What are the preferential tax policies for small and micro enterprises in 2020?
On April 27th, 2020, the Ministry of Finance and State Taxation Administration of The People's Republic of China announced the preferential tax policies for small and micro enterprises in 2020, and the preferential tax policies for small and micro enterprises were extended for four years. The specific notice is as follows:
In order to further support small and micro enterprises, individual industrial and commercial households and farmers to participate in inclusive finance, the relevant tax policies are hereby announced as follows:
Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance, on Tax Policies Related to Continued Support for Rural Financial Development (Caishui [2065438+07] No.44) and Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance, on Tax Policies Related to Companies (Caishui [2065438+07] No.48), The Notice of the Ministry of Finance in State Taxation Administration of The People's Republic of China on Tax Policies for Supporting Small and Micro Enterprises' Financing (Cai Shui [2065438+) and the Notice of State Taxation Administration of The People's Republic of China on Value-added Tax Policies for Leased Fixed Assets (Cai Shui [2017] No.90) stipulate that the expired preferential tax policies will be implemented until 2019123/KLOC.
Before the date of this announcement, the value-added tax that should be exempted according to the provisions of this announcement can be deducted from the value-added tax payable by taxpayers in the next month or refunded first.
What are the specific preferential tax policies for small and micro enterprises?
Ministry of Finance? Notice of State Taxation Administration of The People's Republic of China on Tax Policies for Supporting Small and Micro Enterprises' Financing (Cai Shui [2017] No.77)
All provinces, autonomous regions, municipalities directly under the central government and cities under separate state planning, finance departments (bureaus), State Taxation Bureau, Local Taxation Bureau, and Finance Bureau of Xinjiang Production and Construction Corps:
In order to further increase the support for small and micro enterprises, and promote the alleviation of financing difficulties and expensive financing, the relevant tax policies are hereby notified as follows:
1. From 17, 12, 1 day to 19, 12, 3 1 day, financial institutions will provide financial services to farmers, small enterprises, micro-enterprises and individual industrial and commercial households. Financial institutions should keep relevant tax exemption certification materials for future reference, conduct separate accounting for interest income that meets the tax exemption conditions, and make tax returns to the competent tax authorities in accordance with existing regulations; Without separate accounting, it shall not be exempted from value-added tax. Article 1 of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Continuing to Support the Development of Rural Finance (Caishui [2065438+07] No.44) shall be abolished accordingly.
Two. From 20 18 1 10 to 20201231February, the loan contracts signed by financial institutions with small enterprises and micro-enterprises shall be exempted from stamp duty.
Three, the term "farmers" as mentioned in this notice refers to farmers who have lived in the administrative area of the town (excluding Chengguan Town) for a long time, including farmers who have lived in the administrative village under the jurisdiction of Chengguan Town for a long time and farmers whose household registration is not local but have lived in the local area for more than 1 year, as well as state-owned farm workers. Collective households of state-owned economic organs, organizations, schools, enterprises and institutions located in the administrative areas of townships (excluding Chengguan Town) and administrative villages under the jurisdiction of Chengguan Town; Local registered households who have gone out with their families to make a living for more than one year are not farmers, whether they keep contracted farmland or not. Farmers can engage in agricultural production and management, and they can also engage in non-agricultural production and management with households as statistical units. The judgment of farmers' loans should be based on whether the borrower belongs to farmers at the time of loan issuance.
The term "small enterprises and micro-enterprises" as mentioned in this Notice refers to small enterprises and micro-enterprises that meet the requirements of the Classification Standard for Small and Medium-sized Enterprises (Ministry of Industry and Information Technology No.300 [20 165438]). Among them, the total assets and employee indicators are determined by the actual state at the time of loan issuance; The operating income index is determined by the cumulative number before loan issuance 12 natural months. If it is less than 12 natural months, it shall be calculated according to the following formula:
Operating income (year) = operating income during the actual existence of the enterprise/the number of months that the enterprise actually exists × 12.
The loan mentioned in this Notice refers to the loan of farmers, small enterprises, micro-enterprises or individual industrial and commercial households with a single household credit of less than 6,543,800 yuan (inclusive); If there is no credit line, it refers to a loan with a single-family loan contract amount and a loan balance of less than 6,543,800 yuan (inclusive).
Two, the the State Council executive meeting proposed to strengthen policy support and financial services for small and micro enterprises. ...
First, from 20 17 12 1 to 20 19 12 3 1, the scope of the policy of exempting interest income of financial institutions from farmers to small and micro enterprises and individual industrial and commercial households will be expanded, and the upper limit of the loan amount that enjoys tax exemption will be extended from a single household to 65438+. The second is to extend the two preferential policies of exempting small and micro enterprise loan contracts from stamp duty and exempting small and micro enterprises with monthly sales not exceeding 30,000 yuan from value-added tax to 2020. The third is to push the inclusive finance business department of a large state-owned bank to the grassroots level, and implement the targeted cuts to required reserve ratios for commercial banks with a single credit of less than 5 million yuan, such as loans for small and micro enterprises, loans for individual industrial and commercial households and small and micro enterprises, loans for farmers' production and operation, and entrepreneurial guarantees. , and give appropriate refinancing support. Support the expansion of the issuance scale of financial bonds for small and micro enterprises, and all the funds raised will be used for credit supply for small and micro enterprises. Fourth, vigorously support the development of policy financing guarantee and re-guarantee institutions, and set up a national financing guarantee fund as soon as possible. Promote the extension of the provincial agricultural credit guarantee system to cities and counties, and support the financing development of qualified small and micro agricultural enterprises. Fifth, moderately relax the restrictions on the commercial loan records of applicants for discount loans for entrepreneurial guarantee loans, and simplify the procedures for mortgage renewal registration and disposal of non-performing assets. Accelerate the application of financial big data, cloud computing and other technologies to help small and micro enterprises obtain financial services in a timely and convenient manner.
Three. Small and micro enterprise loan discount 2020
The interest rate of corporate loans will fluctuate on the benchmark interest rate stipulated by the People's Bank of China, and the specific floating ratio varies from bank to bank. In 2020, the commercial loan interest rate stipulated by the People's Bank of China will be 4.35% within one year, 4.75% within one to five years, and 4.90% for loans over five years.
Four. Preferential income tax policies for small and micro enterprises in 2020
First, the text answer
For the part of the annual taxable income of small and low-profit enterprises that does not exceed 6.5438+0 million yuan, it will be included in the taxable income at a reduced rate of 25%, and the enterprise income tax will be paid at a reduced rate of 20%. For the part where the annual taxable income of small and low-profit enterprises exceeds 6,543,800 yuan but does not exceed 3 million yuan, it will be included in the taxable income at a reduced rate of 50%, and the enterprise income tax will be paid at a reduced rate of 20%. Enterprise income tax will be levied by half for the part where the annual taxable income of small and low-profit enterprises does not exceed 1 10,000 yuan. On the basis of the current preferential policies, individual income tax will be levied by half on the part of individual industrial and commercial households whose annual taxable income does not exceed 6,543,800 yuan.
Second, analysis
Small and micro enterprises are collectively referred to as small enterprises, micro enterprises and family workshop enterprises. In 20 15, China implemented the policy of starting point for small and micro enterprises and individual industrial and commercial households and the policy of halving income tax for small and low-profit enterprises, and reduced or exempted taxes by nearly10 billion yuan. Small and medium-sized enterprises are divided into three types: medium, small and micro. Specific standards are formulated according to employees, operating income, total assets and other indicators, combined with industry characteristics. Small and micro enterprises are the main channel to provide new jobs, the main platform for entrepreneurs' entrepreneurial growth and an important force for scientific and technological innovation. Diversified short-term loan services will help small and micro enterprises to enhance their ability to resist risks, seize market opportunities in time and seize development opportunities.
Third, the shortcomings of small and micro enterprises?
Compared with the maturity of large enterprises, small and micro enterprises have a big gap in management system, talent allocation and funds, which has become the main obstacle for enterprises to apply informatization. According to statistics, there are more than 40 million small and medium-sized enterprises in China, of which informatization is insufficient 10%. Due to the lack of information support, the management of most small and micro enterprises is in an extensive and chaotic state, which leads them to be at a disadvantage in market competition and easy to go bankrupt because of the competition of large and medium-sized enterprises, which also restricts the further development of small and micro enterprises.