For small and micro profit enterprises with an annual taxable income not exceeding 1 million yuan, the enterprise income tax will be halved on the basis of the current preferential policies
Sending agency: Ministry of Finance, State Administration of Taxation Delivery time: 2021-04-22
From January 1, 2021 to December 31, 2022, for small and micro profit enterprises with an annual taxable income not exceeding 1 million yuan, on the basis of the preferential policies stipulated in Article 2 of the "Notice of the Ministry of Finance and the State Administration of Taxation on Implementing Inclusive Tax Reduction and Exemption Policies for Small and Micro Enterprises" (Caishui [2019] No. 13), the enterprise income tax will be halved. According to Article 2 of the "Notice of the Ministry of Finance and the State Administration of Taxation on Implementing the Inclusive Tax Reduction and Exemption Policy for Small and Micro Enterprises" (Caishui [2019] No. 13), the portion of the annual taxable income of small and micro profit enterprises that does not exceed 1 million yuan shall be reduced by 25% and included in the taxable income, and the enterprise income tax shall be paid at a rate of 20%.
