To support the development of small low-profit enterprises, the State Administration of Taxation issued a series of preferential tax policies for small low-profit enterprises, the summary of preferential tax policies are as below:
1. Preferential Policies on Enterprise Income Tax
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Tax Exemption |
The Conditions for Small Low-profit Enterprise |
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can enjoy the tax rate of 20% |
（1）Industrial Enterprise: Annual taxable income is less than RMB300,000, the employees are less than 100, the total assets are less than RMB30 million.
（2）Other Enterprise: Annual taxable income is less than RMB300,000, the employees are less than 80, the total assets are less than RMB10 million. |
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Reduced 50% on taxable income ,and pay enterprise income tax at the rate of 20% |
For the period from 1st January 2012 to 31th December 2015, the annual taxable income is less than RMB60,000 (including RMB60,000). |
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For the period from 1st January 2014 to 31th December 2016, the annual taxable income is less than RMB100,000 (including RMB100,000). |
2. Preferential Policies on VAT and Business Tax:
（1） Starting from August 1, 2013, the VAT Small-scale Taxpayer can enjoy VAT exemption if the monthly sales amount is less than RMB20,000. The Business Tax Taxpayer can enjoy business tax exemption if the monthly business amount is less than RMB20,000.
（2） Starting from October 1, 2014, the VAT Small-scale Taxpayer and the Business Tax Taxpayer can enjoy the tax exemption if the monthly business revenue is less than RMB30,000 (including RMB30,000). The taxpayer that files tax returns by the quarter and the quarterly business revenue is less than RMB90,000 can also enjoy the tax exemption.
Should you have any queries, please feel free to contact us .Thank You.
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