The Ministry of Finance (MOF)recently released news that related taxation policies jointly issued by the MOF, the General Administration of Customs (GAC)and the State Administration of Taxation (SAT) on supporting Yushu post-earthquake reconstruction has been approved officially. The preferential taxation policies are involved in multi-aspects such as reconstruction of earthquake-affected enterprises, individuals, construction of the basic facilities and buildings, donations from across China, jobs for the earthquake-hit area and so on.

The Circular on Issues Concerning Taxation Policies on to Support Yushu Post-earthquake Reconstruction was formulated according to the Opinion of the State Council on the Polices and Measures for Yushu Post-earthquake Reconstruction, aiming to help and support the reconstruction of Yushu earthquake-hit area, make an overall plan and guide social forces of all parts to rebuild their homes smoothly and guarantee to basically accomplish the main projects within three years to make the basic living and production conditions and the social and economic development fully recover and surpass the pre-disaster level.