Whether in developed or developing countries, small and micro enterprises are important pillars of economic development and social stability, and the most active factor in a country's economy, which has played an important role in promoting economic development, solving employment, maintaining market vitality and promoting scientific and technological innovation.
First, how to calculate the tax reduction and exemption for small and micro enterprises
1. Small-scale VAT taxpayers whose monthly sales are below 654.38+10,000 yuan (inclusive) are exempt from VAT.
2. The part of the annual taxable income of small and low-profit enterprises that does not exceed 6,543,800 yuan+0,000 yuan shall be included in the taxable income at a reduced tax rate of 25%, and enterprise income tax shall be paid at a tax rate of 20%; For the part of the annual taxable income exceeding 6,543,800 yuan but not exceeding 3 million yuan, it shall be included in the taxable income at a reduced rate of 50%, and the enterprise income tax shall be paid at a reduced rate of 20%.
2. What is the allowance for small and micro enterprises?
(Announcement No.4 of 20 19, Article 1, Paragraph 1) If the total monthly sales of small-scale taxpayers does not exceed 654.38+10,000 yuan, they will be exempted from value-added tax (if 1 quarter is 1 tax period, the quarterly sales will not exceed 300,000 yuan, the same below).
(Announcement No.4, 20 19, Article 1, Paragraph 2) Small-scale taxpayers engaged in taxable sales of value-added tax. If the total monthly sales amount exceeds 654.38+million yuan, but the sales amount does not exceed 654.38+million yuan after deducting the sales of real estate in this period, the sales of goods, services and intangible assets obtained by them shall be exempted from value-added tax.
Three, small and micro enterprises are exempt from value-added tax.
Value-added tax is the largest tax in China. General enterprises need to pay value-added tax whether they have profits or not. For enterprises that cannot completely transfer the burden of value-added tax to the next home, the burden of value-added tax becomes the tax burden of the enterprise. However, small-scale VAT taxpayers (monthly sales of 30,000 yuan) have tax exemption standards. During the period from 20 19 1 kloc-0/2021231,the Ministry of Finance and State Taxation Administration of The People's Republic of China raised the tax exemption standards: for monthly sales of less than 654.38 million yuan (inclusive).
Therefore, there are two conditions for enjoying VAT exemption. One is a small-scale VAT taxpayer. At present, the annual VAT sales of 5 million yuan or less can be registered as small-scale taxpayers, and most enterprises in China are small-scale VAT taxpayers. Second, the monthly sales are below 654.38+10,000 yuan (including 654.38+10,000 yuan), so the quarterly sales are below 300,000 yuan, which is more than three times larger than before. At present, small-scale taxpayers of value-added tax generally pay taxes at 3% of sales. Assuming that the annual sales peak of tax exemption is 6.5438+0.2 million yuan, it was required to pay tax at 36,000 yuan before, but it was tax-free after the New Deal, and the tax reduction reached 36,000 yuan. I hope that how to calculate the above tax reduction and exemption for small and micro enterprises, how much tax exemption for small and micro enterprises, and the exemption of value-added tax for small and micro enterprises will be helpful.
Legal objectivity:
Article 28 of the Enterprise Income Tax Law of People's Republic of China (PRC)
Small and low-profit enterprises that meet the requirements shall be subject to enterprise income tax at a reduced rate of 20%.
High-tech enterprises that need special support from the state shall be subject to enterprise income tax at a reduced rate of 15%.
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Within the territory of People's Republic of China (PRC), enterprises and other income-earning organizations (hereinafter referred to as enterprises) are taxpayers of enterprise income tax and pay enterprise income tax in accordance with the provisions of this Law.