Income tax reduction and exemption policies for small and low-profit enterprises

For small and low-profit enterprises whose annual taxable income does not exceed 1 million yuan, the corporate income tax will be halved based on the original preferential policies. That is, the actual tax burden is only 2.5%. For the portion of annual taxable income exceeding RMB 1 million but not exceeding RMB 3 million, a reduced rate of 50% is included in the taxable income, and the corporate income tax is paid at a rate of 20%, that is, the actual tax burden is 10%.

Declaration process for small and low-profit enterprises

1. Preparation materials

Before applying for a small and low-profit enterprise, you need to prepare the following materials: Small and medium-sized enterprise certification application form Business license , Organization code certificate, tax registration certificate, financial audit report or financial statements of the previous year, and employee pension insurance payment documents of the enterprise in the previous year.

2. Online declaration

Enter the official website of the relevant department and select the online declaration portal; follow the prompts of the online declaration system and gradually fill in all the information required for declaration; it will be ready Scan or take photos of all the materials and upload them to the online declaration system; submit the declaration after confirming that the filled in information and uploaded materials are correct.

3. Approval process

Relevant departments will review the submitted application materials to ensure that the information is complete and accurate; after review, the applicant will be notified of the application results via email or text message; If there are any unqualified areas, relevant materials must be corrected in a timely manner and resubmitted.

4. Receive the certificate

After approval, go to the designated location with relevant certification documents to receive the relevant certificate; after obtaining the certificate, the enterprise can participate in government procurement and enjoy tax benefits in accordance with relevant regulations. policy.

5. Precautions

Strictly apply in accordance with the time points specified by relevant departments to avoid missing the application deadline; fully prepare all required application materials before applying to ensure that the information Complete and accurate; be familiar with the entire approval process and ensure that the application and approval are carried out in accordance with the prescribed steps; during the application process, relevant laws and regulations must be observed to ensure that the application process is legal and compliant.

Forms of corporate income tax reductions and exemptions

1. Fiscal policy reductions and exemptions: This type of reductions and exemptions are specially authorized by the national finance department to certain enterprises, allowing them to reduce or reduce part of their corporate income tax to support their Specific business activities or projects.

2. Reductions and exemptions stipulated by law: This type of reductions and exemptions are formulated in accordance with relevant national laws and regulations. They are tax reduction and exemption measures with legal effects and can be enjoyed by all enterprises that meet the prescribed conditions.

3. Fiscal, taxation and financial subsidies: The government provides subsidies to enterprises through fiscal, taxation and financial policies, thereby indirectly reducing the tax burden of enterprises. This method is designed to encourage the development of specific industries or fields.

4. Tax policy reductions and exemptions: When the government implements or adjusts tax policies, it will formulate corresponding exemption provisions and implementation guidelines to promote the smooth implementation of tax policies and the steady development of the economy.

5. Comprehensive tax reduction and exemption: This is a type of tax reduction and exemption measure that involves a variety of taxes and is implemented in specific ways to provide enterprises with more comprehensive tax benefits, thereby further reducing their operating costs. , enhance its market competitiveness.