What are the preferential tax policies for small and micro enterprises?

Preferential tax policies for small and micro enterprises 1. Exemption from value-added tax. For small and micro enterprises, the threshold for levying value-added tax has been increased from the original monthly sales of 100,000 yuan to 150,000 yuan. That is, if the monthly sales are less than 150,000 yuan, they are exempt from value-added tax.

Preferential tax policies for small and micro enterprises 2. Halve corporate income tax. For small and micro enterprises whose taxable income does not exceed 1 million yuan, the corporate income tax will be levied at a half rate based on the 5 tax rate.

Preferential tax policies for small and micro enterprises 3. Deferred principal and interest payments. The state has extended the repayment of principal and interest on loans to small and micro enterprises, increased efforts to support inclusive finance by rediscounting and refinancing, extended the policy of awarding and subsidy for financing guarantee fees, and improved the loan risk sharing compensation mechanism.

Preferential tax policies for small and micro enterprises 4. Reduce payment fees. Major commercial banks' loans to small and micro enterprises have increased by more than 30%, and at the same time, payment fees have been appropriately reduced.

Preferential tax policies for small and micro enterprises 5. Depreciation of fixed assets. For new appliances and equipment purchased by small and micro enterprises, the depreciation of equipment and equipment with a unit value not exceeding 5 million yuan can no longer be calculated on an annual basis, but can be included in the cost of the current period in one go. Deductions are made at the time.

Preferential tax policies for small and micro enterprises 6. Deduct research and development expenses before tax. For the R&D expenses incurred by some manufacturing enterprises to carry out R&D activities, if intangible assets are formed, tax amortization will be carried out based on 200 of the cost of the intangible assets. If no intangible assets are formed, a pre-tax additional deduction of 100% of the actual amount will be made.