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    The Policy Of "Supporting The Micro" Is Intensive &Nbsp; Financial Institutions And Small And Micro Enterprises Are Exempt From Stamp Duty.

    2011/11/10 11:47:00 24

    This year, many small and micro

    enterprise

    Facing the test of survival, the problems of financing and tax burden are serious.

    On October 12th, Premier Wen Jiabao chaired a State Council executive meeting to study and identify financial, fiscal and tax policies and measures to support the development of small and micro enterprises.

    Since then, relevant measures have been introduced, such as the signing of loan contracts for financial institutions and small micro enterprises, and the Levy of 17% tax on eligible software products.

    Value added tax

    After that, the part of the value-added tax actually exceeds 3% of the tax burden.


    On October 26th, the Executive Council of the State Council pointed out that in order to further solve the problem of repeated taxation in the tax system of goods and services, improve the tax system and support the development of modern service industry, the conference decided to deepen value-added tax in some areas and industries from January 1, 2012 onwards.

    system

    Reform pilot, and gradually levy the business tax on the industry instead of VAT.


    The industry believes that the new round of value-added tax reform will help reduce the tax burden of small and medium-sized enterprises, especially service industries, and further promote industrial restructuring.


    "From the perspective of historical experience, the most effective way to reduce the burden on enterprises is to directly reduce the tax burden standard."

    Observers said, "the increase of the value added tax and business tax threshold has obvious pertinence to small and micro enterprises, and will directly alleviate the survival difficulties of such enterprises, and I believe it can play an immediate effect."

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