Notice of the State Taxation Administration on the Exemption of Individual Income Tax on One-time Compensation Income Obtained by Employees of State-owned Enterprises Due to Termination of Labor Contracts

This document specifies the policy on individual income tax exemption for one-time compensation received by state-owned enterprise employees upon contract termination, but it has been abolished as of January 1, 2019, per the transitional rules in the revised Individual Income Tax Law.