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Wenzhou City Finance Bureau To Help Small And Micro Enterprises Tax Relief

2011/10/12 15:25:00 45

Tax Relief In Wenzhou Finance Bureau

Wenzhou City Finance Bureau recently launched 17 new regulations to help face

Management

Troubled local SMEs.

The content of the new regulation is mainly aimed at merger and reorganization of enterprises and the reduction or exemption of some taxes on small and micro enterprises.

Zhejiang's IRS has also studied the reform of the short and long term tax system, focusing on reducing taxes and increasing competitiveness of SMEs.


About Wenzhou's tax cuts to save SMEs, including small profits enterprises reduce 50% taxable income, according to the 20% tax rate to pay enterprises.

Income tax

Profits and losses amount to more than 20% of the registered capital, and the special funds for water conservancy construction will be reduced as appropriate. In the 1-3 years from the date of the new hi-tech enterprises, the special funds for water conservancy construction will be exempted. The enterprises that have identified the comprehensive utilization of resources can reduce and exempt the special funds for water conservancy construction to be paid.


It is reported that Zhejiang intends to impose no business tax on the enterprises that are annexed and restructured.

debt

At the same time, workers should also be accepted. There is no business tax to be restructured within the enterprise. The pfer of real estate and land use rights involved in the pfer of stock rights is not subject to business tax, and the ownership of land and housing will not be pferred, nor will the tax be levied.


 
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