Venture capital Enterprises tax concessions

(Reporter Ye Jing correspondent Zhang) reporter from the city to understand that, in order to implement the venture capital enterprise income tax preferential policies to promote the development of venture capital enterprises, the State administration of taxation in accordance with the "People's Republic of China Enterprise Income Tax Law" (hereinafter referred to as Enterprise Income Tax law) and its implementation regulations,　　Notice on the implementation of the preferential income tax for venture capital enterprises (national tax Letter [2009]87) (notice), the relevant issues of income tax concessions for venture capital enterprises are clarified. How to determine the notification of venture capital Enterprises, venture capital Enterprise refers to the "interim measures for the management of venture capital Enterprises" (National Development and Reform Commission 10 of the 39th 2005, hereinafter referred to as "interim measures") and "foreign investment venture capital Enterprise management provisions"　　(Ministry of Commerce, etc. 5 ministries and departments of the 2nd 2003) in the People's Republic of China set up in the territory of enterprises specializing in venture capital activities or other economic organizations. Enjoy the tax concessions to have the conditions notice that the venture capital enterprises to invest in the way of investment in unlisted small and medium-sized High-tech Enterprises for 2 years (24 months) or more, where the following conditions, according to their investment in small and medium High-tech enterprises 70%,　　The amount of taxable income deducted from the venture capital enterprise in the year when the equity holder has been held for 2 years;　　The scope of business is in accordance with the provisions of the interim measures, and the industry and Commerce Register as "venture Capital limited Liability Company", "Venture Capital Co., Ltd." and other professional corporate venture capital enterprises.　　Ii. according to the conditions and procedures stipulated in the interim measures, the records are completed and the annual inspection and verification by the Record Management Department is in accordance with the relevant provisions of the interim measures. Third, small and medium-sized High-tech Enterprises invested by venture capital enterprises, in addition to the Ministry of Science and Technology, the Ministry of Finance, the State administration of taxation on the issuance of the "High-tech enterprises to determine the management measures" notice "(2008]172) and" on the issuance of the "High-tech enterprise certification Management Guidelines" notice "(National branch angry [　　2008]362, through the identification of High-tech enterprises, should also be in line with the number of workers not more than 500, the annual sales (operating) amount of not more than 200 million yuan, the total assets of not more than 200 million yuan of the conditions.　　However, by the end of 2007, according to the original provisions of High-tech enterprises to obtain the qualifications of small and medium-sized High-tech Enterprises, and in 2008 continue to meet the new High-tech enterprise standards, to its investment over 24 months of calculation, can be from the venture capital enterprises in actual time to invest in the calculation.　　(iv) Other conditions stipulated by the Ministry of Finance and the State administration of taxation.　　What information is submitted? The local tax department reminds, the venture capital enterprise applies to enjoy the investment deduction taxable income amount, shall submit the following information to the competent tax authorities before submitting an application for investment deduction of the annual tax return of taxable income: (a) The annual inspection certificate issued by the Record Management department (copy); (ii)A description of the investment operation of venture capital Enterprises; (iii) a copy of the investment contract or articles of Association of Medium and Small-sized High-tech Enterprises, the actual investment capital verification report and other related materials; (iv) The basic situation of medium and small-sized High-tech enterprises (including the number of employees, annual sales (business) amount, total assets, etc.); (v)　　The high-tech Enterprise Certificate (photocopy) issued by the management organization of the High-tech Enterprises in the municipality and the listed cities. In addition, the city's tax bureau said that after the small and medium-sized enterprises to accept the venture investment, according to the standards of High-tech enterprises, should be identified as High-tech enterprises from the year onwards, the calculation of the investment period of venture capital enterprises. In this period, SMEs accept venture investment, enterprise size exceeds the standards of SMEs, but still meet the standards of High-tech enterprises, does not affect venture capital enterprises to enjoy the relevant tax concessions.