The following announcement was released on the 14th of March, 2022, by the Ministry of Finance and the State Administration of Taxation. The announcement was published on their official website on March 18, 2022. To access the original Article, scroll to the end of the article, and Scan the QR Code to follow the link to the Government Website.
“ANNOUNCEMENT ON IMPLEMENTING FURTHER PREFERENTIAL INCOME TAX POLICIES FOR SMALL AND MICRO ENTERPRISES”
In order to further support the development of small and micro enterprises, the relevant tax policies are hereby announced as follows:
1. For small and low-profit enterprises whose annual taxable income exceeds 1 million yuan but not more than 3 million yuan, a 25% reduction is included in the taxable income, and the enterprise income tax is paid at the rate of 20%.
2. The term “small and low-profit enterprises” as mentioned in this announcement refers to those engaged in industries that are not restricted or prohibited by the state, and meet the three conditions：
- Annual taxable income not exceeding 3 million yuan;
- Employees not exceeding 300;
- Total assets not exceeding 50 million yuan.
The number of employees, including the number of employees who have established labor relations with the enterprise and the number of dispatched workers accepted by the enterprise. The so-called indicators of employees and total assets shall be determined according to the quarterly average value of the enterprise throughout the year.
The specific calculation formula is as follows:
Quarterly average = (quarter value + quarter end value) ÷ 2
The quarterly average of the year = the sum of the quarterly averages of the year ÷ 4
In case of opening or terminating business activities in the middle of the year, the actual operating period shall be regarded as a tax year to determine the above-mentioned relevant indicators.
3. The implementation period of this announcement is from January 1, 2022 to December 31, 2024.
Release Date: March 18, 2022
Ministry of Finance and State Administration of Taxation
March 14, 2022
The Article In Chinese from original source:
关于进一步实施小微企业所得税优惠政策的公告
财政部 税务总局公告2022年第13号
为进一步支持小微企业发展，现将有关税收政策公告如下：
一、对小型微利企业年应纳税所得额超过100万元但不超过300万元的部分，减按25%计入应纳税所得额，按20%的税率缴纳企业所得税。
二、本公告所称小型微利企业，是指从事国家非限制和禁止行业，且同时符合年度应纳税所得额不超过300万元、从业人数不超过300人、资产总额不超过5000万元等三个条件的企业。
从业人数，包括与企业建立劳动关系的职工人数和企业接受的劳务派遣用工人数。所称从业人数和资产总额指标，应按企业全年的季度平均值确定。具体计算公式如下：
季度平均值＝（季初值＋季末值）÷2
全年季度平均值＝全年各季度平均值之和÷4
年度中间开业或者终止经营活动的，以其实际经营期作为一个纳税年度确定上述相关指标。
三、本公告执行期限为2022年1月1日至2024年12月31日。
特此公告。
财政部 税务总局
2022年3月14日
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