Guangdong Has Introduced 16 Preferential Tax Policies To Lighten The Burden Of Enterprises

Nearly 50% VAT taxpayers will not be required to pay.

The "56 points" clearly raise the threshold of Guangdong's value-added tax to the highest level in the country, that is, the value added tax threshold for goods sales and sales of taxable services is 20000 yuan for monthly sales and 500 yuan for each (day) sale.

In terms of business tax, its threshold has also been raised to the highest level in the country, that is, the monthly turnover is 20000 yuan on schedule, and 500 yuan for each time (day).

The reporter learned from the Guangdong State Administration of taxation that, according to this standard, the number of taxpayers below the threshold of Guangdong will increase from 320 thousand to 830 thousand, and 48% of VAT taxpayers will not be required to pay taxes, and the preferential tax amount is 1 billion 543 million yuan.

Under the new standard, there will be a large number of small VAT taxpayers in Guangdong province below the threshold and no need to pay taxes.

The head of Guangdong's State Administration of Taxation also said that the policy had a more significant effect on preferential policies in eastern Guangdong, Western and northern regions with relatively backward economic development level, such as the vast majority of small-scale taxpayers in Meizhou and Zhanjiang had no need to pay taxes, and the preferential coverage was very wide.

In terms of business tax, according to the director of the Guangdong provincial land tax bureau, after the threshold has been raised to 20000 yuan, 1 million 956 thousand and 300 individual businesses and other individuals will benefit from the province, accounting for 95.5% of the proportion of individual businesses and other individuals before the adjustment. The income tax of individual business operators in the province will be reduced by 1 billion 780 million yuan, accounting for 10.8% of the total revenue of individual industrial and commercial households in 2010.

5 million tax exemption for pfer of Technology

The 56 item has also defined a number of preferential policies for the corporate income tax which is closely related to every enterprise.

For small small profit enterprises whose annual taxable income does not exceed 60 thousand yuan, their income shall be reduced to 50% of the taxable income and the enterprise income tax shall be paid at 20% tax rate.

The income from technology pfer of small and medium-sized enterprises, which is not more than 5 million yuan in a tax year, shall be exempted from enterprise income tax, and the enterprise income tax shall be levied on the part exceeding 5 million yuan.

Small and medium-sized enterprises engaged in agriculture, forestry, animal husbandry and fishery items are also exempt from or reduced to enterprise income tax according to the regulations.

Referring to previous similar policy results, the provincial and provincial government officials told reporters that the number of enterprises that will benefit from the province will continue to rise in 2012 and the tax related amount will continue to expand.

Statistics show that in 2011, the total amount of tax revenue in the province was reduced by 17 billion 800 million yuan, of which the modern service industry was 23.6% more than in 2010. The proportion of the advanced manufacturing industry in the manufacturing sector was 8.6% more than that in 2010.

In addition, the number of enterprises enjoying preferential tax policies in strategic emerging industries is 6.3% more than that in 2010.

In addition, the "56 articles" also emphasize reducing the tax burden of small and medium enterprises.

Not long ago, Guangdong issued the circular on pmitting the Ministry of finance's national development and Reform Commission on the exemption of some administrative and institutional fees from small and micro enterprises. From January 1, 2012 to December 31, 2014, small and micro enterprises were exempted from 22 national administrative and administrative charges, and 5 administrative fees were removed and exempted.

Reporters learned from the Provincial Department of finance, in 2012, our province will further clean up the existing provincial administrative fees, reduce charges related to enterprises, reduce the burden on enterprises.

The Guangdong provincial government recently promulgated some policy measures to support the development of small and medium-sized enterprises in 2012 (hereinafter referred to as the "56 articles"), involving up to 16 preferential tax policies.

The director of the Bureau of small and medium-sized enterprises of Guangdong province said that the biggest highlight of the "56 items" is the tax preference. "This is the specific regulation based on the local situation on the basis of the national policy, and the measures for tax relief are of particular concern."

The reporter noted that the "56 item" in terms of tax preferences, the highest level of monthly sales or turnover of 5000-20000 yuan and the limit of 300-500 yuan per day (day) sales or turnover were selected for the threshold of value-added tax and business tax with a range of options, namely, 20000 yuan per month or 500 yuan per day (500 yuan per day) as the starting point, with a larger discount rate, which is in line with the relatively advanced economic development in Guangdong and the difficulties of small and medium-sized enterprises.