According to Article 1 of the Notice on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises, small-scale VAT taxpayers with monthly sales of less than 654.38+10,000 yuan are exempt from VAT.
Article 2 The portion of the annual taxable income of small and low-profit enterprises that does not exceed 1 10,000 yuan shall be included in the taxable income at a reduced rate of 25%, and enterprise income tax shall be paid at a rate of 20%; For the part of the annual taxable income exceeding 6,543,800 yuan but not exceeding 3 million yuan, it shall be included in the taxable income at a reduced rate of 50%, and the enterprise income tax shall be paid at a reduced rate of 20%. The above-mentioned small-scale low-profit enterprises refer to enterprises engaged 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 labor dispatch workers accepted by the enterprise. The number of employees and total assets are determined according to the annual quarterly average. The specific calculation formula is as follows:
Quarterly average = (value at the beginning of the season+value at the end of the season) ÷2
Annual quarterly average = sum of annual quarterly average ÷4
If business activities are started or terminated in the middle of the year, the above-mentioned relevant indicators shall be determined with its actual business period as a tax year.
Extended data:
Article 1 of the Announcement on Issues Related to the Implementation of Inclusive Income Tax Reduction and Exemption Policy for Small-scale Low-profit Enterprises: From 20 19 10 to 2021012310, the annual taxable income of small-scale low-profit enterprises shall be reduced by 20%. For the part of the annual taxable income exceeding 6,543,800 yuan but not exceeding 3 million yuan, it shall be included in the taxable income at a reduced rate of 50%, and the enterprise income tax shall be paid at a reduced rate of 20%.
Small and low-profit enterprises can enjoy the above preferential policies regardless of whether they pay enterprise income tax in accordance with the approved collection method or the approved collection method.
Article 2 The term "small and low-profit enterprises" as mentioned in this announcement refers to enterprises engaged 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.
State Taxation Administration of The People's Republic of China, People's Republic of China (PRC)-Notice on Implementing the Inclusive Tax Relief Policy for Small and Micro Enterprises