The announcement stated that for enterprises whose first year of implementation of the “Insurance Contract Guidelines” was 2025 or the previous year, when calculating the payment of corporate income tax, the “Insurance Contract Guidelines” will be used as a basis starting in 2026 to make tax adjustments and calculate the payment of corporate income tax in accordance with current corporate income tax regulations. The cumulative impact of retained earnings resulting from the first implementation of the “Insurance Contract Guidelines” by an enterprise is included in the 2026 taxable income according to the amount before tax, or evenly included in the taxable income for each year for five years starting in 2026. The two methods can be selected independently, and once selected, they cannot be changed. For enterprises whose first year of implementation is 2026 or later, when calculating the payment of corporate income tax, tax adjustments are made and the payment of corporate income tax is calculated in accordance with the current corporate income tax regulations based on the “Insurance Contract Guidelines” from the first year of implementation. enterprise.

The announcement stated that for enterprises whose first year of implementation of the “Insurance Contract Guidelines” was 2025 or the previous year, when calculating the payment of corporate income tax, the “Insurance Contract Guidelines” will be used as a basis starting in 2026 to make tax adjustments and calculate the payment of corporate income tax in accordance with current corporate income tax regulations. The cumulative impact of retained earnings resulting from the first implementation of the “Insurance Contract Guidelines” by an enterprise is included in the 2026 taxable income according to the amount before tax, or evenly included in the taxable income for each year for five years starting in 2026. The two methods can be selected independently, and once selected, they cannot be changed. For enterprises whose first year of implementation is 2026 or later, when calculating the payment of corporate income tax, tax adjustments are made and the payment of corporate income tax is calculated in accordance with the current corporate income tax regulations based on the “Insurance Contract Guidelines” from the first year of implementation. enterprise.