Tax relief for over 85% of micro firms
Print Edition
MORE than 85 percent of China’s small and micro companies will enjoy preferential taxes as the government has extended tax breaks to boost economic vitality, the State Administration of Taxation said yesterday.
The rate was up from the previous 26 percent after the government decided earlier this month to raise the threshold up to 100,000 yuan (US$16,000) from 60,000 yuan, the SAT said.
According to the SAT, any company with annual taxable income under 100,000 yuan will have its business income tax halved from January 1, this year, till the end of 2016.
Small and micro-sized enterprises have played a leading role in generating jobs in China. More than 70 percent of new jobs are created by 11.7 million such operations, a report released by the State Administration for Industry and Commerce said.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
