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Enterprise tax incentives preferential policies for small and medium-sized micro-enterprises preferential policies for income tax policy Q&A tax-free income accounting treatment
Enterprise tax incentives during the epidemic
1. From February to June, the country (except Hubei Province), small and medium-sized micro-enterprises are exempted from the old-age pension, unemployment, industrial injury insurance unit contribution;
From February to April, the country (except Hubei Province), large enterprises can be reduced by half the levy of old-age, unemployment and industrial injury insurance unit contributions;
Hubei Province from February to June, all types of participating enterprises can be exempted from the levy of old-age, unemployment and industrial injury insurance unit contributions.
Phase of half the levy unit contributions to the basic medical insurance premiums of employees, specific consideration is from February, the period of up to five months.
(Note: this phased exemption of small, medium and micro enterprises of the three social security fees (enterprise pension, unemployment, industrial injury insurance), refers to the exemption of the above costs of the part of the unit to bear, as the social security costs should be borne by the unit of the medical insurance, as well as personal commitment to the pension insurance, medical insurance, unemployment insurance still have to complete the declaration of payment. Taxpayers should not rush to declare social security costs, waiting for the declaration system to be amended and then declared can be, has been declared for payment of the enterprise, is expected to apply online for a refund or as a prepayment.)
Meanwhile, before the end of June, enterprises can apply for deferred payment of housing provident fund, during this period of time for the employee due to the impact of the epidemic failed to make normal repayments of provident fund loans, not to be treated as late.
2. For the epidemic prevention and control of key materials production enterprises for the expansion of production capacity of the newly purchased equipment, allowed a one-time charge to the current cost of costs deducted before the enterprise income tax.
Policy basis: Announcement No. 8 of the Ministry of Finance and the State Administration of Taxation
3. Taxpayers are exempted from value-added tax (VAT) on revenues from the transportation of key materials for epidemic prevention and control.
Policy basis: Announcement No. 8 of the Ministry of Finance and the State Administration of Taxation
4. For enterprises producing key materials for epidemic prevention and control, the full amount of incremental VAT tax credit will be refunded after January 1st.
Policy basis: Announcement No. 8 of the Ministry of Finance and the State Administration of Taxation
5. For enterprises in the transportation, catering, accommodation and tourism industries that are greatly affected by the epidemic, the loss carry-forward period will be extended by three years on top of the current carry-forward period of five years.
Basis: Announcement No. 8 of the Ministry of Finance and the State Administration of Taxation
6. Taxpayers are exempted from value-added tax (VAT) on the revenues derived from the provision of public **** transportation services, living services, and the delivery and collection of essential living materials by express couriers.
Policy basis: Ministry of Finance, General Administration of Taxation Announcement No. 8
7. Exemption of Civil Aviation Development Fund paid by civil aviation enterprises
Policy basis: Ministry of Finance, National Development and Reform Commission Announcement No. 11
8. Enterprises and individuals donating medical supplies and other items used for the prevention and treatment of epidemics through public welfare social organizations, etc. or directly to hospitals are permitted to make full deductions prior to the payment of full deduction before paying income tax.
Goods donated free of charge by units and individual industrial and commercial households for epidemic prevention and treatment are exempted from value-added tax, consumption tax, urban maintenance and construction tax, education surcharge and local education surcharge.
Policy basis: Ministry of Finance, General Administration of Taxation Announcement No. 9
Hot issues of preferential policies on enterprise income tax during the epidemic
1. Our company purchased alcohol for packaging, and then donated it directly to hospitals undertaking the task of epidemic prevention and treatment to cope with the epidemic of pneumonia infected by a new type of coronavirus, and made publicity banners. Can the cost of the alcohol packaging and the production of the publicity banners be fully deducted from the calculation of taxable income in accordance with the Announcement No. 9 of the Ministry of Finance and the State Administration of Taxation?
A: The costs incurred for alcohol packaging and publicity banners can be fully deducted as donations if they are included in the value of the donations. Can not be included in the value of the donation, it should be included in the enterprise-related expenses, in accordance with the provisions of the tax law. But can not repeat the deduction.
2. My company belongs to the epidemic protection key protection materials production units, in the first quarter of the purchase of equipment expenditure and donations to combat the epidemic expenditure, please tell me how to fill in the declaration of prepayment of enterprise income tax return in April?
A: April levy period, the epidemic prevention and control of key protection materials production enterprises to enjoy a one-time pre-tax deduction policy, monthly (quarterly) pre-payment declaration should be in the "accelerated depreciation of fixed assets (deduction) preferential schedule" (A201020) line 4 "II, one-time deduction of fixed assets" to fill in the relevant information.
Enterprises enjoying the policy of full deduction for donations to support the prevention and control of the new coronavirus-infected pneumonia epidemic should report the relevant information in the line "Attached Information: Full Deduction for Donations to Support Prevention and Control of the New Coronavirus-Infected Pneumonia Epidemic" at the end of the "Detailed Income from Tax Exemptions, Reductions of Revenue, Income Deductions and Other Preferences" (A201010) in the Monthly (Quarterly) Advance Contributions Declaration. " line to fill in the relevant information.
3. May I ask whether an enterprise that purchases a batch of medical supplies within the country and donates them to an overseas charitable organization, an overseas country or an overseas hospital can enjoy the full deduction of the Announcement of the General Administration of Taxation of the Ministry of Finance No. 9 in the calculation of taxable income?
A: According to the Announcement of the Ministry of Finance and the State Administration of Taxation on the Tax Policy on Donations to Support the Prevention and Control of the Pneumonia Epidemic Infected by the New Coronavirus (Announcement No. 9 of the Ministry of Finance and the State Administration of Taxation), the enterprises donating cash and goods for the purpose of coping with the pneumonia epidemic infected by the new coronavirus through the public welfare organizations or the people's governments and their departments at or above the county level and other state organs are allowed to fully deduce the amount of taxable income when calculating the amount of taxable income. The full amount of cash and goods donated by enterprises through public welfare organizations or state organs such as people's governments at or above the county level for the purpose of responding to the pneumonia epidemic caused by the new coronavirus infection is allowed to be deducted when calculating taxable income. Donations of cash and goods for the purpose of responding to the pneumonia epidemic caused by the new coronavirus infection made by enterprises directly to hospitals undertaking the task of epidemic prevention and control are allowed to be fully deducted in the calculation of taxable income.
Before the national policy is further clarified, it is recommended that enterprises make donations through social organizations that are qualified for pre-tax deduction of public welfare donations according to the law in order to enjoy preferential policies.
What are the preferential policies for small, medium and micro enterprises during the epidemic
1. During the epidemic, the key to protect the enterprise to give loan subsidy support
During the epidemic, due to the serious impact on the economy, in order to solidify their own business, inevitably will be involved in the loan, for the loan of the enterprise, the central ministry of finance to implement the corresponding initiatives, will be according to the People's Bank of China refinance rate of 50 percent. The People's Bank of China refinancing interest rate of 50% to give subsidized interest, the subsidized interest period does not exceed one year.
2. Provide relevant preferential financial services
In this epidemic, for the more affected catering, transportation, express delivery, accommodation, tourism and other service industries, especially small and medium-sized enterprises, shall not blindly cut off loans, pressure loans. For enterprises seriously affected by the epidemic, the due repayment difficulties can be extended or renewed loans.
3. Broaden financing channels
During the epidemic, the more seriously affected, and the stock pledge agreement just expired the enterprise, if because of repayment difficulties for the reason of the application for the extension of the enterprise can be negotiated with the relevant financial institutions, basically able to extend the extension of the period of 3 to 6 months or so.
4. Extending the tax period
Besides enterprises, the state has also introduced corresponding tax incentives for taxpayers in this epidemic. According to the latest release, the tax declaration period has been extended to May 22 from the original extension to February 28th. And for taxpayers who are still unable to file a tax return or an extension of the deadline on May 22, they can explain their reasons in writing to the local tax authorities and just make up for the extension.
Tax-free income during the epidemic period
Borrow: bank deposits or related accounts
Credit: main business income
Credit: tax payable - payable value-added tax - sales tax amount
Borrow: tax payable - VAT payable - tax abatement
Credit: non-operating income - government grants