The new income tax law stipulates that the statutory tax rate is 25%, and the domestic-funded enterprises and foreign-funded enterprises are the same. The high-tech enterprises that the state needs to give priority to are 15%, the small-scale low-profit enterprises are 2%, and the non-resident enterprises are 2%.

Further reading:

On November 28th, 27, the 197th executive meeting in the State Council passed the Regulations for the Implementation of the Enterprise Income Tax Law of the People's Republic of China, which stipulated that small and medium-sized enterprises can enjoy the following preferential policies when paying income tax:

1. Small and low-profit enterprises, high-tech enterprises and other enterprises can reduce their enterprise income tax.

According to the Notice of the Ministry of Finance and State Taxation Administration of The People's Republic of China on Relevant Issues Concerning Preferential Income Tax Policies for Small and Low-profit Enterprises (Caishui [214] No.34), from January 1, 214 to December 31, 216, the income of small and low-profit enterprises with an annual taxable income of less than 1, yuan (including 1, yuan) will be reduced by 5% and included in the taxable income and paid at the tax rate of 2%.

the income of small and medium-sized enterprises engaged in agriculture, forestry, animal husbandry and fishery projects can be exempted or reduced in accordance with state regulations. The part of the technology transfer income of small and medium-sized enterprises within a tax year that does not exceed 5 million yuan shall be exempted from enterprise income tax; For the part exceeding 5 million yuan, the enterprise income tax will be levied by half.

the income obtained by small and medium-sized enterprises from producing products that are not restricted or prohibited by the state and meet the relevant national and industrial standards with the resources specified in the preferential catalogue of enterprise income tax for comprehensive utilization of resources as the main raw materials shall be included in the total income at a reduced rate of 9%.

2. Relevant policies on pre-tax deduction of income tax.

for the donations made by enterprises, institutions, social organizations and individuals and other social forces to the Technological Innovation Fund Management Center for Technological SMEs of the Ministry of Science and Technology through public welfare social organizations and state organs, the portion of the total annual profits of enterprises within 12% and the portion of the taxable income of individuals within 3% are allowed to be deducted before calculating and paying income tax.

if the research and development expenses incurred by small and medium-sized enterprises for developing new technologies, new products and new processes do not form intangible assets and are included in the current profits and losses, they will be deducted according to 5% of the research and development expenses on the basis of actual deduction according to regulations; Where intangible assets are formed, they shall be amortized according to 15% of the cost of intangible assets.

3. The policy of "three exemptions and three reductions" for income tax.

the income of small and medium-sized enterprises engaged in the investment and operation of public infrastructure projects supported by the state, such as ports, airports, railways, highways, urban public transportation, electric power, water conservancy, etc., shall be exempted from enterprise income tax from the first year to the third year, and the enterprise income tax shall be halved from the fourth year to the sixth year.

the income of small and medium-sized enterprises engaged in environmental protection, energy-saving and water-saving projects such as public sewage treatment, public garbage treatment, comprehensive development and utilization of biogas, energy-saving technological transformation, etc., which meet the requirements stipulated by the state, shall be exempted from enterprise income tax from the first year to the third year, and the enterprise income tax shall be halved from the fourth year to the sixth year.

energy saving and emission reduction equipment credits taxable income. Small and medium-sized enterprises purchase and actually use the special equipment for environmental protection, energy saving and water saving, safety production and other special equipment specified in the Catalogue of Preferential Enterprise Income Tax for Environmental Protection Special Equipment, Catalogue of Preferential Enterprise Income Tax for Energy Saving and Water Saving Special Equipment and Catalogue of Preferential Enterprise Income Tax for Safety Production, and 1% of the investment of the special equipment can be credited from the taxable amount of the enterprise in the current year; If the credit is insufficient in that year, it can be carried forward in the next five tax years.