This paper analyzes six new tax reduction policies in the State Council, focusing on which enterprises will benefit from them.
1. VAT rate 13% is reduced to 1 1%.
The State Council: First, continue to promote the reform of value-added tax and simplify the structure of value-added tax rate. From July this year 1, the value-added tax rate will be reduced from level 4 to level 3 17%, 1 1% and 6%, and the tax rate of 13% will be abolished; Reduce the VAT rate of agricultural products and natural gas from 13% to 1 1%. At the same time, the original deduction of agricultural products purchased by agricultural products deep processing enterprises remains unchanged, so as to avoid increasing the tax burden due to the reduction of input deduction.
Advantage list:
Who benefits from the latest six major tax concessions in the State Council?
Extension of tax law: (1) After the camp reform, regardless of the zero tax rate and the collection rate, there are currently four basic VAT rates, namely 17%, 13%, 1 1% and 6%. Compared with major developed countries, the tax rate is too high, which is not in line with tax fairness and justice. (2) Article 8 of the Legislative Law stipulates that "the establishment of taxes, the determination of tax rates and the management of tax collection" can only make laws, that is, the NPC and the NPC Standing Committee have legislative power. Does the cancellation of 13% VAT rate belong to "determination of tax rate"? It is not known whether the subsequent confirmation at the legislative level is based on legislative procedures (but it is estimated that the above-mentioned enterprises do not care about this! )。
Second, the preferential scope of small and meager profit enterprises has been expanded.
The State Council: The second is to expand the scope of small and meager profit enterprises enjoying preferential corporate income tax. From 20 17 to 20 17 to 20 19 to 20 12 to 3 19, the upper limit of the annual taxable income of small and low-profit enterprises will be raised from 300,000 yuan to 500,000 yuan, and the taxable income of small and low-profit enterprises meeting this condition will be halved, and enterprise income tax will be paid at preferential rates.
Advantage list:
Since 20 14, the State Council has continuously increased its support for the preferential tax policies for small and micro enterprises. The preferential scope of income tax halving was increased from 60,000 to 654.38+10,000, and then to 200,000. In August of 20 15, it was directly increased to 300,000, and the scope was extended to all small and micro enterprises.
Who benefits from the latest six major tax concessions in the State Council?
Extension of tax law: the preferential income tax standard for small and micro enterprises will be raised by half to 500,000 yuan this time, which has exceeded the standard of "annual taxable income of 300,000 yuan" stipulated in the enterprise income tax law and the implementation regulations, and relevant legislation needs to be further improved and supplemented in the future.
Third, increase the deduction ratio of R&D expenses.
The State Council: Third, increase the pre-tax deduction ratio of R&D for small and medium-sized science and technology enterprises. From 20 17 to 20 19 to 20 12 to 3 18, the proportion of actual R&D expenses incurred by small and medium-sized scientific and technological enterprises in developing new technologies, new products and new processes will be increased from 50% to 75% before enterprise income tax.
Advantage list:
On October 20/6 110/0, the Ministry of Finance, State Taxation Administration of The People's Republic of China and the Ministry of Science and Technology formally promulgated and implemented the Notice on Improving the Pre-tax Deduction Policy for Research and Development Expenses (Cai Shui [2065438+05]11.
Who benefits from the six major tax concessions in New the State Council?
Extension of tax law: (1) R&D expenses plus deduction is a tax preference established at the level of enterprise income tax law, which clearly stipulates that the plus deduction ratio is 50%. The National People's Congress has the right to make legislative adjustments, which is reasonable, and further legislative procedures are needed. (2) According to the current document Caishui [2015]19, there is no scale standard for technology-based enterprises to be added and deducted, and the standard of "small and medium-sized enterprises" in "The proportion of R&D expenses for technology-based small and medium-sized enterprises will be increased from 50% to 75%" needs to be clarified later.
Four, venture capital enterprises to expand the scope of preferential treatment
The State Council: Fourth, pilot projects will be carried out in eight comprehensive innovation and reform pilot zones, including Beijing-Tianjin-Hebei, Shanghai, Guangdong, Anhui, Sichuan, Han, Xi, Shenyang and Jiangsu industrial parks. Starting from 1 this year, venture capital enterprises that invest in seed-stage and start-up technology-based enterprises can enjoy the preferential policy of deducting taxable income by 70% of their investment; From July this year 1, the number of investors enjoying this preferential policy has expanded from corporate partners and partnership venture capital enterprises to individual investors. Investment within 2 years before the policy takes effect can also enjoy the aforementioned preferential treatment.
Advantage list:
Who benefits from the latest six major tax concessions in the State Council?
Extension of tax law: (1) The preferential policies for venture capital enterprises are also established at the level of enterprise income tax law, and the relevant provisions of the enterprise income tax law need to be further revised to effectively implement the statutory principle of taxation. (2) For individual investors to deduct taxable income, the current tax field is still classified tax system, and how to determine the specific deduction items. In addition, the current wage and salary withholding of personal income tax is better, but it is not ideal for capital income withholding and self-declaration.
Five, personal business health insurance can be deducted.
The State Council: Fifth, starting from July 1 this year, the pilot policy of personal income tax deduction for commercial health insurance will be extended to the whole country, allowing individuals to purchase qualified commercial health insurance products, and the expenses will be deducted before tax according to the annual maximum of 2,400 yuan.
Advantage list:
Who benefits from the latest six major tax concessions in the State Council?
Extension of tax law: According to the document Caishui [20 15] 126, the expenses of individuals purchasing health insurance products in the pilot area are deducted before individual income tax according to the limit standard of 2,400 yuan/year. The specific provisions are as follows:
(a) individuals who have obtained wages, salaries or continuous labor remuneration and purchase health insurance products that meet the requirements by themselves shall provide the withholding unit with the policy certificate in time. The withholding unit shall make monthly deduction within the standard of not exceeding 200 yuan/month from the next month when the individual submits the policy certificate. The part of the premium exceeding 2400 yuan within one year shall not be deducted before tax. The above provisions shall apply in the following year or in the subsequent period.
(II) The unit uniformly organizes the employees to purchase or the unit and the individual * * * jointly bear the purchase of health insurance products that meet the requirements. The real name of the part borne by the unit is included in the detailed list of personal wages and salaries, and it is regarded as an individual purchase, and it is deducted monthly within the standard of not exceeding 200 yuan/month from the month after the purchase of the products. The part of the premium exceeding 2400 yuan within one year shall not be deducted before tax. The above provisions shall apply in the following year or in the subsequent period.
(3) If the owners of individual industrial and commercial households, enterprises and institutions contract leasing operators, sole proprietorships and partnership investors purchase qualified health insurance products by themselves, they will be deducted according to the facts within the standard of not exceeding 2,400 yuan/year. The part of the premium exceeding 2400 yuan within one year shall not be deducted before tax. The above provisions shall apply in the following year or in the subsequent period.
The preferential tax policy for the partial expiration of intransitive verbs was extended to the end of 20 19.
The State Council: Sixth, extend some preferential tax policies due at the end of 20 16 to the end of 20 19, including: collecting urban land use tax by half on the land for bulk commodity storage facilities owned by logistics enterprises; Exempt the interest income from small loans of farmers in financial institutions from VAT, and extend the scope of this preferential policy to all legal and compliant small loan companies; For college graduates, people with employment difficulties, retired soldiers and other key groups. , value-added tax, urban maintenance and construction tax, education surcharge and individual (enterprise) income tax are deducted according to regulations.
Advantage list:
Who benefits from the latest six major tax concessions in the State Council?
Extension of tax law: some preferential periods in China are short, and then extended by "extension", which is not conducive to taxpayers' expectations of relevant policies. At the same time, in some areas, when implementing preferential tax policies, the conditions are too complicated, which is called filing for approval, which is not conducive to giving play to the guiding and regulating role of preferential tax policies.
The the State Council meeting also pointed out that all the above six measures have been put in place, and it is expected that the tax burden of various market entities will be reduced by more than 380 billion yuan after the pilot reform of the camp will be fully implemented in the first four months of this year and the revenue will be reduced. The meeting requested that relevant parties should put the above tax reduction measures in place as soon as possible, and those who need to file with the National People's Congress Standing Committee (NPCSC) should pay close attention to filing and demonstrate the introduction of further fee reduction measures. China Tax suggests that enterprises and individuals involved in the six preferential policies should actively strive for preferential policies and save taxes legally and reasonably.