I. Tax Exemption Policy for Small and Micro Enterprises
Tax exemption policy for small and micro enterprises:
Article 28 of the Enterprise Income Tax Law stipulates that the enterprise income tax shall be levied at a reduced rate of 20% for small-scale enterprises with low profits that meet the requirements.
The first paragraph of Article 1 of the Announcement on Exemption of Small-scale Taxpayers from Relevant Collection and Management in State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) stipulates that small-scale taxpayers engage in VAT taxable sales, and the total monthly sales amount does not exceed 65,438+10,000 yuan. Paragraph 2: If a small-scale taxpayer engages in VAT taxable sales, and the total monthly sales amount exceeds 654.38+10,000 yuan, but it does not exceed 654.38+10,000 yuan after deducting the sales of real estate in the current period, the sales amount obtained from the sales of goods, services and intangible assets shall be exempted from VAT.
2. What taxes are exempted for small and micro enterprises?
Scope of tax exemption for small and micro enterprises;
1. VAT (before and after VAT reform)
Eligible small and micro enterprises can enjoy value-added tax concessions or tax exemption policies.
2. Enterprise income tax
Eligible small and micro enterprises can be reduced by 20%; Eligible small and micro enterprises can be included in taxable income at 50%.
3. Cultural construction fee
Taxpayers whose monthly sales or turnover does not exceed 30,000 yuan (including 30,000 yuan) and quarterly sales or turnover does not exceed 90,000 yuan (including 90,000 yuan) are exempted from additional education fees, additional local education fees, water conservancy construction funds and cultural undertakings. Reminder: Taxpayers who have not reached the VAT threshold can enjoy exemption from cultural undertakings construction fees.
4. Administrative expenses
Iii. Tax incentives for small and micro enterprises
Provisions on the exemption of small and micro enterprises from corporate tax are as follows: The Ministry of Finance and State Taxation Administration of The People's Republic of China jointly issued two documents: Notice on Continuing the VAT Policy for Small and Micro Enterprises and Notice on Supporting Financing-related Tax Policies for Small and Micro Enterprises. We will continue to exempt small-scale taxpayers with monthly sales of less than 30,000 yuan from value-added tax, and increase financing support for small and micro enterprises by exempting interest value-added tax of financial institutions and stamp duty on loan contracts of small and micro enterprises.