With the increase of economic growth rate in China, the state pays more attention to the development of small and micro enterprises and individual industrial and commercial households, and gives tax incentives. What are the specific preferential policies?

Tax relief policy for small and micro enterprises

1. According to the relevant provisions of the Notice of the Ministry of Finance of State Taxation Administration of The People's Republic of China on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises (Caishui [] 13):

For the part of the annual taxable income of small and low-profit enterprises that does not exceed 6.5438+0 million yuan, it will be included in the taxable income at a reduced rate of 25%, and the enterprise income tax will be paid at a reduced rate of 20%; If the annual taxable income exceeds 6,543,800 yuan but does not exceed 3 million yuan, it will be included in the taxable income at a reduced rate of 50%, and enterprise income tax will be paid at a reduced rate of 20%. According to AnnouncementNo. 12 of the Ministry of Finance and State Taxation Administration of The People's Republic of China (Announcement of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Implementing Preferential Income Tax Policies for Small and Micro Enterprises and Individual Industrial and Commercial Households), on the basis of the preferential policies stipulated in this article, the enterprise income tax will be levied by half.

2. According to the Announcement of State Taxation Administration of The People's Republic of China of the Ministry of Finance on Defining the VAT Exemption Policy for Small-scale Taxpayers (AnnouncementNo. 1 KLOC-0/of State Taxation Administration of The People's Republic of China of the Ministry of Finance), from April, 20265438 to February, 3, 2022.

Types of tax reduction for small and micro enterprises

State Taxation Administration of The People's Republic of China sorted out the national tax reduction policies for small and micro enterprises and individual industrial and commercial households from three aspects: reducing the burden, promoting financing and helping entrepreneurship.

1. Tax burden reduction: for example, helping small-scale enterprises with low profit to reduce the income tax payable, reducing the small-scale taxpayers of value-added tax, and temporarily exempting the employment security fund for the disabled.

2. Promote the development of inclusive finance: such as value-added tax of financial institutions, small loan companies, small and micro enterprises involved in agriculture, stamp duty reduction and so on.

3. Tax incentives for key groups to start businesses: For example, retired soldiers, dependents, demobilized military cadres, disabled people and other groups can enjoy benefits such as exemption from value-added tax and immediate refund.