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How much can your company benefit from the 200 billion yuan tax reduction policy?
On January 17, 2019, the Ministry of Finance and the State Administration of Taxation issued the Notice on Implementing the Inclusive Tax Deduction Policy for Small and Micro Enterprises. Since January 1st, the tax reduction policy has been tentatively set for three years. It is estimated that the annual reduction of small and micro enterprises will be about 200 billion yuan. So how much will small micro-printing companies benefit?
1. The meeting on the introduction of new inclusive tax cuts for small and micro enterprises pointed out that it is very important to implement the spirit of the Central Economic Work Conference and maintain a reasonable range of economic operations this year, and strive to achieve a smooth start in the first quarter. Must be multi-pronged. Develop a small and micro-enterprise relationship, stable economic operation and stable employment. The meeting decided to introduce new inclusive tax cuts for small and micro enterprises.
1 Significantly relax the standard of small-scale and low-profit enterprises that can enjoy corporate income tax concessions, and increase the income tax concessions. For the small-profit enterprises, the annual taxable income will not exceed 1 million yuan, and the amount of 1 million yuan to 3 million yuan will be reduced by 25 respectively. % and 50% are included in the taxable income, reducing the tax burden to 5% and 10%. The adjusted preferential policy will cover more than 95% of taxpaying enterprises, 98% of which are private enterprises.
2 For small-scale taxpayers, mainly including small and micro enterprises, individual industrial and commercial households and other individuals, the VAT threshold will be raised from monthly sales of 30,000 yuan to 100,000 yuan.
3 Allowing the governments of the provinces (autonomous regions and municipalities) to reduce the local taxes and education fees such as resource taxes, urban maintenance and construction taxes, stamp duty, urban land use tax, and cultivated land occupation tax on 50% of small-scale taxpayers. Local education surcharges.
4 Expanding investment Start-up technology-based enterprises enjoy the scope of preferential policies, so that venture capital enterprises and angel investment individuals who invest in such enterprises have more tax incentives.
5 In order to make up for the local financial gap caused by large-scale tax reduction and fee reduction, the central government will increase local general transfer payments.
The above-mentioned tax reduction policy can be traced back to January 1 this year, and the implementation period is tentatively set for three years. It is estimated that the annual reduction of small and micro enterprises will be about 200 billion yuan.
This is another policy red envelope sent by the state to small and medium-sized enterprises. The implementation period is tentatively set for three years, which means that the company can get a policy dividend of 600 billion yuan in the next three years. This does not include the policy dividends for tax reduction and fee reduction last year, and the adjustment of the tariff rate in 2019. These will undoubtedly greatly improve the profitability of small and medium-sized micro-printing companies. So what impact will it have on our printing companies after the introduction of the policy?
2. Relaxing small and micro enterprises
Relaxing the standards of small-scale and low-profit enterprises and increasing the incentives. Relaxing the standard of small-scale and low-profit enterprises is to relax the conditions for recognition. The conditions for relaxation are: the total assets of the company are less than 50 million yuan, the number of employees is less than 300, and the taxable income is less than 3 million yuan.
These are greatly improved than the original standards, which means that more companies will be identified as small and micro enterprises.
According to the relevant data, it is determined that the number of small and profitable enterprises is 17.98 million, accounting for more than 95% of all taxpaying enterprises, of which 98% are private enterprises. Another set of data shows that the national key printing enterprises above the scale (annual output value of 50 million yuan and above) reached 3,723, accounting for 3.76%, which shows from the side that our printing enterprises are mainly small and medium-sized enterprises.
As a capillary in China's economic system, small and micro enterprises are very important. They are the most extensive and intensive ecosystem in China. It is very important for China's economy and employment to cultivate this ecosystem.
At the same time, small and micro enterprises are also very fragile, often in a weak position in market competition, and need special support from national policies. Therefore, this tax reduction measure is undoubtedly a major positive news for a printing industry with 100,000 companies and mostly small, medium and small enterprises.
3. How much can small micro-printing companies benefit?
In terms of tax rate concessions, the tax reduction policy adopts the preferential income tax rate according to the amount of taxable income. Among them, the taxable income is less than 1 million yuan, the tax burden is 5%, and the standard tax rate is 20 percentage points lower. The taxable income is between 1 million and 3 million yuan, the tax burden is 10%, and the standard tax rate is 15 percentage points lower. Specifically we can look at:
If the taxable income of small and micro enterprises does not exceed 1 million, the enterprise income tax is 5%, which is equivalent to a 2% discount, which is 50% compared with the previous one.
The amount of taxable income of small and micro enterprises is between 1 million and 3 million, and the corporate income tax is 10%, which is equivalent to a 40% discount, compared with 60% before.
Based on the above two points, a small micro-printing enterprise should pay taxable income of 3 million in 2019, and need to pay enterprise income tax of 250,000 yuan and tax burden of 8.33%. According to the previous regulations, the tax payment is 750,000, which is equivalent to a 66.67% reduction, saving a total of 500,000!
In addition, for small-scale taxpayers, mainly including small and micro enterprises, individual industrial and commercial households and other individuals, the VAT threshold will be raised from monthly sales of 30,000 yuan to 100,000 yuan.
Note that the value-added tax is the “starting point”, not the “exemption amount”. If it reaches 100,000 per month, it is necessary to pay the full value-added tax.
However, for small and micro enterprises with annual sales of less than 1.2 million and relatively uniform monthly sales, there is basically no need to pay VAT, and corporate income tax can not pay much. Small and micro enterprises enter the era of “micro-tax”.
4. Confronting the problems that small micro-printing enterprises may face in front of them
For small and micro printing companies, the tax reduction policy is certainly good. After all, for a company with a taxable income of 3 million, it is actually reduced by 500,000 yuan!
But in practice, can these benefits fall on the enterprise itself? There is a question mark here.
This tax cut will certainly bring better benefits to the company, then will it give Party A more than one bargaining price? Specific to the printing business, when Party B and Party B talk about business, it is a game process.
As we all know, the printing industry has always had a low bargaining power. When papers are soaring, paper companies dare to send a price increase letter one day. The difficulty of printing companies is that they dare not raise prices easily. Offending the upstream papermaking companies, they dare not challenge the downstream customers, and many of the costs can only be borne by themselves.
If the company is on a strong side, it can be told to the customer, I will not accept it. Before the various costs went up, I didn’t ask you to raise the price. Now, if you pay less, you still pay the original price. Of course, for Party B, it is best for Party A’s father to be reasonable. However, if you encounter a strong parent of Party A, take the opportunity to reason or unreasonably lower the price and reduce the procurement cost, what should be done?
In addition, companies should not be impulsive in the face of good times, and fall into a vicious price war. Playing the price war, it is undoubtedly a thousand injured, self-damaged eight hundred.