SMEs’ New Preferential Tax Policy
[introduction] Small micro enterprises(SMEs)annual revenue within 200,000yuan, enjoy the preferential tax policy that the enterprise income tax shall be levied in half.
Li keqiang, chaired the executive meeting of the State Council on February 25, 2015.
Further tax cuts measures support the development of small micro enterprise and entrepreneurial innovation.
First, from January 1, 2015 to December 31, 2017, SMEs will enjoy preferential policy of enterprise income tax be levied half, by the amount of taxable income within 100,000 yuan (contain 100,000 yuan) expanded to 200,000 yuan (contain 200,000 yuan), and pay the enterprise income tax at a reduced rate of 20%.
Second, from April 1, 2015, will prevail to the whole country the tax preferential policy by One-time tax payment to Pay-by-installments on actual income rise from non-monetary assets of technical inventions investment, such as, individuals equity investment, real estate investment, in order to activate private personal investment.
Third, 3% of unemployment insurance rates stipulated in the regulations of the current unified down to 2%, unit and individual pay cost around in the specific proportion by giving full consideration to improve the unemployment insurance benefits, promote the unemployed back to work, to carry out the stability of unemployment insurance allowance.
To deepen fiscal and taxation reform, reduce the tax and fees charged to businesses, particularly those in the service sector, and take new steps to support SMEs, that means better market regulation, a world-class business environment established on market principles and the rule of law. In this way, China will be able to provide efficient and quality public services to all market players.To extend your business to China, you can set up Guangzhou Domestic Company, Wholly Foreign-Owned Enterprise, Joint-Venture, even Representative Office. GZ Timely Enterprise Service Limited, as a qualified business registration services provider, offers professional one-stop services including Company Incorporation, Accounting and Taxation service, guiding your first step t0 expand your operations in China market.
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