Supporting Levy Policies on Income Tax Concessions for Small and Micro-profit Enterprises.
Edited Time: March 29, 2023Edited by: adminCategory: Publications
On 27 March 2023, the Ministry of Finance and the State Taxation Administration released the preferential policies on income taxation for small and micro-profit enterprises and individual businesses, and the State Taxation Administration has simultaneously released the supporting levy and management policies as below:
Announcement on the Implementation on the Issues of Administration and Collection of the Preferential Income Tax Policies for Small and Micro-profit Enterprises : to clarify the scope the small and micro-profit enterprises, how the enterprises which have established the sub-branches without legal personality could enjoy the preferential policies, the procedures for handling the aforesaid preferential matters, and how to enjoy the preferential policies when prepaying the enterprise income tax, etc.
Announcement on the Supporting and Implementation on the Matters Relating to the Preferential Individual Income Tax Policies for the Development of Individual Businesses : to clarify the procedures for enjoying the preferential policies for tax incentives, how to enjoy the preferential policies for the income obtained from multiple businesses, and the examples of calculating the amount of tax deductions, etc.