Implement preferential tax policies for key groups, and enterprises enjoy high subsidies

Mondo Finance Updated on 2024-02-20

In this era, the trend of entrepreneurship has swept the whole people, and innovation has become the goal pursued by everyone. More and more young people are choosing to embark on the path of entrepreneurship. The state has also introduced policies to support entrepreneurship and employment for some key groups. For example, people who have been unemployed for more than half a year and registered with the social security department, people who have been lifted out of poverty with a card, people who enjoy the subsistence allowance and college student entrepreneurs can enjoy the preferential tax policies provided by **. So what are the specific benefits? Let me answer for you.

The preferential tax policies for entrepreneurship and employment of key groups include the following:

1.Tax reduction and exemption for individual entrepreneurs: For individual entrepreneurs who hold the "Employment and Entrepreneurship Certificate", within the first three years of starting a business, the tax payable in the current year can be deducted according to the standard of 24,000 yuan per household per year.

2.Tax exemption and exemption for enterprises to absorb key employment groups: If an enterprise employs key employment groups specified by the state, including those who have been lifted out of poverty and hold an Employment and Entrepreneurship Certificate or an Employment and Unemployment Registration Certificate, they can enjoy a tax subsidy of RMB 7,800 per person per year, and a single person can enjoy it for up to 3 years. This policy will be implemented from January 1, 2019 to December 31, 2027.

Here's an exampleIf a company has 200 people lifted out of poverty, the company can receive a total subsidy of 1.56 million yuan based on 7,800 yuan per person per month. The subsidy standard is for three years, with a total amount of up to 4.68 million yuan, providing strong support for 200 eligible employees.

Legal basis

Announcement of the Ministry of Finance, the State Administration of Taxation, the Ministry of Human Resources and Social Security, and the Ministry of Agriculture and Rural Affairs on Further Supporting and Promoting Tax Policies for Entrepreneurship and Employment of Key Groups (No. 15 [2023]).

According to the joint notice and announcement of the Ministry of Finance, the State Administration of Taxation and the human resources department of China, specific explanations and provisions have been made on the preferential tax policies for key groups to start businesses.

China is committed to solving the employment problem and encouraging people to actively participate in entrepreneurial activities, so it has implemented a number of preferential policies to support innovation and entrepreneurship. The Ministry of Finance, the Ministry of Human Resources and the Ministry of Taxation have jointly issued tax subsidies and preferential policies for key groups of entrepreneurship and employment.

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