Under the 2020 pandemic

Many small and micro enterprises and individual businesses have been impacted

To help them overcome difficulties

In the past six months, multiple departments of the State Council have successively introduced policies

Involving various aspects such as rent, taxes, financing, and operating costs

Let's take a look together——

The tax reduction and fee reduction policy that expires before June - postponed until the end of the year!

The tax and fee reduction policies that will expire before June were introduced in the early stage, including exemption from the payment of pension, unemployment, and work-related injury insurance units for small and medium-sized enterprises, exemption from value-added tax for small-scale taxpayers, exemption from value-added tax for services such as public transportation, catering and accommodation, tourism and entertainment, cultural and sports, and exemption from civil aviation development funds and port construction fees. The implementation period will be extended until the end of this year.

Reduce social security fees for small and medium-sized enterprises - extend until the end of the year!

The Ministry of Human Resources and Social Security and other three departments have issued a notice that the policy of exempting small and medium-sized enterprises from the three social insurance unit contributions in each province will be extended until the end of December 2020. Enterprises facing serious difficulties in production and operation due to the impact of the epidemic can continue to delay payment of social insurance premiums until the end of December 2020, and no late fees will be charged during the delay period.

Small and micro enterprises, individual income tax - postponed until next year

The State Administration of Taxation has issued a notice clarifying that from May 1, 2020 to December 31, 2020, small and low-profit enterprises can temporarily suspend the payment of current corporate income tax after completing the pre payment declaration according to regulations in the remaining declaration period of 2020, and postpone the payment to the first declaration period of 2021; After individual industrial and commercial households complete their personal income tax and business income tax declaration in accordance with regulations during the remaining declaration period in 2020, they can temporarily suspend the payment of personal income tax for the current period and delay payment until the first declaration period in 2021.

Small scale taxpayers' value-added tax - reduction!

The Ministry of Finance and the State Administration of Taxation have issued a notice extending the implementation period of the value-added tax policy that previously supported the resumption of work and business for individual businesses and small and micro enterprises to December 31, 2020.

According to the previous announcement issued by the two departments, from March 1 to May 31, 2020, small-scale taxpayers of value-added tax in Hubei Province will be exempt from value-added tax by applying a taxable sales income rate of 3%; For pre paid value-added tax projects with a 3% pre tax rate, pre paid value-added tax will be suspended. Except for Hubei Province, small-scale taxpayers of value-added tax in other provinces, autonomous regions, and municipalities directly under the central government shall apply a taxable sales income rate of 3%, and value-added tax shall be levied at a reduced rate of 1%; For pre paid value-added tax projects with a 3% pre tax rate, the pre paid value-added tax rate will be reduced by 1%.

Individual social security fees - reduction, deferred payment!

The State Administration for Market Regulation and six other departments have issued guidance that individual industrial and commercial households with employed workers who participate in enterprise employee pension insurance, unemployment insurance, and work-related injury insurance as units can enjoy the policies of unit payment reduction and deferment.

Individual industrial and commercial households who voluntarily participate in enterprise employee basic pension insurance or resident pension insurance as individuals can independently choose the payment base (level) and payment time according to regulations within the year.

Establish a long-term mechanism to reduce the tax burden on small and micro enterprises!

Implement tax policies that are conducive to the development of small and micro enterprises, and implement measures such as deferring, reducing, and exempting enterprise income tax and value-added tax for eligible small and micro enterprises in accordance with regulations, simplifying tax collection and management procedures; Implement preferential policies such as reduction or exemption of administrative fees for small and micro enterprises to reduce their tax burden.