Overview of the latest tax preferential policies
1. Tax incentives for land use of bulk commodity warehousing facilities for logistics enterprises: From January 1, 2023 to December 31, 2027, the urban land use tax for land used by logistics enterprises for their own or leased bulk commodity warehousing facilities will be levied at 50% of the applicable tax rate according to the land grade.
2. Income tax incentives for micro, small and individual businesses: For small and micro enterprises, the portion of the annual taxable income not exceeding 1 million yuan will be reduced by 25% and included in the taxable income, and corporate income tax will be levied at a rate of 20%; for individual businesses, the portion of the annual taxable income not exceeding 1 million yuan will be levied at half the rate of personal income tax based on the current preferential policies. This policy will be implemented from January 1, 2023 to December 31, 2024.
3. Pre-tax deduction policy for R&D expenses: For R&D expenses actually incurred by enterprises in R&D activities that have not formed intangible assets and are included in the current profit and loss, from January 1, 2023, an additional 100% of the actual amount will be deducted pre-tax; for those that have formed intangible assets, 200% of the intangible asset cost will be amortized pre-tax.
4. Preferential policies for employment security funds for the disabled: The tiered reduction policy for employment security funds for the disabled will continue to be implemented. Enterprises that arrange employment for the disabled at a rate of 1% or more will pay 50% of the prescribed fee; those with a rate below 1% will pay 90% of the prescribed fee. The policy will be implemented from January 1, 2023 to December 31, 2027.
5. Value-added tax exemption policy for small-scale taxpayers: Value-added tax will be exempted for small-scale taxpayers with monthly sales of less than 100,000 yuan (inclusive). The policy will be implemented until December 31, 2027.
6. Tax reduction and exemption policy for new energy vehicle purchase tax: New energy vehicles purchased between January 1, 2024 and December 31, 2025 will be exempted from vehicle purchase tax, with a maximum exemption of 30,000 yuan per new energy passenger vehicle; new energy vehicles purchased between January 1, 2026 and December 31, 2027 will be levied at half the vehicle purchase tax.
7. Value-added tax credit for advanced manufacturing industries: From January 1, 2023 to December 31, 2027, advanced manufacturing enterprises are allowed to add 5% to the current deductible input VAT and offset the payable VAT.
8. Reduction in securities transaction stamp tax: From August 28, 2023, the securities transaction stamp tax will be levied at half the rate to invigorate the capital market and boost investor confidence.
Reference:
[1]:https://www.sohu.com/a/748037135_121406410/
[2]:https://www.163.com/dy/article/IEBG2BBB0514CKH1.html#
[3]:https://www.163.com/dy/article/G4C4HLHJ0519R487.html
[4]:https://zhuanlan.zhihu.com/p/612817680
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