Announcement on Multiple Tax Preferential Policies Issued to Support the Development of Market Entities | Enterprises | Preferential Policies
CCTV News: The Ministry of Finance and the State Administration of Taxation announced on August 2nd that they will continue to increase their support for small and micro enterprises. Provisions have been made for tax incentives for eligible small and micro enterprises, individual businesses, and other business entities, which will be implemented until the end of 2027.
According to the announcement, in order to support financing for small and micro enterprises and individual businesses, interest income obtained from small loans issued by financial institutions to small and micro enterprises and individual businesses that meet relevant conditions is exempt from value-added tax.
To further support the financing of farmers, small and micro enterprises, and individual businesses, taxpayers are exempt from value-added tax on the guarantee fee income obtained from borrowing and issuing bonds to provide financing guarantees for farmers, small and micro enterprises, and individual businesses, as well as the re guarantee premium income obtained from providing re guarantees for these financing guarantees.
Continue the value-added tax reduction and exemption policy for small-scale taxpayers, and exempt value-added tax for small-scale taxpayers with monthly sales of 100000 yuan or less.
At the same time, in order to further support entrepreneurship and innovation, tax policies for venture capital enterprises and angel investors investing in start-ups in technology-based enterprises will continue until December 31, 2027.