Tax-related Issues on China’s Government Subsidies
Q: |
What circumstance can withdraw funds from the account? |
A: |
Housing Provident Fund withdrawal business can be carried out when the following relevant conditions exist:
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Q: |
Can foreigners working in Shanghai, those who have obtained permanent (long-term) residency abroad, and residents of Taiwan, Hong Kong and Macao can participate in the housing provident fund? |
A: |
Established labor (employment) relationship with employers in this city, and applied for the Shanghai Overseas Talent Residence Permit (or the original "Shanghai Residence Permit B"), "Foreign Employment Permit" and "Taiwan, Hong Kong and Macao Employment Permit" in accordance with the regulations, Employment Approval Certificate for Employment of Residents Abroad in Shanghai "and other documents, foreign permanent (long-term) residency rights and Taiwan, Hong Kong, and Macao staff who come to Shanghai, based on consultation with the unit, can declare the housing provident fund based on the current regulations, the deposit base and the deposit ratio are all implemented in accordance with the current regulations of this Municipality.
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Q: |
When applying for a housing provident fund loan, there are often cases where a reconsideration is required. In what circumstances will a reconsideration occur, how should it be handled? |
A: |
Applicants who do not meet the requirements for provident fund loans due to discontinuous 6 months, arrears of payment, and overage during the loan application process. Reconsideration is required, the required materials are as follows:
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Q: |
How to withdraw housing provident fund to pay for housing rental? |
A: |
Staff rental housing can only be withdrawn from the housing provident fund to pay the rent through the city's housing rental public service platform for online signing and filing. Except for renting affordable housing (public rental housing, low-rent housing) in this city. Applicants who rent a house that meet the following conditions may apply to withdraw the storage balance in the housing provident fund account of themselves and their spouse to pay for the rent:
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Q: |
Whether the housing provident fund loan can be repaid in advance and whether it will charge a penalty?
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A: |
The loan can be repaid in advance. Partial repayment of borrowers in advance can be applied for the early return of the principal and interest of the housing provident fund personal loan, and the amount of each repayment should not be less than 6 months of the housing provident fund loan principal and interest; if the borrower applies for the early return of the entire housing provident fund loan balance, it will not be subject to the time limit for loan. The borrower does not have to pay liquidated damages for prepayment of housing provident fund loans.
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Q: |
How to withdraw the housing provident fund if you can't provide the invoice for the purchase of the foreign ownership? |
A: |
When purchasing a housing provident fund for ownership of self-occupied housing, you must provide a full invoice for the purchased housing. If you are buying a second-hand house and cannot provide an invoice for the purchase, you can provide a deed tax payment certificate issued by the national tax department. |