Introduction Of Enterprise Income Tax Preferential Policies Will Be 18% Of The Execution

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State Department recently released "The State Council on the implementation of the Transitional Preferential Policies of Enterprise Income Tax notice" requirement, since January 1, 2008, the original companies to enjoy preferential low tax rates in the 5 years after the implementation of the new tax law gradually transition to the tax rate; the original to enjoy enterprise income tax of "two reductions and three half" and "five five half-free" and regular reduction of tax concessions to companies, the new tax law comes into force, continue with the original tax Law , Administrative regulations and related documents at a favorable way and enjoy life to the expiration date, but did not enjoy the tax benefits but not yet profitable, and its preferential period starting from 2008; Western development enterprise income tax preferential policies will be continued.

Together with the notice published in the "implementation of the transitional preferential enterprise income tax table" also shows that, when the former tax laws, administrative regulations and administrative rules and regulations binding document with 30 items, these offers are mainly previous concessions and some regions Foreign tax concessions.

2008 implementation of preferential tax rate by 18%

Notification requirements, since January 1, 2008, the original company to enjoy the preferential policies of low tax rates, new tax laws in the 5 years after the implementation of a gradual transition to the statutory tax rate. Among them, enjoy corporate income tax rate of 15% of the company, in 2008 the tax rate by 18% in 2009, the tax rate by 20% in 2010 by 22% in 2011, the tax rate of 24%, in 2012 the tax rate by 25% ; of the original tax rate of 24% of enterprises, since 2008 the tax rate of 25%.

From January 1, 2008, the former enjoy the enterprise income tax of "two reductions and three half" and "five five half-free" and regular reduction of tax concessions to business, the new tax law comes into force, continue with the original tax laws and administrative regulations and related documents at a favorable way and enjoy life to the expiration date, but did not enjoy the tax benefits but not yet profitable, and its preferential period starting from 2008.

Notice said, enjoy the transitional preferential policies of the enterprise, is March 16, 2007 prior to registration by the industrial and commercial Management Registration authorities to establish the enterprise; the implementation of projects and scope of the transitional preferential policies in accordance with "the implementation of the transitional preferential enterprise income tax table" implementation.

Notice emphasized that the transitional preferential policies with the new Enterprise Income Tax Law and Implementation Regulations of the Preferential Policies cross by the enterprise to choose the most favorable policy implementation, not superimposed to enjoy, and once selected, shall not be changed.

30 existing preferential policies have "extended"

"Implementation of the transitional preferential enterprise income tax table" that can be designated to enjoy transitional preferential tax of 30 of the original laws, administrative regulations and the effectiveness of the document with the administrative rules and regulations. These files are specific to a foreign part of the concessions, some are foreign concessions in the SAR, and some are specific to particular regions of incentives.

Which incentives specifically for foreign-funded enterprises include the production of foreign Investment Enterprises operate for a period of more than ten years, the annual profit from the beginning, the first and second year exemption from enterprise income tax, the third to fifth year of income tax and so on.

Foreign concessions in the SAR, including, in the special economic zones for foreign-invested enterprises in special economic zones set up institutions or establishments engaged in production and operation of foreign enterprises and economic and technological development zones in productive enterprises with foreign investment, 15% reduction in income tax; established in Shanghai Pudong New Area of productive foreign-invested enterprises, as well as in airports, Port , Railways, highways, power plants and other energy and transportation construction projects of foreign-invested enterprises pay a 15% rate for corporate income tax.

Also, there are a regional preferential measures, such as, Guangdong Province Shenzhen, Zhuhai, Shantou Special Economic Zone of the corporate income tax rate of 15% and so on.

Notice also states that "the State Council on the implementation of the" Nationalism and long-term scientific and technological development (2006-2020) a number of supporting policies to inform the> "provisions of incentives, namely," a new national high-tech industrial development zone established strictly determined by high-tech enterprises, the annual profit within two years from the income tax exemption, "according to the transitional preferential policies are implemented.

Introduction Of Enterprise Income Tax Preferential Policies Will Be 18% Of The Execution

By: dpdp

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