State Taxation Administration of The People's Republic of China issued "Guidelines on Preferential Tax Policies for Supporting Youth Employment and Entrepreneurship such as College Graduates".

Guiding Opinions on Preferential Tax Policies to Support Youth Employment and Entrepreneurship, such as College Graduates (as of June 2023)

The employment of college graduates and other young people is related to people's livelihood, economic development and the future of the country. In recent years, the CPC Central Committee and the State Council have deployed and implemented a series of preferential tax and fee policies to support the employment and entrepreneurship of college graduates and other young people. State Taxation Administration of The People's Republic of China sorted out the main preferential tax policies to support young college graduates' employment and entrepreneurship. According to the compilation style of enjoying subjects, preferential contents, enjoying conditions, handling methods and policy basis, a 14 policy guide to support young college graduates' employment and entrepreneurship was formed from two aspects: encouraging young college graduates to start their own businesses and encouraging social support, so as to facilitate young college graduates and the majority of business entities to know the applicable preferential tax and fee policies in time.

catalogue

First, encourage college graduates and other young people to start their own businesses.

(A) tax deduction for college graduates' entrepreneurship

(2) VAT relief for small-scale taxpayers.

(3) Value-added tax deduction for production and living services.

(four) small and low-profit enterprises to reduce corporate income tax.

(five) individual industrial and commercial households to reduce personal income tax.

(six) small and micro enterprises to reduce local "six taxes and two fees"

Two, encourage the society to support college graduates and other young people to start their own businesses.

(A) to absorb the employment of key groups of tax relief

(2) Technology business incubators, university science parks and creative spaces are exempt from property tax, urban land use tax and value-added tax.

(three) venture capital enterprises invest in unlisted small and medium-sized high-tech enterprises to deduct the taxable income in proportion.

(four) the legal partner of a limited partnership venture capital enterprise shall deduct the taxable income in proportion when investing in unlisted small and medium-sized high-tech enterprises.

(five) venture capital enterprises and angel investment individuals invest in start-up science and technology enterprises to deduct the taxable income in proportion.

(six) technology transfer, technology development and related technical consulting and technical services are exempt from value-added tax.

(7) Income from technology transfer shall be exempted from enterprise income tax.

(eight) the income from technology transfer of resident enterprises in a specific area of Zhongguancun National Independent Innovation Demonstration Zone shall be reduced or exempted from enterprise income tax.