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Home >> Industry news >> The latest news of the enterprise income tax law of the People's Republic of China in 2019

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The latest news of the enterprise income tax law of the People's Republic of China in 2019
Source: | Author:shdaomai | Published time: 2019-03-08 | 98 Views | Share:
Enterprise income tax believe you boss must not unfamiliar, the national tax revenue important sources of one of the three types of taxes, the tax rate of enterprise income tax is commonly 25%, for the high-tech enterprises, small and mid-sized enterprise, advanced technology service enterprises shall be levied at a reduced rate of 15%, in order to let everybody understand the enterprise income tax preferential tax information, said Michael small make up today to organize the enterprise income tax law of the People's Republic of China in 2019 the latest news.



Article 25 the state shall give preferential treatment to enterprise income tax for the industries and projects it supports and encourages to develop.
Article 26 the following income of an enterprise shall be tax-free income:

(1) interest income from Treasury bonds;

(2) dividends, bonuses and other equity investment gains between qualified resident enterprises;

(3) dividends, bonuses and other equity investment gains derived by non-resident enterprises with establishments or sites in China from resident enterprises that have actual connections with such establishments or sites;

(4) income of qualified non-profit organizations.

Article 27 enterprise income tax may be exempted or reduced on the following incomes:

(1) income from engagement in agriculture, forestry, animal husbandry and fishery projects;

(2) income from investment in and operation of key public infrastructure projects supported by the state;

(3) income from qualified environmental protection, energy and water conservation projects;

(4) income from technology transfer that meets the requirements;

(5) income as provided for in paragraph 3 of article 3 of this law.

Article 28 the enterprise income tax shall be levied at a reduced rate of 20% on small and micro - profit enterprises that meet the requirements.

The enterprise income tax shall be levied at a reduced rate of 15% on the high and new technology enterprises that the state needs to give priority support to.

Article 29 the organs of self-government of the national autonomous areas may decide to reduce or exempt the share of the enterprise income tax payable by enterprises in their respective national autonomous areas that is Shared by the local authorities. If an autonomous prefecture or county decides to reduce or exempt the levy, it shall report to the people's government of the province, autonomous region or municipality directly under the central government for approval.

Article 30 an enterprise may, when calculating the taxable income amount, calculate and deduct the following expenditures:

(1) research and development expenses incurred in the development of new technologies, new products and new processes;

Wages paid to disabled persons or other employees encouraged to find employment by the state.

Article 31 a venture capital enterprise engaging in venture capital investment that needs to be supported and encouraged by the state may deduct a certain proportion of the amount of investment from the taxable income amount.

Article 32 where accelerated depreciation is really necessary for the fixed assets of an enterprise due to technological progress or other reasons, the term of depreciation may be shortened or accelerated depreciation may be adopted.

Article 33 the income derived by an enterprise from the production of products in conformity with the provisions of the industrial policy of the state through the comprehensive utilization of resources may be deducted from the taxable income amount.

Article 34 the amount of investment of an enterprise in purchasing special equipment for environmental protection, energy and water conservation, production safety, etc., may be credited according to a certain proportion.

Article 35 the specific measures for tax preferences provided for in this law shall be formulated by the state council.

Article 36 where, in accordance with the needs of national economic and social development or due to emergencies or other reasons, the enterprise's business activities are significantly affected, the state council may formulate special preferential policies for enterprise income tax and report them to the standing committee of the National People's Congress for the record.