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With the arrival of 2023, the state's preferential tax policies for small and micro enterprises have once again attracted attention. These policies aim to reduce the tax burden on small and micro enterprises and promote their healthy development. This article will explain these preferential tax policies in detail from the perspective of VAT and income tax.
1. Preferential value-added tax policies.
Reduction in the levy rate: From 1 January 2023, the levy rate for small-scale VAT taxpayers will be reduced from 3% to 1%. This measure greatly reduces the tax burden on small and micro enterprises and helps to improve their market competitiveness.
Refund of incremental tax credits: For eligible small and micro enterprises, if there is an incremental tax credit due to production and operation, they can apply to the competent tax authorities for a refund of the incremental tax credit. This policy is conducive to alleviating the financial pressure on small and micro enterprises and prompting them to expand reproduction faster.
2. Preferential income tax policies.
Reduced to 15% from January 1, 2023. For the part of the taxable income not exceeding 1 million yuan, the rate shall be reduced by 125% is included in the taxable income, and the enterprise income tax is paid at the rate of 20%;For the part of the taxable income exceeding 1 million yuan but not exceeding 3 million yuan, it will be included in the taxable income at a reduced rate of 25%, and the enterprise income tax shall be paid at the rate of 20%. This policy will significantly reduce the tax burden on small and micro enterprises and stimulate their innovation vitality.
Tax incentives for high-tech enterprises: The state will give preferential enterprise income tax policies to small and micro enterprises identified as high-tech, and levy enterprise income tax at a reduced rate of 15%. This policy is conducive to encouraging small and micro enterprises to increase investment in scientific and technological innovation and promote industrial upgrading and transformation.
Additional deduction of R&D expenses: For eligible small and micro enterprises, their R&D expenses can enjoy the preferential policy of additional deduction. This means that when calculating corporate income tax, enterprises can deduct R&D expenses to further reduce the tax burden. This move will stimulate the innovation vitality of small and micro enterprises, promote their technological progress and industrial upgrading.
Tax incentives for specific industries: The state has also introduced corresponding preferential tax policies for small and micro enterprises in specific industries. For example, for small and micro enterprises engaged in environmental protection, energy conservation and water conservation projects, the income obtained can enjoy the tax incentives of "three exemptions and three halves";For small and micro enterprises engaged in public infrastructure projects supported by the state, their investment and business income can enjoy the tax incentives of "three exemptions and three halves". These policies aim to encourage small and micro enterprises to play an active role in specific areas and promote economic development and social progress.
To sum up, the preferential tax policies for small and micro enterprises in 2023 cover both VAT and income tax. These policies not only reduce the tax burden of small and micro enterprises, but also stimulate their innovation vitality and promote their healthy development. We believe that with the support of national policies, small and micro enterprises will usher in better development prospects.