The tax law outside is a compilation of relevant documents.
For example, the tax law textbook of the tax note meeting only lists various situations explained by many documents. If you really want to use them for research, it is better to collect the original text. External compilation is a summary, and it won't tell you the source of the file at all.
In what way should enterprises be informed of the implementation of the new tax policy? If the enterprise is not informed in writing of the new tax policy, whether the tax department can enforce it should be notified to the enterprise in written or broadcast form. Only written form has a basis, and without written things, there is no execution! If the tax authorities enforce the new tax without any notice, it is unreasonable to collect fees at random.
What are the tax policies for joint ventures (non-European and American)? Compared with domestic capital, foreign capital now has no preferential tax policies.
What is the tax policy of agricultural machinery production and sales enterprises? Value-added tax is levied at the rate of 13% in the production process, and the sales process is exempted from value-added tax according to agricultural machinery products.
How do entrepreneurs view angel investment tax policy? Lei Jun, Chairman and CEO of Xiaomi Technology, called for tax reduction at the summer Davos Forum 1 1 months ago, which was recently implemented in a document jointly issued by the Ministry of Finance and State Taxation Administration of The People's Republic of China.
The Notice on Launching Pilot Tax Policies for Venture Capital Enterprises and Angel Investors announced that angel investors' investment in start-up technology-based enterprises can be tax-deductible according to 70% of their investment in eight pilot zones of comprehensive innovation and reform in Beijing-Tianjin-Hebei, Shanghai, Guangdong, Anhui, Sichuan, Han, An, Shenyang and Jiangsu industrial parks, and this policy will take effect from July this year.
This is the first policy in China that specifically defines the angel investment tax, and it also exceeds the expectations of angel investors and entrepreneurs including Lei Jun and Yu for tax reduction in this respect.
From June, 2065438 to June, 2006, Lei Jun, an alumnus of Wuhan University, put forward at the forum of "China Economy: New Economic Concept and New Kinetic Energy" in Davos, Tianjin: Compared with the entrepreneurial environment like Silicon Valley in the United States, China has more money and less angel investment. The reason is that at present, the state imposes a 20% tax on angel investment institutions, and investors are unwilling to do business at a loss. "Invest in 30 projects and succeed in one or two projects." When the 30th project makes money, you will collect 20% personal income tax. This business is not worthwhile! He also proposed "deduction" for the first time: the tax is accumulated in seven years, and how much personal income tax is deducted according to the loss.
Lei Jun is an entrepreneur who proposed tax reduction for angel investment earlier. Yu Zeng, the founder of New Oriental, said that the tax rate levied by the state on angel investment institutions should be reduced by at least half, so that more money can be invested in angel funds. Wang Gang, an investor in Didi Angel, believes that it is difficult to reduce it all, but it is good to reduce it by half.
According to the notice, after meeting some restrictive conditions, if angel investors directly invest in start-up technology-based enterprises for two years by means of equity investment, they can deduct the taxable income obtained by transferring the equity of start-up technology-based enterprises according to 70% of the investment amount; If the current deduction is insufficient, it can be carried forward for deduction when the taxable income of equity transfer of start-up technology-based enterprises is obtained in the future.
The enterprise income tax policy stipulated in this notice shall be tried out from 20 17 1, and the individual income tax policy shall be tried out from 20 17 1. Start-up technology enterprises invested by angels and individuals who enjoy the tax pilot policy shall be registered in the pilot areas specified in this notice.
Angel investment mainly provides new financing channels for start-ups and is an important source of early equity capital for start-ups. According to the information consulted by reporters, the investment failure rate in angel investment stage can reach up to 90%, but without the control of angel investors 19 years ago, there would be no Google today.
Before, angel investors were faced with the situation of "making money" with high tax burden and "losing money" without any tax subsidies. * * * Taxes will only be levied on items that generate income, and risk allocation will not be carried out on loss items. Once the capital flows back, it will be taxed without comprehensive setting, resulting in "taxation first if the cost cannot be recovered". Secondly, at present, the angel fund of the company system pays enterprise income tax at the company level according to the tax rate of 25%; At the shareholder level, personal income tax is required to be paid at the rate of 20% when dividends are distributed. For angel investors, the comprehensive tax rate is around 40%.
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It is conducive to promoting angel investors to accelerate their pace and create more opportunities for innovation and entrepreneurship.
What do Bole and Ma Liang think of this policy? Almost every investor and entrepreneur interviewed agrees that this is an important benefit of innovation and entrepreneurship, which is conducive to promoting outstanding angel investors to accelerate their pace and create more opportunities for innovation and entrepreneurship.
Fu Cheng, chairman of Yixun Electronics, believes that both entrepreneurship and investment are risky, and the tax policy on venture capital shows the attitude of encouraging venture capital, and also allows investors to see the expanded venture capital income. Huilong Wang, the legal director of financing, also thinks that this is a good thing for enterprises.
It is understood that the United States 1/3 states * * * have introduced tax relief policies to encourage angel investment and development. With more than 65,438+00 years of investment experience, the founder of Lighting Capital made the first angel investment in his life, and then invested in science and technology, interest management and other projects in Korea. He thinks the overall business environment is more important than taxes.
Tens of thousands of angel investors are active in the tiny Silicon Valley with a population of millions. Li Ruxiong, president of Changjiang Angel Exchange, the first angel investor association in Wuhan, and general manager of Wuhan Optics Valley Coffee Venture Capital Co., Ltd. said that "angel investment in Wuhan is still in its infancy". After the liberalization of preferential tax policies, it is very beneficial to the development of angel investment, but the first thing should be three. "First of all, we want to be professional. Some people understand that angel investment is not a public welfare undertaking or an acquaintance. Secondly, entrepreneurial projects should be good enough. If the innovation ability is insufficient, there are no more good projects worth investing, and Bole guards the open grassland but can't see the horse; Third, there must be an exit mechanism. "
(Reporter Li Wei)
Tax increase can increase the national fiscal revenue, but why should the State Council implement the tax reduction and exemption policy for enterprises? Tax increase can increase the national fiscal revenue. The State Council implements the tax reduction and exemption policy for enterprises in order to reduce the burden on enterprises and realize the development of enterprises by paying more taxes.
The tax policy of foreign sales of enterprises' self-built houses cannot be sold abroad, and it should be understood from the wording that foreign sales should belong to business activities. It should be said that transfer is still allowed. Enterprises should pay land value-added tax and income tax first when transferring self-built real estate. It is also necessary for the land authorities to approve the designated land and real estate, involving laws and regulations, urban construction, fire protection and even the National Development and Reform Commission.
Tax policies involved in the acquisition of construction land by enterprises When acquiring construction land, enterprises need to pay farmland occupation tax, land use tax, land deed tax and stamp duty.
What is the latest tax policy for ordinary taxpayers in foreign-funded enterprises? State Taxation Administration of The People's Republic of China has defined the tax treatment of foreign-invested enterprises and foreign enterprises after the implementation of preferential tax policies.
If a foreign enterprise transfers know-how or provides loans to China, and the contract involved is signed before the end of 2007 and meets the tax exemption conditions, it may continue to be granted tax exemption within the validity period of the contract, but it does not include extension, supplementary contract or expansion clause.
In addition, if a foreign-invested enterprise enjoys regular tax reduction or exemption in accordance with the regulations, and the nature or operating period of the enterprise changes after 2008, resulting in its failure to meet the requirements stipulated in the Income Tax Law of People's Republic of China (PRC) on Enterprises with Foreign Investment and Foreign Enterprises, it shall still pay back the regular tax reduction or exemption it enjoyed before (including during the preferential transition period) in accordance with the regulations.
The reinvestment of pre-distributed profits is non-refundable.
The notice clearly pointed out that the after-tax profits made by foreign investors from foreign-invested enterprises can be directly reinvested in this enterprise to increase its registered capital, or used as capital investment to start other foreign-invested enterprises. Where the reinvestment is completed before the end of 2007 and the change or registration is completed in the State Administration for Industry and Commerce, the reinvestment tax refund can be given according to the relevant provisions. Before the end of 2007, reinvested with the pre-distributed profits in 2007 will not be refunded.
Similarities and differences among legal persons, partnerships and individuals in applying tax policies First of all, we need to know the differences between these three ways, especially in taxation:
1. Legal person: refers to an independent legal person who can bear corresponding legal responsibilities. In terms of tax law, this is the most basic taxpayer, who has to pay tax increase, additional tax, property tax and enterprise income tax. Shareholders pay personal income tax on dividends.
2. Partnership: Partnership includes legal person partnership, natural person partnership and legal person and natural person partnership. In terms of taxation, the principle of "dividing tax first" is adopted. This tax refers to income tax, other value-added tax and additional corporate enterprises. After the return, if it is an enterprise, it will enter the profit and collect income tax. Personal income tax will also be levied on dividends of shareholders. If the profits are divided by natural persons, the individual income tax shall be calculated according to the individual income tax law.
3. Individuals are natural persons: tax increases and surcharges are the same as those of other enterprises, and profits are subject to personal income tax.
Comparing the above three different forms, we can see that from the tax point of view, turnover tax and additional tax are the same. The focus is on the taxation of income, and the tax burden of legal persons is the highest, because personal income tax is levied first and then corporate income tax; The tax burden of natural persons and self-employed individuals in partnership enterprises is relatively light, and only personal income tax is paid for profits, which is one less enterprise income tax.