State Administration Of Taxation: The Value Added Tax Threshold Of Small And Micro Enterprises Has Been Raised To 100 Thousand Yuan.

The State Administration of Taxation issued 19 guidelines on tax incentives for public entrepreneurship and innovation. The guide has collected 89 preferential tax policies and measures that have been launched in the main links and key areas of innovation and entrepreneurship as of June 2019, covering the entire life cycle of enterprises from start-up to development. Among them, there are 78 tax incentives since 2013.

In promoting entrepreneurship and employment, the scope of tax reduction of small and small profits has been gradually expanded from less than 300 thousand yuan of annual taxable income to less than 3 million yuan. The starting point of VAT has increased from 30 thousand yuan to 100 thousand yuan. The policy of entrepreneurship and employment of key groups such as college graduates and ex servicemen has been "extended to the standard", and the poor population of filing cards has been included in the policy area.

In the field of encouraging scientific and technological innovation, one is to further promote the incubating of innovation subject. The subject of science and technology business incubator and University Science Park exempt from value-added tax, property tax and urban land use tax policy have been extended to the provincial incubator, University Science Park and the national record space; venture capital enterprises and the individual income tax policy of angel investment have been promoted to the national implementation. The two is to further promote the aggregation of venture capital, and the single line of credit from the financial institutions to the small and micro enterprises and individual industrial and commercial households to borrow interest from the value-added tax has been expanded from 100 thousand yuan to 10 million yuan; the financial institutions and the small and micro enterprises have signed the loan contract to exempt stamp duty. The three is to further promote the accumulation of innovative talents, and to reduce personal income tax on the cash rewards of spanformation of titles of scientific and technological achievements. Four, in order to further promote the improvement of innovation capability, the deduction of research and development expenses increased gradually, and the R & D expenses entrusted by enterprises were included in the deduction range. The R & D expenses of all enterprises were increased from 50% to 75%, and the accelerated depreciation policy of fixed assets has been extended to all manufacturing industries. Five, in order to further promote the development of innovative industries, the application conditions of preferential tax policies for software and IC enterprises are further relaxed.