How can companies apply for and manage subsidies for key groups and go through the tax refund proces

Mondo Social Updated on 2024-02-01

At present, China's economic growth is steady, but the employment situation is still under pressure, and the employment problems of some key groups are more prominent. In response to this situation, a series of policies have been introduced to reduce the burden on special groups such as the unemployed and those lifted out of poverty by encouraging enterprises to provide more employment opportunities, and to achieve employment stability and social harmony.

1.The background of the policy refers to the reasons and background of the policy, and the scope of application refers to the scope and object of the policy. This policy applies to businesses engaged in VAT and corporate income tax.

2.Our focus is on the people targeted by our policies. People who have been lifted out of poverty, those who have been unemployed for more than half a year, fresh graduates, and veterans are all key groupsand can add up their quotas at the time of filing. However, if the same person is a person who has been lifted out of poverty, or a person who has been unemployed for more than half a year or a veteran, he or she can only choose one of them to enjoy the policy.

3.Application requirements: Enterprises must meet the following conditions: recruit individuals who are suitable for the status of poor households and recruit employeesSign a long-term employment contract for more than 1 year, in order to comply with the registration of poor persons in accordance with the lawFive social insurance contributions are requiredrequirements.

Subsidy programs for key populationsPolicy basisAs follows:

1.The Ministry of Finance, the State Administration of Taxation, the Ministry of Human Resources and Social Security, and the Office of Poverty Alleviation and Poverty Alleviation jointly issued a notice on tax policies to further support and promote entrepreneurship and employment of key groups (Cai Shui 2019 No. 22).

2.Announcement of the Ministry of Finance, the State Administration of Taxation, the Ministry of Human Resources and Social Security, and the National Rural Revitalization Administration on Extending the Implementation Period of Some Preferential Tax Policies for Poverty Alleviation (SAT Announcement No. 18 2021).

3.Announcement on Strengthening Tax Policy Support for Entrepreneurship and Employment of Key Groups (Ministry of Finance, State Administration of Taxation, Ministry of Human Resources and Social Security, Ministry of Agriculture and Rural Affairs, Announcement No. 15 [2023]).

Preferential policies for subsidies for key groups:

Eligible employees will receive a monthly stipendThe amount is 650 yuan。This subsidy includes a basic amount of 500 yuan and an additional 30% markup. According to the policy, this subsidy will be implemented for a long timeDuration of 36 months. One employee can receive a total subsidy of up to 23,400 yuan. (A veteran enterprise can receive a total subsidy of up to 27,000 yuan).

For example, if a company employs 200 key group personnel, then within three years, the company can receive a subsidy of up to 4.68 million yuan, which is also one of the effective ways to alleviate the financial pressure of the enterprise!

Key populationsHow to enjoy the subsidy:

Businesses can choose between two options:

The first is to deduct the monthly subsidy amount from the corresponding tax amount, and the second is to go through the corresponding tax refund procedures.

The priority of tax deductions is as follows:

We should think about VAT first, then the surtax, and finally the corporate income tax.

The time limit for policy enforcement refers to the start and end times specified in the policy.

From January 1, 2019, the policy will continue to be implemented until December 31, 2027.

Application process:

Step 1: Submit a list from your customers.

The client submits a list of the company's social security contributors, which is confidential and will only be used to help the company apply for subsidies for key groups.

Step 2: Personnel screening.

Use the key group system to screen people and verify that the employees on the list are in compliance with the policy.

Step 3: Sign the contract.

Confirm the partnership and start the service.

Step 4: Project declaration.

Tailor-made application plan for enterprises, start project declaration, and follow up the process throughout the process.

Step 5: The enterprise subsidy is received.

If the tax refund is successfully declared in the current month, the enterprise will enjoy the corresponding preferential tax policies and subsidies.

Company Profile. Our company was established in 2016 and is stationed in Wuhan, the capital city of Hubei Province, which is warm, open and prosperous. Founded by veterans from the Big Four international accounting firms and top BAT Internet companies, it is an innovative one-stop tax planning SaaS platform in China, and has offices in Shanghai, Shenzhen and other places. We serve enterprises (companies) in various fields such as processing, pan-construction, platform economy, logistics, personal studios, etc., and have provided professional financial and tax services for thousands of enterprises (companies).

Since last year, our company has focused on the tax rebate subsidy project for the employment of key groups, and strives to help more enterprises across the country successfully apply for subsidies during the bonus period of the project. [For details: 18 long 5512 cover a cover, V with the same number].

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