State Taxation Administration of The People's Republic of China Bulletin No.2012 14
In order to implement the relevant provisions of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Relevant Issues Concerning Preferential Policies for Small and Low-profit Enterprises (Cai Shui [201]117), the relevant issues concerning prepayment of enterprise income tax for small and low-profit enterprises are hereby announced as follows:
1. When the annual taxable income in the previous tax year was less than 60,000 yuan (including 60,000 yuan), and the assets and number of employees specified in Article 92 of the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China were met, the small and low-profit enterprises (hereinafter referred to as qualified small and low-profit enterprises) that paid enterprise income tax in advance, The "Announcement of State Taxation Administration of The People's Republic of China on Issuing Monthly (Quarterly) Prepaid Tax Returns of the People's Republic of China and China's Enterprise Income Tax" (State Taxation Administration of The People's Republic of China Announcement [2011] No.64) Line 9 of the Monthly (Quarterly) Prepaid Tax Returns of the People's Republic of China and China's Enterprise Income Tax (Class A) "Actual profit ?
Second, the calculation standard of "number of employees" and "total assets" of qualified small-scale low-profit enterprises shall be implemented in accordance with Article 2 of the Notice of State Taxation Administration of The People's Republic of China on the Prepayment of Income Tax for Small-scale Low-profit Enterprises (Guoshuihan [2008] No.251). ?
Iii. When declaring enterprise income tax in advance, eligible small-scale low-profit enterprises shall provide the competent tax authorities with relevant certification materials that meet the requirements of small-scale low-profit enterprises in the previous tax year. After verifying the relevant certification materials provided by the enterprise, the competent tax authorities determine that the enterprise did not meet the prescribed conditions in the previous tax year, and shall not fill in the tax return according to the provisions of Article 1 of this announcement. ?
Four, after the end of the tax year, the competent tax authorities should verify whether the enterprise tax year meets the requirements of the above-mentioned small-scale low-profit enterprises. Those who do not meet the prescribed conditions and have calculated the reduction or exemption of enterprise income tax in advance according to the provisions of Article 1 of this announcement shall pay back the enterprise income tax in accordance with the provisions when the annual settlement is made. ?
This announcement shall come into force as of 20 12 1 month 1 day. ?
It is hereby announced.
State Administration of Taxation (SAT)
April 13th, 2012