According to the relevant provisions of the Announcement of the Ministry of Finance State Taxation Administration of The People's Republic of China on Supporting the Individual Income Tax Policy for the Prevention and Control of novel coronavirus Epidemic:

Temporary work standards and bonuses obtained by epidemic prevention personnel according to the standards set by the government shall be exempted from personal income tax. That is, during the epidemic period, the work subsidies and bonuses obtained by epidemic prevention personnel according to law do not need to pay a tax.

Give a common example:

For example, during the epidemic, the main job of the epidemic prevention staff in the community is to check the temperature of pedestrians entering and leaving, and be responsible for the registration of personnel. They get subsidies from 200 yuan every day. According to the announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China on supporting the individual income tax policy for the prevention and control of novel coronavirus epidemic, they can get the work subsidy from 200 yuan and be exempted from individual income tax.

Accounting treatment of government subsidy income

After receiving government subsidies, according to the purpose of government subsidies, there are mainly the following situations:

(1) The government subsidy is used to subsidize the sales of commodities, and the government subsidy is regarded as sales. The entry is:

Debit: bank deposit

Loan: income from main business

Taxes payable-VAT payable (output tax)

(2) Government subsidies are used for assets and buildings, and are shared with the service life of assets after completion:

When receiving government subsidies, it will be included in the deferred revenue subjects:

Debit: bank deposit

Loans: deferred income

When fixed assets (or intangible assets) are depreciated (or amortized) every year, deferred income shall be recognized every year according to the depreciation (or amortization) period:

Debit: Deferred income.

Loan: non-operating income

(3) receiving government subsidies unrelated to daily activities and transferring them to non-operating income subjects:

Debit: bank deposit

Loan: non-operating income

(4) Receiving government subsidies related to daily activities can be confirmed at one time in the current period;

Debit: bank deposit

Loans: other income

How to deal with government subsidies during epidemic prevention, and whether to pay taxes? Generally speaking, in fact, many students know that they can enjoy the tax exemption policy during the epidemic period through Mr. Bian Xiao's interpretation of the tax policy during the epidemic period. At the same time, the entry on tax-free accounting treatment during the epidemic can be inquired here, and many related teachers can answer it for you.