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Original title: The Ministry of Finance extends the period of 25 expired preferential tax policies, benefiting multiple industries
On March 23, the Ministry of Finance and the State Tax Administration announced thead“(Hereinafter, the” Announcement “), extending the implementation period of 25 preferential tax policies that have expired or will expirebusinessSo take advantage.
Support science and innovation
An important feature of the extension of relevant tax preferential policies is to encourage investment in R&D and support scientific and technological innovation.
Business innovation is inseparable from increased investment in R&D. Already in 2018, the Ministry of Finance and other documents issued R&D expensesAdditional deductionThe index rose to 75%, but this policy expired at the end of last year. The “Announcement” postponed this policy for 3 years, which leads to continue encouraging companies to increase investment in R&D.
Furthermore, this year the governmentjobsreportAlso clearmanufacturingThe deduction rate for R&D expenses will be increased to 100%.
Business transformationThe upgrade generally requires the upgrade of machinery and equipment to guide companies to increase the equipment and appliancesinvestmentIn 2018, the Ministry of Finance and others issued a document that allows companies to purchase equipment and home appliances within 5 million yuan to be included in the current period at a time.costExpenses are deducted when calculating taxable income, which reduces pressure on the company’s cash flow.
This preferential policy also expired at the end of last year, and the “Announcement” also extended this policy for 3 years.
Support small and micro agricultural financing
Small and micro enterprises arejobMain forceMilitary, the revitalization of rural areas progresses comprehensively, and affects small and micro-enterprises andAgricultural taxThe preferential rate policy also continued as scheduled.
Financing for micro and small businesses and agriculture is relatively difficult, so the state has introduced the corresponding preferential fiscal policies to guide financial institutions to increase investment in micro and small businesses and agriculture.
For example, from September 1, 2018 to December 31, 2020, theIndividual industrial and commercial householdsObtained by issuing a small loanInterest income, Exempt from value added tax In addition, for financial institutions and small businesses, micro-businessesborrowparagraphcontractExemption from stamp duty.
Both policies expired at the end of last year, and the “Announcement” was clearly extended until December 31, 2023.
In order to support the revitalization of rural areas, finance and taxation departments have previously introduced preferential fiscal policies for rural drinking water security projects, agricultural loan relocation and poverty alleviation, etc. As these policies expire one after another, the “Announcement” decided to keep expanding.
Good for these industries
The “Announcement” also continues preferential tax policies of some industries, which is good for securities,Sure, Pensions, animation, civil aviation, public rental housing and other industries.
For example, the securities industry that expired at the end of last yearreservationspendingCorporate taxPreferential tax deduction policy, the “Announcement” clearly still applies, which is good for securities.the companyAnd futures companies, it also expires at the end of last year.SureCompany reservation expenses companyIncome taxPre-tax deductions will also continue to implement preferential tax policies, which is good.Surethe company.
In addition, the “Announcement” clarified that pension institutions, animationindustryRelevant VAT reduction and exemption policies continue to be applied, benefiting related companies.
The “Announcement” stated that the corresponding taxes collected prior to the date of this announcement may be deducted or reimbursed by taxpayers in subsequent months.
Attach a link to the original text of the “Announcement”:
http://szs.mof.gov.cn/zhengcefabu/202103/t20210323_3674436.htm
(Source: China Business News)
(Editor in charge: DF506)
I solemnly declare: The purpose of this information is to spread more information, and it has nothing to do with this booth.
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