In recent years, the CPC Central Committee and the State Council attached great importance to the development of small and micro enterprises and individual industrial and commercial households, and issued a series of tax and fee support policies, constantly increasing tax reduction and fee reduction, helping small and micro enterprises and individual industrial and commercial households to reduce operating costs and alleviate financing problems. Small and micro enterprises, individual industrial and commercial households and other market players have grown rapidly, becoming an important force for China to prosper its economy, expand employment and improve people's livelihood. In 2022, according to the economic development situation, the CPC Central Committee and the State Council issued a new comprehensive tax and fee support policy, which further increased the support for small and micro enterprises and individual industrial and commercial households, adding more help to the development and growth of the majority of small and micro enterprises and individual industrial and commercial households. In order to thoroughly implement the decision-making arrangements of the CPC Central Committee and the State Council to implement the new comprehensive tax and fee support policies, and make it more convenient for small and micro enterprises and individual industrial and commercial households to know the applicable tax and fee preferential policies in time, State Taxation Administration of The People's Republic of China sorted out the tax and fee preferential policies for small and micro enterprises and individual industrial and commercial households, and formed 39 tax and fee preferential policies for small and micro enterprises and individual industrial and commercial households from three aspects: reducing burdens, promoting financing and helping businesses. Specifically: 1. Tax reduction 1. Allow small and micro enterprises to get tax refund at the end of VAT. 2. Eligible small-scale taxpayers are exempt from VAT. 3. Small-scale taxpayers shall be exempted from VAT by stages. 4. Deduct 65,438+000% from the R&D expenses of small and medium-sized science and technology enterprises. 5. Small-scale low-profit enterprises reduce or exempt enterprise income tax. 6. The taxable amount of individual industrial and commercial households is less than 6.5438+0 million yuan, and some personal income taxes are halved. 7. Small-scale taxpayers of value-added tax will reduce or exempt local "six taxes and two fees". Small-scale low-profit enterprises reduce or exempt local "six taxes and two fees" 9. Individual industrial and commercial households reduce local "six taxes and two fees" 10. Small and medium-sized manufacturing enterprises delay to pay some taxes and fees 1 1. One-time pre-tax deduction of equipment and electrical appliances purchased by small and medium-sized enterprises 12. 8+03. Eligible enterprises are temporarily exempted from collecting employment security fund for the disabled 14. Eligible taxpayers are exempt from relevant government funds 15. Eligible enterprises are exempted from employment security fund for the disabled 16. Eligible taxpayers are exempt from cultural undertakings construction fee 17. Eligible small-scale taxpayers of value-added tax shall be exempted from cultural undertakings construction fee II. Promoting the development of inclusive finance 18. Financial institutions are exempt from value-added tax on interest income of small and micro enterprises and individual industrial and commercial households 19. Financial institutions reduce the collection of enterprise income tax on farmers' interest income. Pre-tax deduction of loan loss reserve for agricultural financial enterprises and small and medium-sized enterprises is 2 1. Pre-tax deduction of loan losses of agricultural financial enterprises and small and medium-sized enterprises is 22. Financial institutions are exempt from stamp duty when signing loan contracts with small and medium-sized enterprises. Our farmers' interest income is exempt from value-added tax. 24. The interest income of the company's farmers is deducted from the company income tax. 25. The enterprise loan loss reserve is deducted before enterprise income tax. 26. Providing financing guarantee and re-guarantee business for farmers and small and micro enterprises is exempt from value-added tax. 27. The relevant reserves of SME financing (credit) guarantee institutions are exempt from value-added tax. 28. Financial institutions are exempt from value-added tax on farmers' interest income. 29 agricultural insurance and related technical training business projects. Exempt from VAT. The premium income obtained by insurance companies from providing insurance services for planting and aquaculture is reduced by 365,438+0. Stamp duty reduction and exemption for account books III. Preferential tax for key groups' entrepreneurship 32. Tax relief for key groups' entrepreneurship 33. Deduction of business tax for retired soldiers. Family members are exempt from value-added tax when starting businesses. Demobilized military cadres are exempt from personal income tax when starting businesses. Enterprises founded by demobilized military cadres who choose their own jobs are exempt from personal income tax. Disabled entrepreneurs are exempt from VAT. Legal Basis: Announcement of the State Ministry of Finance on Relevant Matters Concerning the Implementation of Preferential Income Tax Policies for Small and Low-profit Enterprises and Individual Industrial and Commercial Households In order to implement the Announcement of the Ministry of Finance State Taxation Administration of The People's Republic of China on the Implementation of Preferential Income Tax Policies for Small and Low-profit Enterprises and Individual Industrial and Commercial Households (12,2021), and further support the development of small and low-profit enterprises and individual industrial and commercial households, The relevant matters are hereby announced as follows: 1. Matters related to the policy of halving the income tax of small and low-profit enterprises (1) The annual taxable income of small and low-profit enterprises does not exceed 6,543,800 yuan, which is included in the taxable income at the reduced rate of 654.38+02.5%, and the enterprise income tax is paid at the reduced rate of 20%. (II) The specific collection and management issues involved in the enjoyment of the above policies by small-scale low-profit enterprises shall be implemented in accordance with the relevant provisions of the Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Relevant Issues Concerning the Implementation of Inclusive Income Tax Reduction and Exemption Policies for Small-scale Low-profit Enterprises (No.2019). Matters related to the policy of halving the individual income tax of individual industrial and commercial households (1) On the basis of the current preferential policies, the individual income tax will be halved for the part where the annual taxable income of individual industrial and commercial households does not exceed 6,543,800 yuan. Individual industrial and commercial households can enjoy it no matter what collection method is adopted. (2) Individual industrial and commercial households can enjoy it when paying taxes in advance, and their annual taxable income will be judged temporarily according to the situation at the end of the reporting period, and the annual final settlement will be calculated on an annual basis, with overpayment and underpayment. If individual industrial and commercial households obtain business income from more than two places, they need to combine the annual taxable income of individual industrial and commercial households when handling the annual summary tax return, recalculate the tax reduction and exemption, and refund more and make up less. (3) Individual industrial and commercial households shall calculate the tax relief according to the following method: tax relief = (taxable income of individual industrial and commercial households does not exceed 6.5438+0 million yuan-tax relief of other policies × taxable income of individual industrial and commercial households does not exceed 6.5438+0 million yuan ÷ taxable income of operating income) × (654.38+0-50%) (4) For individual industrial and commercial households declared through the electronic tax bureau, Three. Relevant Matters Concerning Cancellation of Prepayment of Personal Income Tax on Freight Transportation Invoices Individual industrial and commercial households, sole proprietorship enterprises, partnerships and individuals will no longer prepay personal income tax when issuing VAT invoices for freight transportation. Owners of individual industrial and commercial households, investors of sole proprietorship enterprises, individual partners of partnership enterprises and other individuals engaged in cargo transportation business activities shall declare and pay personal income tax on their business income according to law. Four. Regarding the implementation time and other matters, Articles 1 and 2 of this announcement shall take effect from 202 1 1 October1day, and shall be terminated on February1day, 2022. Before the announcement of 200211,individual industrial and commercial households who have paid personal income tax on their operating income can automatically deduct the tax in the following month. If they can't fully deduct the tax in that year, they can apply for tax refund at the time of final settlement. You can also directly apply for refund of tax payable. Article 3 This announcement shall come into force as of April 1 20265438.
Two. Can farmers' interest income obtained by financial institutions be tax-free?
20 17, 12, 1 to 20 19, 12, 3 1, financial institutions are exempt from value-added tax.
, refers to enterprises and micro-enterprises whose single-family credit is less than 6,543.8+0,000 yuan, and refers to enterprises whose single-family loan contract amount and loan balance are less than 6,543.8+0,000 yuan (inclusive).
3. Is the exemption of financial institutions from VAT the interest income of farmers?
It is best not to open a special invoice for loan interest income, because the other party cannot deduct it. If a special invoice is issued, there will be a problem of tax comparison. You pay the tax, and if the other party doesn't arrive, it becomes a detention ticket. It is best to issue an ordinary VAT invoice.
4. How do financial institutions pay taxes on targeted subsidies?
I. Financial Subsidy Policy
The state has issued a fiscal policy to encourage financial institutions and other organizations to participate in rural financial services. The central government attaches great importance to the construction of rural financial service system and solves the financing problems of agriculture, countryside and farmers.
1. Actively guide financial institutions to increase credit supply to small and micro enterprises and "agriculture, rural areas and farmers", and set up special funds for the development of inclusive finance, which will be used for the discount of business guarantee loans, incremental incentives for agriculture-related loans and targeted subsidies for rural financial institutions. From 20 13 to 20 17, the central government arranged a total of about 70 billion yuan of special funds to support 20,000 financial institutions, benefiting hundreds of thousands of small and micro enterprises and more than 65.438+0.5 million employees.
2. In addition, the central government will jointly set up a national financing guarantee fund with willing financial institutions, give full play to the leverage of financial funds, attract social capital to actively participate, support the development of financing guarantee industry through equity investment and re-guarantee, promote the formation of a government financing guarantee system with * * * resources, * * risks, overall consideration and multi-level linkage, and drive and guide more funds to flow to small and micro enterprises.
3. In the next step, the central government will conscientiously implement the work arrangements of the National Financial Work Conference and the the State Council Executive Meeting, and further increase financial policy support for the development of inclusive finance.
Second, preferential tax policies.
The state has promulgated tax policies to encourage financial institutions and other organizations to participate in rural financial services. In order to mobilize the enthusiasm of financial institutions to serve the development of agriculture, countryside and farmers, and effectively alleviate the problems of farmers' difficulty in obtaining loans and high financing, the state has issued a series of tax support policies.
1. First, the interest income earned by financial institutions in granting single-family credit to farmers, small enterprises, micro-enterprises and individual industrial and commercial households is exempt from VAT.
2. Second, the income from financial services provided by rural credit cooperatives, rural banks, rural mutual funds cooperatives, loan companies wholly sponsored by banking institutions, rural cooperative banks and rural commercial banks with legal person institutions located in counties (including county-level cities, districts and banners) and below the county level shall be subject to the simple taxation method, and the value-added tax shall be calculated and paid at the rate of 3%.
3. Third, the income from guarantee fees obtained by taxpayers from providing financing guarantees for farmers, small enterprises, micro-enterprises and individual industrial and commercial households, and the income from re-guarantee fees obtained from providing re-guarantee for the above-mentioned financing guarantees shall be exempted from VAT.
4. Fourth, the interest income of farmers in financial institutions (below 654.38 million yuan) is included in the total income according to 90% when calculating the taxable income; When calculating the taxable income, the premium income obtained by insurance companies providing insurance services for planting and aquaculture is included in the total income at 90%.
5. Fifth, farmers' interest income (less than 6.5438 million yuan) obtained by companies approved by provincial financial management departments (financial offices, bureaus, etc.). When calculating the taxable income, it is included in the total income according to 90%, and the loan loss reserve accrued according to 654.38+ 0% of the loan balance at the end of the year is allowed to be deducted before the enterprise income tax.
6. Sixth, for the four types of loan assets in the five-level risk classification of agricultural loans of financial enterprises, such as concern category, subcategory, doubtful category and loss category, the special reserve for loan losses accrued according to the prescribed proportion is allowed to be deducted before tax.
7. Seven is to allow insurance companies to deduct the agricultural insurance catastrophe risk reserve according to the prescribed proportion before tax.
8. In the next step, the Ministry of Finance will continue to implement relevant preferential tax policies with relevant departments to promote financial institutions to better serve agriculture, rural areas and farmers.