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Good for you!Dalian agent bookkeeping tells you that small and micro businesses and individual business tax benefits have come!

2021-10-11

In recent years, the state attaches great importance to the development of small and micro enterprises and individual businesses, and has issued a series of tax and fee support policies to continuously increase tax reduction and fee reduction, so as to help small and micro enterprises and individual businesses to reduce operating costs and ease financing difficulties.

The State Administration of Taxation has formulated the guidelines on preferential tax policies for small and micro enterprises and individual businesses (hereinafter referred to as the guidelines).From three aspects of burden reduction, financing promotion and entrepreneurship assistance, 27 preferential tax policies for small and micro enterprises and individual businesses have been formed.What are the specific contents? Let's have a look——


Tax burden reduction and exemption


Small scale VAT taxpayer

1. Qualified small-scale VAT taxpayers are exempt from VAT.

From April 1, 2021, VAT will be exempted for small-scale VAT taxpayers whose sales volume does not exceed the limit: small-scale taxpayers whose monthly sales volume does not exceed 150000 yuan or quarterly sales volume does not exceed 450000 yuan can be exempted from VAT.


However, it should be noted that the monthly payment and quarterly payment are different.  


[policy basis]

1. Announcement of the Ministry of Finance and the State Administration of Taxation on clarifying the VAT exemption policy for small scale VAT taxpayers (No. 11, 2021)
2. Announcement of the State Administration of Taxation on the exemption of small scale taxpayers from VAT (No.5 of 2021)


2. The value-added tax of small-scale taxpayers will be reduced or reduced in stages.

From March 1, 2020 to December 31, 2021, small-scale VAT taxpayers of other provinces, autonomous regions and municipalities directly under the central government, except Hubei Province, shall apply the sales revenue of 3% levy rate tax, and reduce the value-added tax at 1% levy rate. The sales volume shall be calculated according to the following formula: sales volume = sales volume including tax / (1 + 1%);For VAT items with 3% prepayment rate, VAT shall be paid in advance at the rate of 1.


From March 1, 2020 to March 31, 2021, for small-scale VAT taxpayers in Hubei Province, the taxable sales income with a 3% levy rate will be exempted from VAT;The prepayment of VAT items with 3% prepayment rate shall be suspended.


From April 1, 2021 to December 31, 2021, the small-scale VAT taxpayers in Hubei Province shall apply the taxable sales income with the levy rate of 3%, and levy the value-added tax at the rate of 1%;For VAT items with 3% prepayment rate, VAT shall be paid in advance at the rate of 1%.


[policy basis]

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the value added tax policy to support the resumption of work and business of individual businesses (No. 3, 2020)

2. Announcement of the State Administration of Taxation on supporting individual businesses to resume work and other tax collection and management matters (No. 5, 2020)

3. Announcement of the Ministry of Finance and the State Administration of Taxation on extending the implementation period of VAT reduction and exemption policy for small scale taxpayers (No. 24, 2020)

4. Announcement of the Ministry of Finance and the State Administration of Taxation on the continuation of preferential policies for taxes and fees in response to the epidemic situation (No. 7 of 2021)

3. Small scale VAT taxpayers reduce local "six taxes and two fees".

According to the actual situation of the region and the needs of macro-control, small-scale VAT taxpayers can reduce resource tax, urban maintenance and construction tax, real estate tax, urban land use tax, stamp tax (excluding securities transaction stamp tax), cultivated land occupation tax, education surcharge and local education surcharge within the tax range of 50%.


Policy basis

1. Article 3 and Article 4 of the notice of the State Administration of Taxation of the Ministry of Finance on the implementation of the preferential tax reduction and exemption policy for small and micro enterprises (CS [2019] No. 13)
2. Announcement of the State Administration of Taxation on the collection and management of local taxes and related additional tax reduction policies for small scale VAT taxpayers (No. 5 of 2019)


4. Qualified small-scale VAT taxpayers shall be exempted from the construction fee for cultural undertakings.

For small-scale VAT taxpayers, the taxable services provided by enterprises and non enterprise units whose monthly sales volume does not exceed 20000 yuan (60000 yuan paid on a quarterly basis) shall be exempted from the construction fee for cultural undertakings.


[policy basis]

Notice of the Ministry of Finance and the State Administration of Taxation on the policy and collection management of cultural construction fees in the pilot project of replacing business tax with value added tax (CS [2016] No. 25)


Reduction and exemption of enterprise income tax for small low profit enterprises

[preferential content]

From January 1, 2021 to December 31, 2022, 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 the reduced rate of 12.5%, and the enterprise income tax shall be paid at the rate of 20%.From January 1, 2019 to December 31, 2021, the part of annual taxable income exceeding 1 million yuan but not exceeding 3 million yuan shall be included in the taxable income by 50%, and the enterprise income tax shall be paid at the rate of 20%.


[enjoyment conditions]

Small low profit enterprises refer to the enterprises that are engaged in industries not restricted or prohibited by the state, and meet the conditions of annual taxable income not exceeding 3 million yuan, employees no more than 300 people and total assets no more than 50 million yuan.It should be noted that these three conditions need to be met at the same time, and only one or two conditions can not enjoy the preferential treatment.Even if the profit scale reaches the standard, and the total assets is 40 million yuan, but the number of people is 301, then they can not enjoy the preferential treatment.


[policy basis]

1. Article 2 of the notice of the State Administration of Taxation of the Ministry of Finance on the implementation of the preferential tax reduction and exemption policy for small and micro enterprises (CS [2019] No. 13)

2. Announcement of the State Administration of Taxation on issues related to the implementation of the preferential income tax reduction and exemption policy for small low profit enterprises (No.2 of 2019)

3. Announcement of the Ministry of Finance and the State Administration of Taxation on the implementation of preferential income tax policies for small and micro enterprises and individual businesses (No. 2, 2021)

4. Announcement of the State Administration of Taxation on issues related to the implementation of preferential income tax policies for supporting small low profit enterprises and individual businesses (No. 8 of 2021)

The taxable income of individual businesses shall not exceed 1 million yuan

Part of individual income tax will be reduced by half

[preferential content]

From January 1, 2021 to December 31, 2022, individual income tax will be reduced by half on the basis of the current preferential policies for the portion of the annual taxable income of individual industrial and commercial households that does not exceed 1 million yuan.


[enjoyment conditions]

1. It can be enjoyed regardless of the mode of collection.

2. When the tax is paid in advance.

3. The tax deduction is calculated as follows:

Tax reduction and exemption = (taxable amount of individual business income with taxable income not exceeding 1 million yuan - tax deduction and exemption of other policies×The portion of taxable income of business income of individual industrial and commercial households not exceeding 1 million yuan / taxable income of business income)×(1-50%)。 

4. The amount of tax deduction or exemption shall be filled in the column of "tax deduction and exemption" of corresponding business income tax return form, and the "report form of individual income tax deduction and exemption" shall be attached.


[policy basis]

1. Announcement of the Ministry of Finance and the State Administration of Taxation on the implementation of preferential income tax policies for small and micro enterprises and individual businesses (No. 2, 2021)

2. Announcement of the State Administration of Taxation on issues related to the implementation of preferential income tax policies for supporting small low profit enterprises and individual businesses (No. 8 of 2021)

Eligible enterprises are temporarily exempted from the employment security fund for the disabled

[preferential content]

If they meet the requirements, they will be exempted from the employment security fund for the disabled.The employment security fund for the disabled, also known as the disability insurance fund, is the fund paid by the organs, organizations, enterprises, institutions and private non enterprise units that fail to arrange employment for the disabled according to the provisions.In principle, the proportion of employment arranged by employers for the disabled shall not be less than 1.5%. Employers below this standard shall pay employment security fund for the disabled, hereinafter referred to as "disability insurance fund".


[enjoyment conditions]

From January 1, 2020 to December 31, 2022, enterprises with less than 30 employees will be exempted from the employment security fund for the disabled.


[policy basis]

Article 4 of the announcement of the Ministry of Finance on adjusting the collection policy of employment security fund for the disabled (No. 98 in 2019)


Qualified payers Exemption Related government funds


[preferential content]

Education surcharges, local education surcharges and water conservancy construction funds are exempted.


[enjoyment conditions]

If the monthly sales amount of monthly tax payment does not exceed 100000 yuan, and the quarterly sales amount of tax paid by quarter does not exceed 300000 yuan, the payer shall be exempted from education surcharges, local education surcharges and water conservancy construction funds.


[policy basis]

Notice of the Ministry of Finance and the State Administration of Taxation on expanding the exemption scope of relevant government funds (CS [2016] No. 12)


Promoting the development of Inclusive Finance


financial institution

1. Interest income from small and micro businesses and individual businesses Exemption value added tax.

2. Enterprise income tax on interest income from small loan of farmers Write down income

3. Signing loan contract with small and micro enterprises Exemption Stamp duty.


Financial enterprises

1. Loan loss reserve for agriculture related and small and medium sized enterprises Pre tax deduction

2. Loan losses of agriculture related and small and medium sized enterprises Pre tax deduction


Small loan company

1. Interest income of farmers' small loan Exemption value added tax.

2. Enterprise income tax on interest income from small loan of farmers Write down income

3. Enterprise income tax on loan loss reserve Pre tax deduction

Other preferential policies for tax reduction and exemption

1. Provide financing guarantee and re guarantee for farmers and small and micro enterprises Exemption value added tax.

2. Enterprise income tax on reserve funds of SME financing (credit) guarantee institutions Pre tax deduction

3. Stamp duty on books reduction


Tax incentives for key groups to start businesses


Key groups

Business tax deduction


Retired soldiers and other key groups

1. Business tax for retired soldiers Deduction

2. Starting a business with the army's family members Exemption value added tax.

3. Starting a business with the army's family members Exemption individual income tax.

4. Starting a business for military cadres Exemption value added tax.

5. Military cadres who choose their own jobs Exemption individual income tax.

Disabled

1. Entrepreneurship of the disabled reduction value added tax.

2. Value added tax on units and individual businesses for placement of disabled persons They will retire as soon as they are collected.


After reading these preferential tax policies, do you feel that the burden has been reduced a lot?Under the shadow of the epidemic, all walks of life are facing severe challenges, and this series of national policies, like the spring rain, moistens the main body of the market economy.


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