Small micro Enterprise Income tax concession to continue this year

Every reporter Zhouxiaofang from Beijing recently, the state Ministry of Finance and the State Administration of taxation jointly issued the "notice on the continued implementation of preferential policies for small meager profit Enterprises" (hereinafter referred to as notice) that, in order to consolidate and expand the impact of the international financial crisis, the small enterprises to promote economic development, increase employment and other aspects of the positive role　　2011 continue to implement small meager profit enterprise income tax preferential policy.　　The Ministry of Finance said that from January 1, 2011 to December 31, 2011, the annual taxable income of less than 30,000 yuan (including 30,000 yuan) of small profit enterprises, the income is reduced by 50% into taxable income, at 20% of the tax rate to pay enterprise income tax. In this respect, said the industry, this is the small meager profit before the enterprise income tax concessions a continuation.　　Liu Huan, deputy dean of the Tax Institute at the Central University of Finance and Economics, said that while the number of small businesses is large, the proportion of the total economy is not big enough to create a financial burden. According to Liu Heng's preliminary estimate, the implementation of this policy in 2010, the small profit-making enterprises to tax less than 5 billion yuan.　　Although this amount of money for the financial expenditure is not a very large number, but the small profit enterprises to alleviate the problem of financial crisis, through the great role.　　For the two departments announced in 2011 to continue the implementation of small meager profit enterprise income tax preferential policies, the people said, this is only the past policy is not to increase the continuation of the small profit enterprises should also be further reduced taxes. The small meager profit enterprise referred to in the notice refers to the small profit enterprise which conforms to the enterprise Income tax law of the People's Republic of China and its implementing regulations and relevant tax policies. Business people said that the new type of small and medium-sized enterprises after the introduction of standards, or more enterprises can enjoy tax concessions. Zheng, deputy director of the SME division of the Ministry of Industry and Information technology, has said publicly that the new standard of small and medium-sized enterprises will soon be introduced, and has solicited views from more than 20 departments, including the Federation of Federations and companies, and micro-enterprises would be included. It is understood that the current division of Small and medium-sized enterprises in accordance with the 2003 "SME Promotion Act" provisions, to the number of employees, sales, total assets of 3 indicators as the basis, and according to different industries in the indicators to make a subtle distinction. Micro-enterprises were not taken into account at that time.