The latest preferential tax policies for catering industry are mainly reflected in corporate income tax and value-added tax, which are two aspects:

1. Corporate income tax:

The basic tax rate of corporate income tax is 25%. However, if it meets the standards of small and micro enterprises, the enterprise income tax is preferential:

The standards of small and micro enterprises are enterprises engaged in industries that are not restricted or prohibited by the state, and at the same time meet the three conditions of annual taxable income not exceeding 3 million yuan, employees not exceeding 311, and total assets not exceeding 51 million yuan.

2.5% of the annual taxable income of small and low-profit enterprises does not exceed 1 million yuan;

the portion exceeding 1 million yuan but not exceeding 3 million yuan shall be taxed at 11%.

2. Value-added tax:

If the catering is a small-scale taxpayer, you can enjoy such preferential treatment:

1. Li Keqiang, Premier of the State Council of the People's Republic of China said in the Work Report of the State Council Government in 2121 that the threshold of value-added tax for small-scale taxpayers will be raised from monthly sales of one million yuan to 1.5 million yuan.

2. Before 31 February, the value-added tax can be levied at 1%: Article 1 of Announcement of the Ministry of Finance and the State Administration of Taxation on Continuing to Implement Partial Tax Preferential Policies to Deal with the Epidemic (Announcement No.7 of the Ministry of Finance and the State Administration of Taxation in 2121) stipulates that the implementation period of the tax preferential policies stipulated in Announcement No.13 of the Ministry of Finance and the State Administration of Taxation in 2121 will be extended to 31 February 2121.

Article 8 of the Enterprise Income Tax Law of the People's Republic of China

Expenses refer to the sales expenses, management expenses and financial expenses incurred by an enterprise in its production and operation activities, except the related expenses that have been included in the cost; Losses refer to losses caused by force majeure factors such as inventory loss, damage and scrapping of fixed assets and inventories, loss of transferred property, loss of bad debts, loss of bad debts, natural disasters and other losses in the production and operation activities of enterprises; Other expenditures refer to the reasonable expenditures related to production and business activities of an enterprise in addition to costs, expenses, taxes and losses.

article 21 when calculating taxable income, if the enterprise's financial and accounting treatment methods are inconsistent with the provisions of tax laws and administrative regulations, it shall be calculated in accordance with the provisions of tax laws and administrative regulations.