Jiangsu: Expected to reduce the burden on small and micro enterprises by more than 18 billion yuan

On January 31st, the Jiangsu Provincial Party Committee and the provincial government recently implemented the policy of inclusive tax reduction for small and micro enterprises, and determined that the maximum tax rate of 50% of small-scale taxpayers would be reduced by the “six tax and two additional”. It is estimated that the implementation of the four tax reduction policies is expected to reduce the burden on small and micro enterprises in the province by more than 18 billion yuan, and more than 90% of small and micro enterprises will enjoy the tax reduction and fee reduction bonus, of which 99% are private enterprises.