Industrial And Commercial Tax: Planning Of Preferential Policies

The current enterprise income tax law has consolidated the income tax rate of domestic and foreign enterprises to 25%, 8 percentage points lower than the original provisional regulations.

In addition, the preferential tax rates for the two files are 15% and 20% respectively.

Therefore, enterprises can choose the most suitable enterprise income tax planning plan according to their own circumstances.

It is reasonable to select enterprises to enjoy preferential tax reduction and exemption year, so that the concessional year of enterprises can be distributed in the maximum profit year of enterprises, so as to maximize tax savings.

For a newly established enterprise, if it is less than 6 months' actual production and operation for the mid term opening year, it may apply to the competent tax authority to choose to pay enterprise income tax on the current income, and the execution period of reduction or exemption from enterprise income tax may be postponed to the next year.

If the newly established enterprises that meet the conditions of reduction and exemption are less than 6 months of actual operation, and can predict that the economic benefits of second years will be better than those of the previous year, they can choose second years as tax-free years and enjoy more preferential treatment.

Since the reform and opening up, the state has formulated different tax policies for different regions in order to adapt to the different situations in different regions, thus providing space for tax planning in investment areas.

In addition to considering the routine factors such as the hard environment of the investment location, the tax differences in different locations should also be taken into consideration.

As the most important economic lever, taxation embodies the state's economic policies and tax policies.

Therefore, investors should choose a regional investment plan that can lighten the tax burden of enterprises and maximize the economic benefits of enterprises, and make investment decisions.

The current tax system has formulated different tax policies for different taxpayers of investment projects.

The types of enterprises that the state conducts tax leaning are those of high and new technology enterprises headed by the State Science and Technology Commission, welfare enterprises organized by civil affairs departments, welfare production units set up by streets, enterprises that resettle "four disabled" personnel, enterprises organized by water conservancy departments, and enterprises organized by agricultural departments.

At the same time, the tax law also implements preferential tax policies for the following products: for the development projects of the third industry, the income tax can be reduced or exempted according to industrial policies within a certain period; new enterprises in the "old, small, marginal and poor" areas can be reduced or exempted from income tax within 3 years; the pfer of technology from enterprises and institutions, and the technical consultation, technical services and technical training related to the pfer of technology in the process of technology pfer, with annual net income below 300 thousand yuan, shall be temporarily exempted from income tax.

Investors should comprehensively consider the target investment projects and combine the preferential tax policies to plan rationally.