The premier of the State Council, Li Keqiang, chaired the standing meeting of the State Council in April 25th, and decided to introduce 7 tax reduction measures to support innovation and development of small and micro enterprises, and to carry out supervision and assessment on the financial services of the bank to ensure that the cost of financing in the real economy fell this year.
In order to reduce the cost of entrepreneurial innovation, enhance the driving force for small and micro enterprises and promote the expansion of employment, the conference decided to increase the tax reduction in accordance with the requirements of the central economic work conference and the government work report. One is to enjoy the value upper limit of the newly purchased research instruments and equipment units, from 10. 0 million yuan is raised to 5 million yuan. Two, we will enjoy the upper limit of the annual taxable income of small and micro enterprises, which is reduced by half of the preferential tax policies for enterprise income tax, from 500 thousand yuan to 1 million yuan. The above two measures are implemented from January 1, 2018 to December 31, 2020. The three is to cancel the enterprise's entrustment of overseas research and development expenses. The four is to extend the age of loss of high-tech enterprises and small and medium-sized enterprises from 5 years to 10 years. The five is to raise the quota of the pre tax deduction for the general education of employees and the quota of hi-tech enterprises from 2.5% to 8%. The three measures mentioned above have been implemented since January 1st this year. Six, from May 1st, the stamp tax on the funds set up by the taxpayer is reduced by half of the stamp tax on the capital and the total amount of capital, and the other books are exempted from stamp duty. The seven is to extend the preferential policies of venture capital enterprises and angel investment individuals to the seed period and the initial stage of technology enterprises to deduct the taxable income according to the investment amount of 70%, which are currently being pilot in the 8 comprehensive innovation and reform experiment areas and Suzhou Industrial Park. The preferential policies of corporate income tax and personal income tax have been implemented since January 1st and July 1st respectively. Taking the above 7 measures, it is expected that the tax burden will be reduced by about 60000000000 yuan for the whole year.
The meeting pointed out that, according to the deployment of the Party Central Committee and the State Council, and strengthening the financial services of small and micro enterprises, "three rural" and other weak links, we must implement the established policies so that enterprises can truly feel the decline in financing costs. At present, the large and medium-sized commercial banks have generally set up the Pratt and whiten financial institutions, and the specialized operating mechanism is basically formed. By the end of last year, the new financial loans were issued by more than 3.4 billion yuan. The next step is to carry out the general financial services of the bank as an important reference for the supervision and support policy, to formulate the supervision and assessment methods, to improve the inclusive financial service guarantee system, to strengthen the construction of the credit information system, to support the banks to formulate special inclusive credit schemes, to arrange special incentive costs and to refine the duty free methods of due diligence. To explore small and micro enterprises' long-term fixed assets loans, new agricultural operation main facilities mortgage loans, poverty alleviation finance and other products, to ensure that the growth of small and micro enterprise loans under 10 million yuan of single credit is not lower than the growth rate of various loans, the number of loans is not lower than the same period of the same period of the previous year, and the quality of small and micro enterprises loans and loans are reasonably controlled. Comprehensive cost, and strive to the end of the three quarter of small and micro enterprises financing costs have been significantly reduced. Strengthen supervision, audit and other efforts. Make Inclusive Finance help small and micro enterprises to develop and shake off poverty.
The conference also studied other matters.
Source: People's daily