Small and micro enterprises only reduce income tax by 15%, and fail to reach the threshold to reduce value-added tax.
Article 1 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Corporate Income Tax Policies for Fiscal Funds, Administrative Fees and Government Funds (Caishui [2008]151No.) stipulates:
(1) All kinds of financial funds obtained by an enterprise shall be included in the total income of the enterprise in the current year, except those that are invested by the state and need to be repaid after the funds are used.
The financial funds mentioned in this article refer to financial subsidies, subsidies, loan interest subsidies and other special financial funds obtained by enterprises from the government and its relevant departments, including directly reduced or exempted value-added tax and various taxes that can be refunded immediately after collection, but excluding export tax rebates obtained by enterprises according to regulations.
Item (10) of Article 2 of the Notice of the Ministry of Finance on Printing and Distributing (Cai Shui [2016] No.22) stipulates that small and micro enterprises shall calculate the value-added tax payable in accordance with the provisions of the tax law and confirm it as taxable. When the conditions of exemption from value-added tax stipulated in the value-added tax system are met, the relevant payable value-added tax is transferred to the current profit and loss.
Therefore, in practice, the value-added tax that does not reach the exemption amount is usually included in the non-operating income, and the enterprise income tax is paid in the total income of the enterprise.
What conditions can an enterprise meet to apply for income tax relief policy for small and micro enterprises?
The following types of enterprises need to enjoy the preferential income tax policies for small and micro enterprises: small and low-profit enterprises collect enterprise income tax. Small-scale low-profit enterprises refer to enterprises engaged in industries that are not restricted or prohibited by the state and meet the following conditions: the annual taxable income is less than 3 million yuan, the number of employees is less than 300, and the total assets of enterprises are less than 50 million yuan. Value added tax for small and micro enterprises. Small and micro enterprises refer to small-scale VAT taxpayers whose monthly sales do not exceed 30,000 yuan, including individual industrial and commercial households, other individuals, enterprises and business units. In addition, the standard of two funds and one fee for small and micro enterprises is similar to that of value-added tax. Other small and micro enterprises, small and micro enterprises, refer to small and micro enterprises formulated according to the employees, operating income, total assets and other indicators, combined with industry characteristics.
Preferential policies for enterprise income tax (I) Surcharge for education, Surcharge for local education, and fund for water conservancy construction Article 1 of the Notice of People's Republic of China (PRC) Ministry of Finance State Taxation Administration of The People's Republic of China on Exempting Small and Micro Enterprises from Relevant Government Funds (Caishui [20 14] 122) stipulates that the monthly sales or turnover shall not exceed 30,000 yuan from June 20 1 year. Article 1 of the Notice of the Ministry of Finance of People's Republic of China (PRC), State Taxation Administration of The People's Republic of China, on Expanding the Exemption Scope of Relevant Government Funds (Caishui [20 16] 12) stipulates that since February 20 16, additional education fees and construction fees for cultural undertakings will be exempted. From the current taxpayers whose monthly sales or turnover does not exceed 30,000 yuan (quarterly sales or turnover does not exceed 90,000 yuan), it will be expanded to taxpayers whose monthly sales or turnover does not exceed 654.38+10,000 yuan (quarterly sales or turnover does not exceed 300,000 yuan). (II) Employment Security Fund for Disabled Persons "Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Exempting Small and Micro Enterprises from Relevant Government Funds" (Caishui [20 14] 122) stipulates that in order to further increase the employment of small and micro enterprises with less than 20 employees (including 20 employees) who have been approved by the State Council within three years from the date of industrial and commercial registration, Exemption from Employment Security Fund "Notice of Jilin Provincial Department of Finance, Jilin Provincial Local Taxation Bureau, Jilin Disabled Persons' Federation and China People's Bank Changchun Central Sub-branch on Printing and Distributing" (Ji Cai Shui [2065438+06] No.726) stipulates that within three years from the date of industrial and commercial registration, small and micro enterprises that arrange employment for disabled people and employ less than 20 people (including 20 people) are exempted from payment of security fund. According to Item (1) of Article 2 of the Notice of the Ministry of Finance on Cancellation and Adjustment of Relevant Policies of Some Government Funds (Caishui [20 17] 18), since 2007, the exemption scope of employment security fund for the disabled has been adjusted from small and micro enterprises with 20 or less employees within three years from the date of industrial and commercial registration to less than 30 employees (. (3) cultural construction fee 1. Article 7 of the Notice of State Taxation Administration of The People's Republic of China of the Ministry of Finance on the Policy and Collection Management of Cultural Undertakings Construction Fees in the Pilot Project of Changing Business Tax to VAT (Caishui [2016] No.25) stipulates that taxable services provided by enterprises and non-enterprise units with monthly sales of small-scale VAT taxpayers below 20,000 yuan (paying 60,000 yuan quarterly) shall be exempted from cultural undertakings construction fees. 2. Article 3 of the Supplementary Notice of the Ministry of Finance State Taxation Administration of The People's Republic of China on the Policy and Collection Management of Cultural Undertakings Construction Fees in the Pilot Project of Changing Business Tax to VAT (Cai Shui [2065438+06] No.60) stipulates that those who fail to reach the VAT threshold shall be exempted from cultural undertakings fees.
Is the income tax relief for small and micro enterprises not up to the threshold? In general, in fact,