What is New Fiscal Tax? 10. What is the new fiscal tax?

During the period from January 1, 2017 to December 31, 2019, the pre-tax deduction ratio for R&D expenses of small and medium-sized technology-based enterprises is 75%.

Cai Shui 2017 No. 34: If the R&D expenses actually incurred by small and medium-sized technology-based enterprises in R&D activities are not included in the current profit or loss as intangible assets, on the basis of deduction according to the regulations, 75% of the actual amount will be deducted before tax during the period from January 1, 2017 to December 31, 2019; If an intangible asset is formed, it shall be amortized before tax at 175% of the cost of the intangible asset during the above-mentioned period.

Among them, the conditions and management measures for small and medium-sized science and technology enterprises shall be separately issued by the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation.

2. From July 1, 2017, the VAT rate of 13% will be reduced to 11%.

Cai Shui 2017 No. 37: Taxpayers who sell or import the following goods are subject to a tax rate of 11%: agricultural products (including grain), tap water, heating, liquefied petroleum gas, natural gas, edible vegetable oil, air conditioning, hot water, coal gas, coal products for residential use, edible salt, agricultural machinery, feed, pesticides, agricultural films, chemical fertilizers, biogas, dimethyl ether, books, newspapers, magazines, audio and video products, and electronic publications.

3. Starting from July 1, 2017, taxpayers who purchase agricultural products shall be deducted from the input tax according to the following provisions:

Cai Shui 2017 No. 37: (1) Except for the provisions of Item (2) of this Article, if a taxpayer purchases agricultural products and obtains a special VAT invoice issued by a general taxpayer or a special payment certificate for customs import VAT, the VAT amount indicated on the special VAT invoice or the special payment certificate for customs import VAT shall be the input VAT; If a special VAT invoice is obtained from a small-scale taxpayer who calculates and pays VAT at the rate of 3% according to the simplified tax calculation method, the input VAT shall be calculated based on the amount indicated on the special VAT invoice and the deduction rate of 11%; If the sales invoice or purchase invoice of agricultural products is obtained (issued), the input tax shall be calculated based on the purchase price of agricultural products indicated on the sales invoice or purchase invoice of agricultural products and the deduction rate of 11%.

2) During the pilot period of replacing business tax with value-added tax, the original deduction level of agricultural products purchased by taxpayers for production and sale or entrusted processing of goods subject to the 17% tax rate shall remain unchanged.

3) Continue to promote the pilot project of verification and deduction of input VAT on agricultural products, and if taxpayers have implemented the verification and deduction of input VAT on agricultural products, they shall still follow the notice of the Ministry of Finance and the State Administration of Taxation on the trial implementation of the verification and deduction method for input VAT on agricultural products in some industries (CS 2012 No. 38) and the notice of the Ministry of Finance and the State Administration of Taxation on expanding the scope of pilot industries for the verification and deduction of input VAT on agricultural products

There are a few new laws and regulations added to it.

The latest means that something has been added and improved, similar to a mobile phone update.

Finance and taxation is the abbreviation of finance and taxation.

Finance refers to financial activities and financial relationships in general. The former refers to the activities of enterprises involving capital in the production process, indicating the formal characteristics of finance; The latter refers to the economic relationship between enterprises and various aspects of financial activities, revealing the essence of financial content.

Taxation is the abbreviation for the work of tax affairs. Taxation is divided into broad and narrow senses, and taxation in a broad sense refers to taxation based on national political power, and participates in the whole process of income distribution of the people, including the research, formulation, publicity, implementation, and implementation of tax policies and the establishment, adjustment, revision, reform, improvement, publicity, interpretation, consultation, and implementation of tax laws and regulations; Taxation in the narrow sense generally refers to the collection and management of taxes.

It is a very important part of enterprise operation and management to control the business activities of enterprises through financial and taxation management. With the increasing standardization and perfection of the market economy, the role of fiscal and taxation management in enterprise competition has become more and more significant.

The financial and tax management of the enterprise is focused on the methods and measures of tax management, and further improves the tax awareness of the enterprise by strengthening the knowledge of tax bending, and on the premise of mastering the theoretical knowledge of tax law, through reasonable and legal tax avoidance means such as tax incentives and tax planning, it can reduce the operating cost of the enterprise, improve the financial management level of the enterprise, and ultimately enhance the market competitiveness of the enterprise.