Journalism

The General Administration has just made it clear!Individual proprietorship and partnership enterprises can not enjoy the policy of reducing individual income tax by half

2021-04-27

The General Administration has just made it clear!Geduhe partnership can't enjoy the policy of reducing individual income tax by half!


Q: Small low profit enterprises and individual businesses with taxable income less than 1 million yuan can enjoy the preferential policy of halving, so do sole proprietorship and partnership enterprises?


A: According to the 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 (Announcement No. 2, 2021) of the Ministry of Finance and the State Administration of Taxation, for the part of small and micro profit enterprises whose annual taxable income does not exceed 1 million yuan,On the basis of the preferential policies stipulated in Article 2 of the notice of the Ministry of Finance and the State Administration of Taxation on the implementation of inclusive tax reduction and exemption policies for small and micro enterprises (CS [2019] No. 13), the enterprise income tax shall be reduced by half.


On the basis of the current preferential policies, the individual income tax shall be reduced by half on the part of the individual industrial and commercial households whose annual taxable income does not exceed 1 million yuan.


Therefore, the above policy does not apply to sole proprietorships and partnerships. 


Practical reminder

Popular science tax: reading "subject" in reading policy


[e.g.] notice of the Ministry of Finance and the State Administration of Taxation on the implementation of the preferential tax reduction and exemption policy for small and micro enterprises (CS [2019] No. 13) Small scale VAT taxpayer We 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 50% tax range.


The notice of the Ministry of Finance and the State Administration of Taxation on expanding the scope of exemption of relevant government funds (CS [2016] No. 12) stipulates that the scope of education surcharges, local education surcharges and water conservancy construction funds will be exempted from the collection from February 1, 2016,From the payers whose monthly sales or turnover are not more than 30000 yuan (the quarterly sales or turnover taxed on a quarterly basis are not more than 90000 yuan), the monthly sales or turnover of paying taxes on a monthly basis does not exceed 100000 yuan (the quarterly sales or turnover taxed on a quarterly basis do not exceed 300000 yuan) Payer.


 【Analysis] the subject of the provisions of Cai Shui [2019] No.13 is "Small scale taxpayers of value added tax", Therefore, this policy can only be applied to small-scale VAT taxpayers "Payer" Therefore, it is applicable to both general taxpayers and small-scale taxpayers.


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