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    Small Profit Tax Concessions Continue

    2011/2/16 16:38:00 45

    Corporate Income Tax Personal Tax

    Recently, the Ministry of Finance and the State Administration of Taxation jointly issued a circular saying that small profits will continue to be implemented in 2011.

    Corporate income tax

    Favoured policy。


    The reporter was informed that the specific content of the preferential policy is from January 1, 2011 to December 31, 2011.

    pay taxes

    The small and small profit enterprises whose income is less than 30 thousand yuan (including 30 thousand yuan) is reduced to 50% according to the taxable income, and the enterprise income tax is paid at 20% tax rate.


    It is understood that in general

    enterprise

    The income tax is levied at 25%. Small and small profits tax is levied on 20%. Last year, the small profit enterprises that paid less than 30 thousand yuan (including 30 thousand yuan) were required to pay taxes half of their income last year. The conversion was equivalent to 10% of the small profits enterprises.

    In this way, the small amount of small profits enterprises eligible for tax can be reduced by more than half.


    How do SMEs respond to this? Reporters interviewed by random interviews with some enterprises, many enterprises responsible persons said, had not heard of this preferential policy.

    There are also those in charge of enterprises who say that tax concessions are good, of course, which can lighten the burden of enterprises.


    The Ministry of Finance and the General Administration of Taxation jointly issued a circular saying that the implementation of preferential tax policies is intended to give full play to the positive role of small businesses in promoting economic development and increasing employment.

    Since the identification of small profit enterprises is implemented for one year, it is generally recognized that the time is 1-5 months per year.

    Taxpayers' pre payment of enterprise income tax in the new year will not enjoy preferential policies for small and small enterprises.

    Insiders remind that for such preferential policies, eligible enterprises can declare positively.

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