Small and micro businesses
Corporate income tax
The corporate income tax rate was reduced from 10 percent to 5 percent for small and micro-businesses. The tax rate is applied to the profit portion from 1 million RMB to 3 million RMB.
Reduction and exemption of six taxes and two fees
Six taxes and two fees for small and micro enterprises and individual businesses will be reduced within 50% of the tax amount (taxes include resource tax, urban maintenance, and construction tax, real estate tax, […]
Read more