Preferential policies for small and micro enterprises in Shanghai

According to relevant laws and regulations, the preferential tax policies for small and micro enterprises in Shanghai include: first, increasing tax reduction and fee reduction; The second is to reduce the production and operation costs of enterprises; The third is to open up domestic and foreign markets; Fourth, improve the professional ability of small and medium-sized enterprises; Fifth, strengthen financing services for small and medium-sized enterprises; The sixth is to optimize the services of small and medium-sized enterprises. Specific to each tax type, the policy is as follows: 1. Value-added tax: small-scale taxpayers with monthly sales below 654.38 million yuan+(paying taxes quarterly, with quarterly sales not exceeding 300,000 yuan) are exempt from value-added tax. 2. Enterprise income tax: the part of the annual taxable income of small and low-profit enterprises that does not exceed 6,543,800 yuan is included in the taxable income at a reduced rate of 25%, and the enterprise income tax is paid at a rate of 20%; For the part of the annual taxable income exceeding 6,543,800 yuan but not exceeding 3 million yuan, it will be included in the taxable income at the reduced tax rate of 50%, and the enterprise income tax will be paid at the tax rate of 20%.

Legal basis: Article 1 of the Preferential Tax Policies for Small and Micro Enterprises in Shanghai shall intensify tax reduction and fee reduction, and fully implement the national tax reduction and fee reduction policy. The policy of reducing or exempting small-scale taxpayers from value-added tax, public transportation, catering and accommodation, tourism and entertainment, culture and sports will be extended to the end of 2020. The income tax of small and low-profit enterprises can be extended to the first reporting period of 202 1. Fully implement the national fee reduction policy. Small and medium-sized enterprises and individual industrial and commercial households insured by the unit will be exempted from the payment policy of pension, unemployment and work-related injury insurance units until the end of 2020. The introduction of individual industrial and commercial households and all kinds of flexible employees who are insured as individuals can voluntarily postpone the basic old-age insurance premium in 2020. The policy of exempting port construction fees for import and export goods and halving the compensation fund for oil pollution damage from ships will be extended to the end of 2020. Increase local tax reduction and fee reduction. Continue to implement the relevant provisions of this Municipality on reducing the relevant tax and fee policies within the local authority to the lowest level within the scope prescribed by the state.