Article 28 of the Enterprise Income Tax Law stipulates: "High-tech enterprises that need special support from the state shall be subject to enterprise income tax at a reduced rate of 15%". Therefore, the corporate income tax rate (15%) applicable to recognized high-tech enterprises is lower than the corporate income tax rate of 25% applicable to general enterprises (10%).
(2) R&D expenses plus deduction
The Notice on Increasing the Pre-tax Deduction Ratio of R&D Expenses (Caishui [20 18] No.99) stipulates that R&D expenses actually incurred by enterprises in R&D activities that do not form intangible assets and are included in the current profits and losses shall be deducted according to regulations from June 2018 to June 2020. If intangible assets are formed, they shall be amortized before tax according to 175% of the cost of intangible assets in the above period.
(C) accelerated depreciation of fixed assets
Notice on the Policy of Deducting Enterprise Income Tax from Equipment and Appliances (Cai Shui [20 18] No.54), which stipulates that the unit value of newly purchased equipment and appliances by enterprises will be from 1 8 in October to 1 in February 2020.
(4) Individual income tax preference
Scientific research institutions, institutions of higher learning transform scientific and technological achievements and high-tech enterprises to give individual equity incentives, allowing individuals to postpone the payment of personal income tax until they receive dividends or transfer their equity. In addition, when small and medium-sized high-tech enterprises in China transfer retained earnings and capital reserves to individual shareholders, if it is really difficult for individual shareholders to pay personal income tax in one lump sum, they can pay it in installments within five years.
(5) VAT concessions
General VAT taxpayers sell software products developed and produced by themselves or sell imported software products abroad after modification (redesign, improvement, conversion, etc.). ), the value-added tax is levied at the rate of 13%, and the part with the value-added tax burden exceeding 3% will be refunded immediately.
High-tech enterprise government joint support funds
(1) national level: technological innovation fund for small and medium-sized science and technology enterprises, torch plan, spark plan, engineering technology research center, foreign R&D center, etc.
(2) Provincial and municipal level: Natural Science Foundation, major scientific and technological support and special guidance funds for independent innovation, special funds for high-tech achievement transformation projects, technical innovation funds for small and medium-sized scientific and technological enterprises, special guidance funds for scientific and technological service platforms (for research centers), special funds for patent funding and patent implementation funds.
(3) Support policies given by local governments: such as risk compensation for achievement transformation, loan discount, etc. At the same time, the local government may also refund some personal income tax to the scientific and technical personnel or managers of high-tech enterprises.