The VAT rate of 1. 13% is reduced to 1 1%.
The State Council: First, continue to promote the reform of value-added tax and simplify the structure of value-added tax rate. From July this year 1, the VAT rate will be reduced from the fourth level to the third level 17%, 1 1% and 6%, and the tax rate of 13% will be abolished; Reduce the VAT rate of agricultural products and natural gas from 13% to 1 1%. At the same time, the original deduction of agricultural products purchased by agricultural products deep processing enterprises remains unchanged, so as to avoid increasing the tax burden due to the reduction of input deduction.
Advantage list:
Extension of tax law: (1) After the camp reform, regardless of the tax rate of 0 and the collection rate, there are currently four basic VAT rates, namely 17%, 13%, 1 1% and 6%. Compared with major developed countries, the tax rate is too high, which is not in line with tax fairness and justice. (2) Article 8 of the Legislative Law stipulates that "the establishment of taxes, the determination of tax rates and the management of tax collection and other basic tax systems" can only enact laws, that is, the National People's Congress and the NPC Standing Committee have legislative power. Does the cancellation of VAT rate 13% belong to "determination of tax rate"? Whether the subsequent confirmation at the legislative level is based on legislative procedures is still unknown (but it is estimated that the above-mentioned enterprises do not care about this! )。
Second, the preferential scope of small and meager profit enterprises has been expanded.
The State Council: The second is to expand the scope of small and meager profit enterprises enjoying preferential corporate income tax. 20 17-20 17-20 19-20 12-3 19 will increase the upper limit of the annual taxable income of small-scale low-profit enterprises from 300,000 yuan to 500,000 yuan. For small-scale low-profit enterprises that meet this condition, the taxable income will be calculated by halving their income and enterprise income tax will be paid at a preferential rate.
Advantage list:
Since 20 14, the State Council has continuously increased the support of preferential tax policies for small and micro enterprises. The scope of halving income tax was increased from 60,000 to 6,543,800 yuan, then to 200,000 yuan, and directly to 300,000 yuan in August of 20 15, and the scope was extended to all small and micro enterprises.
Extension of tax law: This time, the preferential income tax standard for small and micro enterprises will be raised by half to 500,000 yuan, which has exceeded the standard of "annual taxable income of 300,000 yuan" stipulated in the enterprise income tax law and the implementation regulations, and relevant legislation needs to be further improved and supplemented.
Third, increase the deduction ratio of R&D expenses.
The State Council: Third, increase the pre-tax deduction ratio of R&D for small and medium-sized science and technology enterprises. From 20 17 to 20 19 to 20 12 to 3 18, the actual R&D ratio of scientific and technological small and medium-sized enterprises in developing new technologies, new products and new processes will be increased from 50% before enterprise income tax to 75%.
Advantage list:
On October 20 16 1 10, the Ministry of Finance, State Taxation Administration of The People's Republic of China and the Ministry of Science and Technology formally promulgated and implemented the Notice on Improving the Pre-tax Deduction Policy for Research and Development Expenses (Caishui [20 1 5]1/kloc.
Extension of tax law: (1)R&D expenses plus deduction is a tax preference established at the level of enterprise income tax law, which clearly stipulates that the plus deduction ratio is 50%. It is reasonable that the NPC has the right to make legislative adjustments, and further legislative procedures need to be implemented. (2) According to the current document of Finance and Taxation [2015]19, there is no standard for the scale of science and technology enterprises that are applicable to additional deduction, and the standard of "small and medium-sized enterprises" in "increasing the R&D expenditure ratio of science and technology small and medium-sized enterprises from 50% to 75%" needs to be clarified later.
IV. Expansion of preferential scope for venture capital enterprises
The State Council: Fourth, pilot projects will be carried out in eight pilot areas of comprehensive innovation and reform, including Beijing-Tianjin-Hebei, Shanghai, Guangdong, Anhui, Sichuan, Wuhan, Xi, Shenyang and Suzhou Industrial Park. Starting from this year 1, venture capital enterprises that invest in science and technology enterprises in seed stage and start-up stage can enjoy the preferential policy of deducting taxable income from 70% of the investment amount; From July this year 1, investors who enjoy this preferential policy will be expanded from corporate partners and partnership venture capital enterprises to individual investors. Investments made within 2 years before the policy takes effect can also enjoy the aforementioned preferential treatment.
Advantage list:
Extension of tax law: (1) The preferential policies of venture capital enterprises are also established at the level of enterprise income tax law, and the relevant provisions of the enterprise income tax law need to be further revised to effectively implement the statutory principle of taxation. (2) For individual investors to deduct taxable income, the current tax field is still classified tax system, and how to determine the specific deduction items. In addition, it is better to withhold wages and salaries for personal income tax at present, but it is not ideal to withhold capital income and self-declare.
Five, personal business health insurance can be deducted.
The State Council: Fifth, starting from July this year 1, the pilot policy of pre-tax deduction of personal income tax for commercial health insurance will be extended to the whole country, allowing individuals to deduct the expenses of purchasing qualified commercial health insurance products before tax according to the maximum annual limit of 2,400 yuan.
Advantage list:
(a) individuals who have obtained wages, salaries or continuous labor remuneration and purchase health insurance products that meet the requirements by themselves shall provide the withholding unit with the policy certificate in time. The withholding unit shall make monthly deduction within the standard of no more than 200 yuan/month from the month after the individual submits the policy certificate. The part of the premium exceeding 2400 yuan within one year shall not be deducted before tax. The above provisions shall apply in the following year or in the subsequent period. Extension of tax law: According to the provisions of the document Caishui [2015]126, the expenses of individuals purchasing health insurance products in the pilot areas are deducted before individual income tax according to the limit standard of 2,400 yuan/year. The specific provisions are as follows:
(II) If the unit uniformly organizes the purchase of health insurance products that meet the requirements for employees or the unit and individual share the burden, the real name of the part of the unit burden shall be included in the detailed list of personal wages and salaries, which shall be regarded as personal purchase, and shall be deducted monthly within the standard of not exceeding 200 yuan/month from the month following the purchase of the products. The part of the premium exceeding 2400 yuan within one year shall not be deducted before tax. The above provisions shall apply in the following year or in the subsequent period.
(3) Individual industrial and commercial households, enterprises and institutions, contracted leasing operators, sole proprietorships and partnership investors who purchase qualified health insurance products by themselves will be deducted according to the facts within the standard of no more than 2,400 yuan/year. The part of the premium exceeding 2400 yuan within one year shall not be deducted before tax. The above provisions shall apply in the following year or in the subsequent period.
The preferential tax policy for the partial expiration of intransitive verbs will be extended to the end of 20 19.
The State Council: Sixth, extend some preferential tax policies due at the end of 20 16 to the end of 20 19, including: collecting urban land use tax by half on the land owned by logistics enterprises for bulk commodity storage facilities; Exempt the interest income from small loans of farmers in financial institutions from VAT, and extend the scope of this preferential policy to all legal and compliant small loan companies; For college graduates, people with employment difficulties, retired military personnel and other key groups. , value-added tax, urban maintenance and construction tax, education surcharge and personal (enterprise) income tax are deducted according to regulations.
Advantage list:
Extension of tax law: some preferential periods in China are short, and then extended by "extension", which is not conducive to taxpayers' expectations of relevant policies. At the same time, in some areas, when implementing preferential tax policies, the conditions are too complicated, which is called filing for approval, which is not conducive to the guidance and adjustment of preferential tax policies.
The the State Council meeting also pointed out that after all the above six measures are put in place, the pilot reform of the camp will be fully implemented in the first four months of this year and the income will be reduced. It is estimated that the tax burden of various market entities will be reduced by more than 380 billion yuan in the whole year. The meeting requested that relevant parties should put the above tax reduction and fee reduction measures in place as soon as possible, and those who need to file with the National People's Congress Standing Committee (NPCSC) should pay close attention to filing and demonstrate the introduction of further fee reduction measures. Chinese tax suggests that enterprises and individuals involved in six preferential policies should actively strive for preferential policies and save taxes legally and reasonably.