The national government’s subsidy policy for small and medium-sized enterprises:
1. Re-loans to support small businesses: The People’s Bank of China issued the “Notice on Establishing Re-loans to Support Small Businesses to Support the Expansion of Credit to Small and Micro Enterprises” notify". Re-lending to support small businesses was officially created under the credit policy support re-loan category, specifically to support financial institutions in expanding credit to small and micro enterprises. At the same time, a national re-loan quota for supporting small businesses was set at RMB 50 billion.
2. Income tax preferences: The Ministry of Finance, the Taxation Bureau, and the State Administration of Taxation jointly issued the "Notice on Issues Concerning Income Tax Preferential Policies for Small and Low-profit Enterprises." Small and low-profit enterprises, regardless of whether they adopt the method of corporate income tax collection through audit or verification, as long as they meet the prescribed conditions for small and low-profit enterprises, they can enjoy the preferential income tax policies for small and low-profit enterprises in accordance with the regulations. Including corporate income tax reduced by 20%, and from January 1, 2014 to December 31, 2016, if the annual taxable income is less than 100,000 yuan (including 100,000 yuan), its income is reduced by 50% Income taxable income and pay corporate income tax at a rate of 20%.
3. Development of special funds: Notice from the Ministry of Finance, the Ministry of Commerce, the Ministry of Industry and Information Technology, and the Ministry of Science and Technology on the issuance of the "Interim Measures for the Management of Special Funds for the Development of Small and Medium-sized Enterprises". The purpose of the special funds is to implement national macro policies and support the development strategy of small and medium-sized enterprises, make up for market failures, promote fair competition, stimulate the vitality and creativity of small and medium-sized enterprises and the non-public economy, promote the expansion of employment and improve people's livelihood. Special funds comprehensively use support methods such as free funding, equity investment, business subsidies or rewards, compensation, and purchase of services, adopt market-oriented methods, introduce competitive allocation methods, and encourage venture capital institutions, guarantee institutions, and public service institutions etc. to support small and medium-sized enterprises and give full play to the guiding and promoting role of fiscal funds.
4. Support small and micro cultural enterprises: The Ministry of Finance, the Ministry of Culture, and the Ministry of Industry and Information Technology issued the "Implementation Opinions on Vigorously Supporting the Development of Small and Micro Cultural Enterprises". The new support policy for small and micro cultural enterprises will involve Market access, tax reduction, credit support, etc. Among them, in response to the high cost of water, electricity, gas, heat and other issues for small and micro enterprises, the opinions clearly change commercial prices to industrial prices, and related costs will be reduced by about 30%.
5. Loans to small and micro enterprises: The China Banking Regulatory Commission issued the "Notice on Improving and Innovating Loan Services for Small and Micro Enterprises to Improve the Level of Financial Services for Small and Micro Enterprises" to further improve financial services for small and micro enterprises and focus on solving the problems of small and micro enterprises. The problem of micro-enterprise back-lending (renewal of loans with the help of external high-cost bridging funds) reduces the financing costs of small and micro enterprises. At the same time, the China Securities Regulatory Commission also put forward ten opinions on the capital market's support for small and micro enterprises. Among them, "vigorously cultivate the private equity market" and "expand the scope of corporate bonds" have attracted market attention.
6. Alleviating the high cost of financing: The General Office of the State Council issued the "Guiding Opinions on Taking Multiple Measures to Effort to Alleviate the High Financing Cost of Enterprises." The guidance specifically includes the following ten aspects: maintaining a reasonable and moderate growth in the total amount of money and credit, restraining the unreasonable increase in financing costs of financial institutions, shortening the corporate financing chain, cleaning up and rectifying unreasonable financial service charges, improving the efficiency of loan approval and issuance, and improving the assessment of commercial banks. Evaluate the indicator system, accelerate the development of small and medium-sized financial institutions, vigorously develop direct financing, actively bring into play the functions and effects of insurance and guarantees, and advance the market-oriented reform of interest rates in an orderly manner. ?
Extended information:
The finance departments (bureaus), state taxation bureaus, local taxation bureaus, and Xinjiang Production and Construction Corps Finance Bureau of all provinces, autonomous regions, municipalities directly under the Central Government, and cities under separate state planning: In order to further To support the development of small and low-profit enterprises, with the approval of the State Council, the income tax policies for small and low-profit enterprises are hereby notified as follows:
1. From January 1, 2015 to December 31, 2017, the annual taxable income For small low-profit enterprises with less than 200,000 yuan (including 200,000 yuan), their income is included in the taxable income at a reduced rate of 50%, and corporate income tax is paid at a tax rate of 20%. The term "small low-profit enterprises" as mentioned in the preceding paragraph refers to small low-profit enterprises that comply with the provisions of the Enterprise Income Tax Law of the People's Republic of China (hereinafter referred to as the Enterprise Income Tax Law) and its implementation regulations.
2. The number of employees mentioned in Items (1) and (2) of Article 92 of the Implementation Regulations of the Enterprise Income Tax Law includes the number of employees who have established labor relations with the enterprise and the labor dispatch accepted by the enterprise Number of workers employed.
The indicators of number of employees and total assets should be determined based on the quarterly average of the enterprise throughout the year.
The specific calculation formula is as follows:
Quarterly average = (beginning of quarter value + end of quarter value) ÷2
Full-year quarterly average = sum of quarterly averages throughout the year ÷4
If business activities are opened or terminated in the middle of the year, the actual operating period shall be used as a tax year to determine the above-mentioned relevant indicators. The above calculation method will be implemented from January 1, 2015, and Article 7 of the "Notice of the Ministry of Finance and the State Administration of Taxation on Several Issues Concerning the Implementation of Preferential Corporate Income Tax Policies" (Caishui [2009] No. 69) will cease to be implemented at the same time.
3. Finance and taxation departments at all levels must cooperate closely, strictly follow the provisions of this notice, and promptly implement the preferential income tax policies for small and low-profit enterprises. At the same time, it is necessary to track and understand the implementation of preferential policies in a timely manner, promptly respond to new problems discovered, and ensure that preferential policies are implemented in place.
Reference: State Administration of Taxation-Notice on Preferential Income Tax Policies for Small and Low-profit Enterprises