The specific provisions are as follows:
1 October 20 15,1to February 20 17, 12, 3 1, the scope of small and micro enterprises enjoying the preferential policy of halving corporate income tax is 654.38 million yuan (including 654.38 million yuan)
For small and low-profit enterprises whose annual taxable income is less than 654.38+10,000 yuan (including 654.38+10,000 yuan), their income is included in taxable income at a reduced rate of 50%, and enterprise income tax is paid at a reduced rate of 20%.
Approved by the State Council on April 9, 20 14, the Ministry of Finance of People's Republic of China (PRC) and State Taxation Administration of The People's Republic of China today issued the Notice on Relevant Issues Concerning Preferential Income Tax Policies for Small-scale and Low-profit Enterprises, further expanding the scope of implementation of preferential income tax policies for small-scale and low-profit enterprises.
Extended data:
Calculation formula of income tax for small and micro enterprises:
Payable enterprise income tax = current taxable income * applicable tax rate
Taxable income = total income-deductible item amount
The tax rate of enterprise income tax is the legal tax rate for calculating the taxable amount of enterprise income tax. According to the Provisional Regulations of People's Republic of China (PRC) on Enterprise Income Tax, the new
Small and low-profit enterprises that meet the requirements shall be subject to enterprise income tax at a reduced rate of 20%.
Scope of application:
Scope of application of income reduction:
Small and low-profit enterprises with taxable income less than 30 thousand yuan.
According to the enterprise income tax law, the annual tax payable of small and micro enterprises generally does not exceed 300,000 yuan.
State Taxation Administration of The People's Republic of China said that the new preferential income tax policy for small and low-profit enterprises mainly benefits small and low-profit enterprises with annual accumulated profits or taxable income of 200,000 to 300,000 yuan.
According to the announcement, small-scale low-profit enterprises can enjoy preferential income tax policies for small-scale low-profit enterprises, regardless of whether they adopt audit collection methods or approved collection methods (including fixed collection and fixed collection), as long as they meet the conditions stipulated by small-scale low-profit enterprises.
References:
Baidu encyclopedia-small and micro enterprises