What are the preferential income tax policies for small and micro enterprises?

Legal analysis: The income tax will be reduced by half on the basis of the current preferential policies for the part of the annual taxable income of small and low-profit enterprises and individual industrial and commercial households not exceeding 1 million yuan. Small and low-profit enterprises and individual industrial and commercial households can enjoy the halving policy regardless of the collection method.

Small and low-profit enterprises refer to enterprises engaged in industries that are not restricted or prohibited by the state, and at the same time meet the three conditions of annual taxable income not exceeding 3 million yuan, the number of employees not exceeding 300 people, and the total assets not exceeding 50 million yuan.

The number of employees includes the number of employees who have established labor relations with the enterprise and the number of labor dispatch workers accepted by the enterprise. The so-called indicators of the number of employees and total assets shall be determined according to the quarterly average of the enterprise throughout the year. The specific calculation formula is as follows:

Quarterly average (beginning of the quarter, end of the quarter) 2

Quarterly averages for the whole year Sum of the quarterly averages for the whole year4

According to the above provisions, although the total assets of small and micro enterprises exceed 50 million yuan at the end of the year, if the annual quarterly average of assets does not exceed 50 million yuan, they meet the standards of small and low-profit enterprises and can enjoy preferential policies related to enterprise income tax.

Legal basis: Notice on the Implementation of Inclusive Tax Reduction and Exemption Policies for Small and Micro Enterprises

Article 1 Small-scale VAT taxpayers with monthly sales of less than 100,000 yuan (inclusive) shall be exempted from VAT.

Article 2 The part of the annual taxable income of small and low-profit enterprises not exceeding 1 million yuan shall be included in the taxable income at a reduced rate of 25%, and the enterprise income tax shall be paid at the rate of 20%; For the part of the annual taxable income exceeding 1 million yuan but not exceeding 3 million yuan, it shall be included in the taxable income at a reduced rate of 50%, and the enterprise income tax shall be paid at the rate of 20%.

The above-mentioned small and low-profit enterprises refer to enterprises engaged in industries that are not restricted or prohibited by the state, and at the same time meet the three conditions of annual taxable income not exceeding 3 million yuan, the number of employees not exceeding 300 people, and the total assets not exceeding 50 million yuan.

The number of employees includes the number of employees who have established labor relations with the enterprise and the number of labor dispatch workers accepted by the enterprise. The so-called indicators of the number of employees and total assets shall be determined according to the quarterly average of the enterprise throughout the year. The specific calculation formula is as follows:

Quarterly average (beginning of the quarter, end of the quarter) 2

Quarterly averages for the whole year Sum of the quarterly averages for the whole year4

If the business is opened or terminated in the middle of the year, the actual business period shall be used as a tax year to determine the above-mentioned relevant indicators.

At present, there is a preferential tax policy "Notice on Further Supporting and Promoting Tax Policies for Entrepreneurship and Employment of Key Groups" Cai Shui 2019 No. 22, and the supplementary document is postponed to the end of 2025 and can be traced back. To put it bluntly, if there are poor people employed in the company, they can enjoy a tax deduction of 650 yuan per person month on the basis of social security (which is a major benefit to labor-intensive enterprises, and there are more poor people).

Legal analysis: The preferential policies for enterprise income tax for small and micro enterprises are mainly as follows:

For the part of the annual taxable income less than 1 million yuan, the income tax shall be reduced by half; Small-scale VAT taxpayers with monthly sales of less than 150,000 yuan are exempt from VAT. According to the relevant provisions of the Notice of the State Administration of Taxation of the Ministry of Finance on the Implementation of the Inclusive Tax Reduction and Exemption Policy for Small and Micro Enterprises, VAT is exempted for monthly sales of less than 150,000 yuan.

According to Article 1 of the Notice of the Ministry of Finance and the State Administration of Taxation on Expanding the Scope of Preferential Income Tax Policies for Small and Low-Profit Enterprises (CS 2017 No. 43), from January 1, 2017 to December 31, 2019, the upper limit of the annual taxable income of small and low-profit enterprises will be increased from 300,000 yuan to 500,000 yuan, and for small and low-profit enterprises with an annual taxable income of less than 500,000 yuan (including 500,000 yuan), their income will be included in the taxable income at a reduced rate of 50%, and 20% The tax rate is subject to corporate income tax. Small and low-profit enterprises refer to enterprises engaged in industries that are not restricted or prohibited by the state and meet the following conditions:

1) For industrial enterprises, the annual taxable income shall not exceed 500,000 yuan, the number of employees shall not exceed 100, and the total assets shall not exceed 30 million yuan; (2) For other enterprises, the annual taxable income shall not exceed 500,000 yuan, the number of employees shall not exceed 80, and the total assets shall not exceed 10 million yuan.

Legal basis: Enterprise Income Tax Law of the People's Republic of China

Article 8 Reasonable expenses actually incurred by an enterprise in connection with the acquisition of income, including costs, expenses, taxes, losses and other expenses, shall be allowed to be deducted in the calculation of taxable income.

Article 9 The part of the public welfare donation expenditure incurred by the enterprise within 12 of the total annual profit shall be allowed to be deducted in the calculation of taxable income; The part exceeding the total annual profit12 is allowed to be carried forward and deducted in the calculation of taxable income within the next three years.

At present, there is a preferential tax policy "Notice on Further Supporting and Promoting Tax Policies for Entrepreneurship and Employment of Key Groups" Cai Shui 2019 No. 22, and the supplementary document is postponed to the end of 2025 and can be traced back. To put it bluntly, if there are poor people employed in the company, they can enjoy a tax deduction of 650 yuan per person month on the basis of social security (which is a major benefit to labor-intensive enterprises, and there are more poor people).

The preferential policies for enterprise income tax for small and micro enterprises are mainly as follows: 1For the part of the annual taxable income less than 1 million yuan, the income tax shall be reduced by half; 2.

Small-scale VAT taxpayers with monthly sales of less than 150,000 yuan are exempt from VAT. Article 107 of the Measures for the Implementation of Special Tax Adjustments (for Trial Implementation) Where the tax authorities make special tax adjustments to an enterprise in accordance with the provisions of the Income Tax Law and its implementing regulations, the enterprise income tax shall be levied on transactions made after January 1, 2008, and interest shall be charged on a daily basis. (1) The interest-bearing period shall be from June 1 of the following year of the tax year to which the tax belongs to the date of the supplementary payment (prepayment) of the tax into the treasury.

2) The interest rate shall be calculated according to the People's Bank of China's RMB loan benchmark interest rate (hereinafter referred to as the "benchmark interest rate") plus 5 percentage points for the same period as December 31 of the tax year to which the tax belongs and the daily interest rate converted for 365 days a year. (3) If an enterprise provides contemporaneous materials and other relevant materials in accordance with the provisions of these Measures, or if an enterprise is exempted from preparing contemporaneous materials in accordance with the provisions of Article 15 of these Measures but provides other relevant materials as required by the tax authorities, it may only calculate and charge additional interest at the benchmark interest rate. If an enterprise is exempted from preparing contemporaneous materials in accordance with the provisions of Paragraph (1) of Article 15 of these Measures, but after investigation by the tax authorities, the actual amount of related party transactions reaches the standard that it is necessary to prepare contemporaneous materials, the tax authorities shall charge additional interest on the additional tax, and the provisions of subparagraph (2) of this Article shall apply.

4) The additional interest charged in accordance with the provisions of this Article shall not be deducted in the calculation of taxable income.