China News Service, Beijing, March 18 (Reporter Zhao Jianhua) The Ministry of Finance and the State Administration of Taxation issued the "Announcement on Further Implementing the Preferential Income Tax Policies for Small and Micro Enterprises" on the 18th, clarifying the preferential income tax policies for small and micro enterprises.
For small and low-profit enterprises, the annual taxable income of more than 1 million yuan but not more than 3 million yuan will be included in the taxable income at a reduced rate of 25%, and the enterprise income tax will be paid at the tax rate of 20%.
Small and low-profit enterprises refer to enterprises that engage in industries that are not restricted or prohibited by the state and meet the three conditions of annual taxable income not exceeding 3 million yuan, employees not exceeding 300, and total assets not exceeding 50 million yuan.
The number of employees, including the number of employees who have established labor relations with the enterprise and the number of dispatched workers accepted by the enterprise.
The so-called indicators of the number of employees and total assets shall be determined according to the quarterly average value of the enterprise throughout the year.
In case of opening or terminating business activities in the middle of the year, the actual operating period shall be regarded as a tax year to determine the above-mentioned relevant indicators.
The implementation period of the announcement is from January 1, 2022 to December 31, 2024.
(over)