial properties will be encouraged to reduce rent upon negotiation, and large buildings, shopping malls, industrial parks and all types of property owners will also be mobilized to reduce rent.
(Department in charge: Qingdao Management Center of Housing Provident Fund)
14.Postpone the payment of urban infrastructure fees. New projects starting construction during the epidemic in first half of 2020 are eligible to apply for postponing the payment of urban infrastructure fee with guarantee letters issued from banks under the precondition that they have obtained construction permits. The payment may be postponed from the date of approval by the local government to the end of June or no more than 10 days after the epidemic is over.
(Departments in charge: Qingdao Municipal Bureau of Housing and Urban-Rural Development, Qingdao Municipal Bureau of Finance)
15.Reduce the payment of housing provident fund. Enterprises and freelancers who fail to pay the housing provident fund before the end of June 2020 are allowed to postpone the payments and make remedial payments in full before the end of September. During the epidemic prevention and control, enterprises and employees are allowed to reduce the housing fund contributions to as low as 5%. Enterprises that are undergoing severe operational difficulties and still fail to pay the housing fund after the epidemic are eligible to apply for lowering the contributions to as low as 1% for no more than 12 months or postpone the payment of housing fund after January 2020. Enterprises shall make remedial payments in full amount before the deadline of this policy.
(Department in charge: Qingdao Housing Provident Fund Management Center)
16.Installment payment of the land transfer fee. During the epidemic prevention and control, for the newly transferred land for real estate development(including commercial land and residential land), 50% of the starting price of the land can be charged as the auction security, and 20% of the transaction price of the land can be charged as the deposit; For other types of land, 20% of the starting price can be charged as the auction security, and 50 % of the transaction price of the land has to be paid within one month after the transfer contract is signed. With a commitment letter issued by the land use unit, the balance can be paid by within one year on installment. Interests shall be paid accordingly during the installment period.
(Departments in charge: Qingdao Natural Resources and Planning Bureau, Qingdao Municipal Bureau of Housing and Urban-Rural Development)
17.Extend the term of contracts. For SMEs that fail to fulfil their contracts signed with SOEs, the term of contract execution can be extended upon negotiation. As strictly regulated by the central, provincial and municipal governments, state-owned enterprises shall clear up arrears due to SMEs and private enterprises, and ensure that these enterprises get the payment on time and in full according to the contracts. No new arrears shall be added during this period.
(Departments in charge:Qingdao State-owned Assets Administration Committee; Qingdao Private Economy Bureau; Qingdao Municipal Bureau of Finance)
Contacts for policy consultation:
Taxes & Fees Reduction
Tax Collection and Technology Development Division
Qingdao Tax Service,State Taxation Administration
Tel.: +86 0532-83931352, 0532-83931200
Property Behavior Tax Division
Qingdao Tax Service,State Taxation Administration
Tel.: 0532-83931365
Cargo & Labor Tax Division
Qingdao Tax Service,State Taxation Administration
Tel.: +86 0532-83931261, 0532-83931130
The Second Branch
Qingdao Tax Service,State Taxation Administration
Tel.: +86 0532-83931798, 13705325663
Endowment Insurance Division
Qingdao Human Resources and Social Security Bureau
Tel.: +86 0532-85912362
Payment Guarantee Division
Qingdao Medical Insurance Bureau
Tel.: +86 0532-85715319
The General Affairs Office
Qingdao Tax Service,State Taxation Administration
Tel.: +86 0532-83891261
The General Affairs Office
Qingdao Municipal Development and Reform Commission
Tel.: +86 0532-85911218
The General Affairs Office
Qingdao Municipal Urban Management Bureau
Tel.: +86 0532-82861384
Financial Support
Credit Loan Management Office
PBOC Qingdao Branch
Tel.: +86 0532-80896856
Statistics and Information Office
Qingdao Banking Regulatory Commission
Tel.: +86 0532-83079360
Market Allocation&Promotion Division
Qingdao Local Financial Supervision Bureau
Tel.: +86 0532-85913283
The General Affairs Office
PBOC Qingdao Branch
Tel.: +86 0532-83870999
Enterprises Assistance & Employment Stabilization
Employment Assistance Division
Qingdao Employment Service Center
Tel.: +86 0532-8368928, 0532-83660517
Collection Affairs Division
Qingdao Medical Security Center
Tel.: +86 0532-85712877
Social Security Division
Qingdao Municipal Bureau of Finance
Tel.: +86 0532-85855885
Endowment Insurance Division
Qingdao Municipal Human Resources and Social Security Bureau
Tel.: +86 0532-85912362
Payment Guarantee Division
Qingdao Medical Insurance Bureau
Tel.: +86 0532-85715319
The General Affairs Office
Qingdao Employment Service Center
Tel.: 0532-83668005
The General Affairs Office
Qingdao Service Center for Small and Medium-sized Enterprises
Tel.: +86 18816393088
Business Promotion
Foreign Trade Management Division
Qingdao Municipal Bureau of Commerce
Tel.: 0532-85918136
The General Affairs Office
Qingdao Municipal Council for the Promotion of International Trade
Tel.: 0532-51917139, 13573256701; 0532-51917131, 18661736629
The General Affairs Office
Qingdao Municipal Bureau of Commerce
Tel.: 0532-85918109
The General Affairs Office
Qingdao Customs
Tel.: 0532-82955112
Other Measures
The General Affairs Office
Qingdao State-owned Assets Administration Committee
Tel.: 0532-83786832
The General Affairs Office
Qingdao Private Economy Bureau
Tel.: 0532-85912830
The General Affairs Office
Qingdao Municipal Bureau of Finance
Tel.: 0532-85855810
The General Affairs Office
Qingdao Bureau of Housing and Urban-rural Development
Tel.: 0532-85720001
The General Affairs Office
Qingdao Management Center of Housing Provident Fund
Tel.: 0532-3096735
The General Affairs Office
Qingdao Municipal Bureau of Natural Resources and Planning
Tel.: 0532-83872170
The General Affairs Office
Qingdao Disabled Persons' Federation
Tel.: 0532-80979503
The General Affairs Office
Qingdao Tax Service,State Taxation Administration
Tel.: 0532-83891261
The General Affairs Office
Qingdao Municipal Transport Bureau
Tel.: 0532-88018903
