The following is the full text of the regulations:
Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on preferential income tax policies for small and meager profit enterprises
Caishui [2015] No.34
(AnnouncementNo. of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC)) 17, 20 15, Announcement of State Taxation Administration of The People's Republic of China City, People's Republic of China (PRC) on Issues Related to the Implementation and Expansion of the Scope of the Half-reduced Enterprise Income Tax)
Relevant policies-Announcement No.34 of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) 20 15 Announcement of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on the pre-tax deduction of wages and salaries of enterprises and employee welfare funds.
All provinces, autonomous regions, municipalities directly under the central government, the finance departments (bureaus), the State Taxation Bureau, the local taxation bureau, and the Finance Bureau of Xinjiang Production and Construction Corps:
In order to further support the development of small and low-profit enterprises, with the approval of the State Council, the income tax policies for small and low-profit enterprises are hereby notified as follows:
1. From October 201510 to February 20171February 31February, for small businesses with annual taxable income less than 200,000 yuan (including 200,000 yuan).
The term "small and low-profit enterprises" as mentioned in the preceding paragraph refers to small and low-profit enterprises that comply with the Enterprise Income Tax Law of People's Republic of China (PRC) (hereinafter referred to as the Enterprise Income Tax Law) and its implementing regulations.
2. The number of employees mentioned in Item (1) and Item (2) of Article 92 of the Regulations for the Implementation of the Enterprise Income Tax Law includes the number of employees who have established labor relations with enterprises and the number of employees dispatched by enterprises.
The number of employees and total assets should be determined according to the quarterly average of the enterprise. The specific calculation formula is as follows:
Quarterly average = (value at the beginning of the season+value at the end of the season) ÷2
Annual quarterly average = sum of annual quarterly average ÷4
If business activities are started or terminated in the middle of the year, the above-mentioned relevant indicators shall be determined with its actual business period as a tax year.
The above calculation method has been implemented since 20 15 1, and Article 7 of the Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Several Issues Concerning the Implementation of Preferential Policies for Enterprise Income Tax (Caishui [2009] No.69) has been suspended at the same time.
Three, the financial and tax departments at all levels should cooperate closely, in strict accordance with the provisions of this notice, pay close attention to the implementation of small and meager profit enterprise income tax preferential policies. At the same time, it is necessary to track and understand the implementation of preferential policies in a timely manner, reflect the new problems found in time, and ensure that preferential policies are put in place.
the Ministry of Finance
State Administration of Taxation (SAT)
20 15 March 13