Current location - Recipe Complete Network - Catering franchise - Policy Basis for Income Tax Relief (Four Harms in Industry)
Policy Basis for Income Tax Relief (Four Harms in Industry)
According to the Notice of State Taxation Administration of The People's Republic of China, Ministry of Finance of People's Republic of China (PRC) on Some Preferential Policies for Enterprise Income Tax (Caishui [1994] 1No.)

Article 2, paragraph 5, newly established enterprises or business units engaged in independent accounting, such as public utilities, commerce, materials industry, foreign trade industry, tourism, warehousing industry, residential service industry, catering industry, educational and cultural undertakings and public health undertakings, may have their income tax reduced or exempted for one year with the approval of the competent tax authorities.

Seventh newly established labor employment service enterprises, when the proportion of unemployed people in cities and towns reached the prescribed proportion, can be reduced or exempted from income tax in proportion within three years.