Announcement of the State Taxation Administration on Matters related to the Implementation of Preferential Income Tax Policies in Support of the Development of Small and Micro Enterprises and Individual Businesses
Announcement of the State Taxation Administration on Matters related to the Implementation of Preferential Income Tax Policies in Support of the Development of Small and Micro Enterprises and Individual Businesses
Announcement of the State Taxation Administration on Matters related to the Implementation of Preferential Income Tax Policies in Support of the Development of Small and Micro Enterprises and Individual Businesses
Announcement of the State Taxation Administration [2021] No.8
April 7, 2021
To implement the Announcement of the Ministry of Finance and the State Taxation Administration on the Implementation of Preferential Income Tax Policies for Small and Micro Enterprises and Individual Businesses( [2021] No.12), and to further support the development of small low-profit enterprises and individual businesses, the related matters are hereby announced as follows:
I. Matters related to the policy of reducing the enterprise income tax (EIT) for small low-profit enterprises (the “SLPEs”) by up to half
1. For the portion of the annual taxable income of an SLPE not exceeding CNY1 million, the taxable amount of it shall be reduced to 12.5% for EIT at a tax rate of 20%.
2. The specific tax collection and administration issues involved in the entitlement to the above policy by SLPEs shall be governed by the relevant provisions of the Announcement of the State Taxation Administration on Issues concerning the Implementation of the Policy on Inclusive Income Tax Reliefs for Small Low-profit Enterprises" ([2019] No.2).
II.
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Announcement of the State Taxation Administration [2021] No.8
April 7, 2021
To implement the Announcement of the Ministry of Finance and the State Taxation Administration on the Implementation of Preferential Income Tax Policies for Small and Micro Enterprises and Individual Businesses( [2021] No.12), and to further support the development of small low-profit enterprises and individual businesses, the related matters are hereby announced as follows:
I. Matters related to the policy of reducing the enterprise income tax (EIT) for small low-profit enterprises (the “SLPEs”) by up to half
1. For the portion of the annual taxable income of an SLPE not exceeding CNY1 million, the taxable amount of it shall be reduced to 12.5% for EIT at a tax rate of 20%.
2. The specific tax collection and administration issues involved in the entitlement to the above policy by SLPEs shall be governed by the relevant provisions of the Announcement of the State Taxation Administration on Issues concerning the Implementation of the Policy on Inclusive Income Tax Reliefs for Small Low-profit Enterprises" ([2019] No.2).
II.
......