According to the "Notice of the Ministry of Finance, State Administration of Taxation and General Administration of Customs on Tax Policies for the Beijing 2022 Winter Olympics and Paralympics" (Finance and Taxation [2017] No. 60): "3. Regarding the tax policies for the Beijing 2022 Winter Olympics and Paralympics" The following tax policies apply to participants of the Olympic Games, Winter Paralympics, and test events
(1) Sponsorships and donations to enterprises, social organizations, and groups for the Beijing 2022 Winter Olympics, Winter Paralympics, and test events Expenditures on funds, materials and services shall be fully deducted when calculating the enterprise's taxable income.
(2) The expenses provided by the enterprise to the Beijing Winter Olympics Organizing Committee for free according to the sponsorship agreement are related to the Beijing 2022 Winter Olympics. Services related to the Games, Winter Paralympics, and test competitions are exempt from VAT. The tax exemption list shall be determined by the Beijing Winter Olympics Organizing Committee and the Ministry of Finance and the State Administration of Taxation.
(3) Individual donations to Beijing 2022. Funds and material expenditures for the Olympic Games, Winter Paralympics, and test events can be fully deducted when calculating personal taxable income.
(4) Donation of property (items) to the property owner. The property transfer documents written by the Beijing Winter Olympics Organizing Committee are exempt from the stamp duty payable
(5) For those invited by the Beijing Winter Olympics Organizing Committee, participating in the Beijing 2022 Winter Olympics and Winter Paralympics. Foreign consultants, referees and other foreign technical officials who temporarily come to China during the Olympic Games and test events to engage in Olympic-related work are exempt from value-added tax and personal income tax on labor remuneration paid by the Beijing Winter Olympics Organizing Committee and the test event organizing committee. .
(6) The compensation obtained by referees and other Chinese technical officials during the Beijing 2022 Winter Olympics, Winter Paralympics, and test events will be paid by the Beijing Winter Olympics Organizing Committee and the Test Event Organizing Committee. The labor remuneration is exempt from the value-added tax payable.
(7) For the bonuses and other reward income received by participating athletes from the Beijing 2022 Winter Olympics, Winter Paralympics, and test competitions, the value-added tax shall be exempted. The relevant provisions of current tax laws and regulations exempt personal income tax payable
(8) Construction, trial operation, test competitions, Winter Olympics and Winter Paralympics in Beijing 2022 Winter Olympics venues (venues). During the Olympic Games, water resources used for the construction, operation and maintenance of venues (venues) for the Beijing 2022 Winter Olympics will be exempted from the water resources tax payable.
(9) Exemption from the Beijing 2022 Winter Olympics. Participants of the Olympic Games, Winter Paralympic Games, and test competitions provide free services and transfer intangible assets to the Beijing Winter Olympics Organizing Committee for free.”
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