1. What does inclusive small and micro enterprises mean?

Inclusive small and micro enterprises are exempt from the policy. Small and micro enterprises refer to enterprises that are engaged in industries that are not restricted or prohibited by the state, and have the same conditions of 1 million yuan, no more than 311 employees and no more than 51 million yuan in total assets.

According to the Notice of the Ministry of Finance and the State Administration of Taxation on Implementing the Policy of Inclusive Tax Reduction and Exemption for Small and Micro Enterprises (Caishui [2119] No.13), the annual taxable income of small and medium-sized enterprises from October 1, 2119 shall be reduced by 25% and included in the taxable income at the tax rate of 21%; For the part whose annual taxable income exceeds 3 million yuan, it will be included in the taxable income enterprise income tax at a reduced rate of 51% (equivalent to paying tax at 11%).

second, what is Xiaowei Pratt & Whitney?

is a financial platform, and the micro-inclusive finance intelligent service system established by Chongqing Bank can improve the construction of social credit system, optimize the business environment and enhance the financing availability of small and micro enterprises by sharing credit information with institutions such as the National Development and Reform Commission and the Tax Bureau. Especially during the epidemic, we developed mobile banking, WeChat banking and other channels to reach customers, and provided online financial services to assist small and micro enterprises to resume work and production.

3. What are the small and micro preferential policies for value-added tax?

According to the Notice on Implementing the Inclusive Tax Exemption Policy for Small and Micro Enterprises and the Announcement of State Taxation Administration of The People's Republic of China on Issues Concerning the Collection and Management of the Tax Exemption Policy for Small-scale Taxpayers

Small-scale taxpayers are exempted from VAT if their total monthly sales do not exceed 1,111 yuan (if the tax period is 1 quarter, the quarterly sales do not exceed 311,111 yuan).

if a small-scale taxpayer conducts taxable sales of value-added tax, and the total monthly sales amount exceeds RMB 1,111,111 yuan, but it does not exceed RMB 1,111 yuan after deducting the sales of real estate in the current period, the sales of goods, labor services, services and intangible assets will be exempted from value-added tax.

small-scale taxpayers who are subject to the VAT differential taxation policy shall determine whether they can enjoy the VAT exemption policy stipulated in this announcement based on the sales after the differential.

Small-scale taxpayers who pay taxes with a fixed term can choose 1 months or 1 quarters as the tax term. Once selected, it cannot be changed within one fiscal year.

the implementation period is from 1 October 2119 to 31 February 2121.

IV. What does inclusive small and micro enterprises mean?

Inclusive small and micro enterprises refer to the inclusive tax reduction and exemption policies given to small and micro enterprises by the state. Small and micro enterprises refer to enterprises engaged in industries that are not restricted or prohibited by the state, and meet the three conditions of annual taxable income not exceeding 3 million yuan, employees not exceeding 311 people and total assets not exceeding 51 million yuan.

According to the Notice of the Ministry of Finance and the State Administration of Taxation on Implementing the Policy of Inclusive Tax Relief for Small and Micro Enterprises (Caishui [2119] No.13), from October 1, 2119 to February 31, 2121, the portion of small and micro-profit enterprises whose annual taxable income does not exceed RMB 1 million will be included in the taxable income at a reduced rate of 25%, and the enterprise income tax will be paid at a rate of 21% (equivalent to For the part whose annual taxable income exceeds 1 million yuan, but not more than 3 million yuan, it is included in the taxable income at a reduced rate of 51%, and the enterprise income tax is paid at a rate of 21% (equivalent to paying taxes at 11%).