The Chinese Ministry of Finance announced that it will levy stamp duty signed a loan contract signed by financial institutions and small and micro enterprises to increase support for small and micro enterprises and boost economic recovery.
According to the official website of the Ministry of Finance of China, the General Administration of Taxation of the Ministry of Finance on Wednesday (August 2) issued an announcement on supporting tax policies related to small and micro enterprises.
The announcement pointed out that in order to continue to increase the support for small and micro enterprises, promote the relief of financing difficulties and expensive financing, it has issued small enterprises, micro -enterprises, and individual industrial and commercial households.Interest income is exempt from VAT; the borrowing contract signed by financial institutions with small enterprises and micro -enterprises is also exempted from stamp duty.
The small loan mentioned in the announcement refers to a small enterprise, micro enterprise or individual industrial and commercial household loan with a single household credit of less than 1 million yuan (RMB, the same below, about S $ 180,000).The period is executed until December 31, 2027.
The Ministry of Finance of China also announced that it has extended tax preferential tax preferential policies to technology startups with no more than 300 employees, total assets and annual sales revenue of not more than 50 million yuan.
The Chinese Ministry of Finance also issued an announcement on Tuesday (1) on Tuesday (1) of small VAT taxpayers to reduce the VAT policy.VAT.The small -scale taxpayer applies to the taxable sales income of a 3%levy rate, and reduces the value -added tax at the 1%levy rate; the pre -paid value -added tax item with a 3%pre -levy rate is applied to a pre -levied rate pre -paid pre -paid pre -payment for VAT.
On the same day, the Ministry of Finance of China also issued an announcement on continuing to implement the value -added tax policy for farmers, small and micro enterprises, and individual industrial and commercial households.The issuance of bonds to provide "guarantee income" obtained by financing guarantees, and "re -guarantee fees" obtained for the provision of re -guarantee guarantee for the above financing guarantee, which is exempt from value -added tax.The re -guarantee contract corresponds to multiple original guarantee contracts, and the original guarantee contract is also applicable to exempting VAT policies.
