A Number Of Tax Incentives Encourage Re Employment

At the State Council press conference held this morning, Hao Zhaocheng, deputy director general of the State Administration of Taxation, introduced a series of preferential tax policies to encourage laid-off and unemployed workers to re employment.

Hao Zhao Cheng said that the tax policies for encouraging and supporting laid-off and unemployed people to seek their own jobs and start their own businesses include: exemption from business tax, urban construction tax, education surcharge and personal income tax for laid-off workers who are engaged in self-employed businesses in 3 years.

In addition, the State Administration of Taxation has increased the threshold of business tax and value added tax. Laid-off workers are self employed and enjoy 3 years' exemption from tax treatment. If they fail to get the threshold of monthly turnover, they can still enjoy preferential tax treatment.

Hao Zhao Cheng said, encouraging and supporting enterprises to absorb laid-off and unemployed people's preferential tax policies. First, the newly established service enterprises will be exempt from business tax, urban construction tax, education surcharge and enterprise income tax policy within 3 years.

The condition is that the laid-off and unemployed workers should account for 30% or more of the total number of workers.

If the existing enterprises absorb less than 30% of laid-off workers, they will absorb 1% and 2% tax exemption according to the regulations.

This policy applies equally to new businesses and retail businesses.

However, new business retail enterprises can not enjoy preferential business tax, and other policies can be enjoyed.

Two is a preferential policy to reduce the income tax of 30% enterprises for the existing service enterprises and business enterprises (only engaged in retail business).

The conditions are equally absorbed. Laid-off workers should account for more than 30% of the total number of workers.

The existing enterprises can also receive a single laid-off and unemployed person for re employment and give a preferential tax policy of 2000 yuan per year for enterprise income tax.

The object of this policy is to engage in wholesale and commercial enterprises and processing enterprises.

Three, the large and medium-sized state-owned enterprises will be reorganized and reformed, and the surplus personnel should be relocated and resettled. If they meet the requirements, they will be exemption from the enterprise income tax for 3 years.

Hao Zhaocheng stressed that other policy provisions already implemented by the IRS were implemented as usual.

However, the old and new policy can only choose one, and can not be implemented in a cumulative manner.