Ministry Of Finance: New Measures To Support Small And Micro Enterprises Will Be Introduced This Year.
Xie Xuren, Minister of finance, said in March 6th that the fiscal and tax preferential policies for small and micro enterprises will be implemented in 2012.
Small and micro enterprises will also introduce new measures, mainly the continuation of existing policies, including fiscal and tax incentives, increasing the scale of support funds, setting up special development funds, and clearing unreasonable expenses.
Xie Xuren at the five session of the eleven National People's Congress
News
At the press conference held by the center, we said that we should promote the pilot work of changing business tax to value added tax and improve the structural tax reduction policy.
Increase the scale of special funds to support the development of small and micro enterprises, and support small and micro enterprises to promote structural adjustment and scientific and technological progress.
Since 2011, the State Council has issued a series of preferential taxation policies for small and micro enterprises.
Such as the expansion of small and micro enterprises to support the scale of special funds.
In 2011, the central budget was allocated for small and medium enterprises, especially small and micro enterprises.
enterprise
We will develop a special fund of 12 billion 870 million yuan, focusing on structural adjustment, industrial upgrading and technological progress of small and medium enterprises.
In the second half of last year, the State Council raised small and micro businesses and individual businesses.
Pay
The starting point of VAT and business tax is to extend the income tax of small and micro enterprises to half of 2015.
The tax threshold for corporate income tax has increased from 30 thousand yuan to 60 thousand yuan.
In addition, we should adjust the scope of tax payable for the production and operation of individual industrial and commercial households.
Xie Xuren said that the National SME development fund decided in February 2012 will guide local, venture capital enterprises and other social capital to increase support for small and micro enterprises.
He also referred to continuing research to support the financing guarantee industry in regulating healthy development policies and measures, and increasing guidance to financial institutions.
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