![]() |
More Preferential Income Tax for Low-Profit Small Businesses
11 September 2015
The Ministry of Finance and the State Administration of Taxation issued the Circular on Further Expanding the Scope of Enterprise Income Tax Preferential Policy for Low-Profit Small Enterprises (Cai Shui No. 99 [2015]) in September 2015 to help low-profit small businesses play a bigger role in promoting economic development.
From 1 October 2015 to 31 December 2017, low-profit small enterprises with an annual taxable income of between Rmb200,000 and Rmb300,000 will be allowed to calculate their taxable income at 50% of their actual income and pay enterprise income tax at a rate of 20%. The low-profit small enterprises mentioned in this circular refer to low-profit small enterprises that meet the conditions prescribed in the Enterprise Income Tax of the People's Republic of China and its implementation rules.
See full text of the Circular in Chinese.
- Mainland China
- Mainland China