2023 Corporate Income Tax Preferential Tax Policy

What are the preferential corporate income tax policies that will continue to be implemented in 2023? The editor has compiled the preferential corporate income tax policies that will continue to be implemented in 2023. Let’s take a look at them together.

How did he save millions in taxes?

1. Preferential income tax policies for small and micro enterprises

Policy points From January 1, 2022 to December 31, 2024, the annual taxable income of small and low-profit enterprises exceeds 1 million The portion of RMB but not exceeding RMB 3 million shall be included in the taxable income at a reduced rate of 25%, and the corporate income tax shall be paid at a tax rate of 20%.

Policy Basis "Announcement of the Ministry of Finance and the State Administration of Taxation on Further Implementing Preferential Income Tax Policies for Small and Micro Enterprises" (Announcement No. 13, 2022, of the Ministry of Finance and the State Administration of Taxation)

2. Engage in pollution prevention and control Key points of the policy: Qualified third-party enterprises engaged in pollution prevention and control are levied a reduced corporate income tax at a rate of 15%, and the implementation period has been extended to December 31, 2023.

Policy Basis "Announcement of the Ministry of Finance, State Administration of Taxation, and the Ministry of Ecology and Environment of the National Development and Reform Commission on Income Tax Policies for Third-Party Enterprises Engaged in Pollution Prevention and Control" (Announcement of the Ministry of Ecology and Environment of the National Development and Reform Commission of the Ministry of Finance, State Administration of Taxation, and National Development and Reform Commission in 2019 No. 60) "Announcement of the Ministry of Finance and the State Administration of Taxation on Extending the Implementation Period of Some Preferential Tax Policies" (Announcement No. 4 of the Ministry of Finance and the State Administration of Taxation, 2022)

3. Production and assembly of special supplies for the disabled< /p>

Policy Key Points From January 1, 2021 to December 31, 2023, enterprises that produce and assemble special supplies for the disabled are exempt from corporate income tax.

Policy basis "Announcement of the Ministry of Finance, State Administration of Taxation and the Ministry of Civil Affairs on the exemption of corporate income tax for enterprises that produce and assemble special supplies for the disabled" (Announcement No. 14, 2021, of the Ministry of Finance, State Administration of Taxation and the Ministry of Civil Affairs)

4. Pre-tax deduction for publicity expenses

Policy points From January 1, 2021 to December 31, 2025, cosmetics manufacturing or sales, pharmaceutical manufacturing and beverage manufacturing (excluding The advertising expenses and business promotion expenses incurred by alcohol manufacturing) enterprises shall be allowed to be deducted if they do not exceed 30% of the sales (business) income of the year; the excess shall be allowed to be carried forward for deduction in subsequent tax years; for advertising expenses and business promotion expenses for contract signing If an affiliated enterprise has an expense sharing agreement, the advertising expenses and business promotion expenses incurred by one party that do not exceed the pre-tax deduction limit of sales (operating) income for the year can be deducted from the enterprise, or part or all of them can be deducted in accordance with the sharing agreement. transferred to the other party for deduction. When the other party calculates the enterprise income tax pre-tax deduction limit for advertising expenses and business promotion expenses, the advertising expenses and business promotion expenses attributed to the enterprise according to the above method may not be included in the calculation. Tobacco advertising and business promotion expenses incurred by tobacco companies shall not be deducted when calculating taxable income.

Policy Basis "Announcement of the Ministry of Finance and the State Administration of Taxation on Matters Concerning the Pre-tax Deduction of Advertising Fees and Business Promotion Expenses" (Announcement No. 43 of the Ministry of Finance and the State Administration of Taxation 2020)

5 , Foreign institutions invest in the domestic bond market

Policy points From January 1, 2021 to December 31, 2025, the bond interest income obtained by foreign institutions investing in the domestic bond market is temporarily exempt from corporate income tax and value-added tax .

Policy Basis "Announcement of the Ministry of Finance, General Administration of Customs, and State Administration of Taxation on the Continuation of Corporate Income Tax and Value-Added Tax Policies for Overseas Institutions' Investment in the Domestic Bond Market" (Announcement No. 34, 2021, of the Ministry of Finance and the State Administration of Taxation)

6. Corporate Income Tax Policy for the Development of the Western Region

Policy Key Points From January 1, 2021 to December 31, 2030, enterprises in encouraged industries located in the western region will be subject to a reduced tax rate of 15% Collect corporate income tax.

Policy Basis "Announcement of the Ministry of Finance, State Administration of Taxation, and National Development and Reform Commission on the Continuation of the Corporate Income Tax Policy for the Development of the Western Region" (Ministry of Finance Announcement No. 23, 2020)

7. Self-employment Policies related to entrepreneurship and employment of retired soldiers

Policy points 1. Self-employed retired soldiers who engage in self-employment shall be entitled to an annual fee per household within 3 years (36 months, the same below) starting from the month when they register as individual industrial and commercial households. 12,000 yuan is the limit to deduct the actual value-added tax, urban maintenance and construction tax, education surcharge, local education surcharge and personal income tax that should be paid in sequence in that year, and the limit standard can be increased by up to 20%; 2. Enterprises recruiting self-employed retired soldiers, instead of For those who sign a labor contract of more than 1 year and pay social insurance premiums in accordance with the law, starting from the month of signing the labor contract and paying social insurance, a fixed amount of value-added tax, urban maintenance and construction tax, and education surcharge will be deducted based on the actual number of employees within 3 years. , local education surcharge and corporate income tax concessions. The quota standard is 6,000 yuan per person per year, which can be increased by up to 50%. The implementation period has been extended to December 31, 2023.

Policy Basis "Notice of the Ministry of Finance, State Administration of Taxation and the Department of Veterans on Tax Policies to Further Support the Entrepreneurship and Employment of Self-Employed Veterans" (Finance and Taxation [2019] No. 21) "Notice on Extending the Implementation Period of Some Preferential Tax Policies" Announcement" (Announcement No. 4 of 2022 by the Ministry of Finance and the State Administration of Taxation)

8. Support and promote employment and entrepreneurship of key groups

Policy points 1. Establish files for poor people and hold " Those who have "Employment and Entrepreneurship Certificate" (marked with "Tax Policy for Self-Employment" or "Tax Policy for Self-Employment within the Year of Graduation") or "Employment and Unemployment Registration Certificate" (marked with "Tax Policy for Self-Employment") and who are engaged in self-employment must apply for it themselves. Starting from the month when an individual industrial and commercial household registers, within 3 years (36 months, the same below), the value-added tax, urban maintenance and construction tax, education surcharge, and local education fee actually paid by the individual industrial and commercial household in that year shall be deducted in sequence according to the limit of 12,000 yuan per household per year. Additional and personal income taxes. The limit standard can be raised by up to 20%, and the people's governments of each province, autonomous region, and municipality directly under the Central Government can determine the specific limit standard within this range based on the actual conditions of the region.

2. Enterprises recruit registered poor people, and those who have registered as unemployed for more than six months at the public employment service agency of the human resources and social security department and hold an "Employment and Entrepreneurship Certificate" or "Employment and Unemployment Registration Certificate" 》(marked "Enterprise Tax Absorption Policy"), who sign a labor contract with a term of more than 1 year and pay social insurance premiums in accordance with the law, they will be compensated based on the actual number of employees within 3 years starting from the month when the labor contract is signed and social insurance is paid. Fixed quota deductions for value-added tax, urban maintenance and construction tax, education surcharge, local education surcharge and corporate income tax discounts in sequence. The quota standard is 6,000 yuan per person per year, which can be raised by up to 30%. The people's governments of each province, autonomous region, and municipality directly under the Central Government can determine the specific quota standard within this range based on the actual conditions of the region. The tax calculation basis for urban maintenance and construction tax, education surcharge, and local education surcharge is the value-added tax payable before enjoying this preferential tax policy.

The execution period has been extended to December 31, 2025.

Policy basis Caishui [2019] No. 22 (Further Supporting and Promoting Entrepreneurship and Employment of Key Groups) "State Administration of Taxation, Ministry of Human Resources and Social Security, State Council Poverty Alleviation Office and Ministry of Education on Implementing Taxes to Support and Promote Entrepreneurship and Employment of Key Groups" Announcement on Specific Operational Issues of the Policy" (State Administration of Taxation Announcement No. 10 of 2019) "Announcement of the Ministry of Finance, State Administration of Taxation, Human Resources and Social Security, and the National Rural Revitalization Administration on Extending the Implementation Period of Some Poverty Alleviation Preferential Tax Policies" (Announcement of the Ministry of Finance, State Administration of Taxation, Human Resources and Social Security) Ministry of Resources and Social Security National Rural Revitalization Bureau Announcement No. 18, 2021)

9. Poverty alleviation donation expenditures will be deducted according to the actual situation

Policy points from January 1, 2019 to December 2022 On March 31, enterprises that use public welfare social organizations or people's governments at or above the county level (including county level) and their constituent departments and directly affiliated institutions for poverty alleviation donation expenditures in target poverty alleviation areas are allowed to be based on the taxable income when calculating corporate income tax. actual deduction. Within the policy implementation period, if the targeted poverty alleviation areas are lifted out of poverty, the above policies can continue to be applied. The implementation period has been extended to December 31, 2025.