Views:3 Author:Site Editor Publish Time: 2019-01-11 Origin:Site
On January 9, Premier Li Keqiang chaired the State Council executive meeting and decided to introduce a number of inclusive tax cuts for small and micro enterprises. The new batch of tax reduction measures for small and micro enterprises includes both corporate income tax incentives and the increase of the VAT threshold. It is estimated that the annual reduction of small and micro enterprises will be about 200 billion yuan.
The first is to substantially relax the small and meager profit enterprise standards that can enjoy the enterprise income tax concessions, and at the same time increase the income tax concessions, and reduce the annual taxable income of small and micro-profit enterprises not exceeding 1 million yuan, 1 million yuan to 3 million yuan. 25% and 50% are included in the taxable income, which reduces the tax burden to 5% and 10%. The adjusted preferential policy will cover more than 95% of taxpaying enterprises, 98% of which are private enterprises.
Secondly, for small-scale taxpayers, mainly including small and micro enterprises, individual industrial and commercial households and other individuals, the VAT threshold will be raised from monthly sales of 30,000 yuan to 100,000 yuan.
In addition, the provinces (autonomous regions and municipalities) are allowed to reduce the local taxes and education surcharges such as resource taxes, urban maintenance and construction taxes, stamp duty, urban land use tax, and cultivated land occupation tax on 50% of VAT small-scale taxpayers. ,Local education surcharges. Expanding investment in start-up technology-based enterprises enjoys the scope of preferential policies, so that venture capital companies and angel investment individuals who invest in such enterprises have more tax incentives.