Three exemptions and three halving refers to the exemption of qualified small and micro enterprises from value-added tax, business tax and urban maintenance and construction tax, and the corresponding preferential policies of halving education surcharge, local education surcharge and resource tax. Overlapping enjoyment of small and micro enterprises means that qualified small and micro enterprises can enjoy various preferential tax policies at the same time, such as the new VAT threshold policy for individual industrial and commercial households to be implemented soon. Specifically, small and micro enterprises that meet the conditions of "three exemptions and three reductions" refer to enterprises with annual sales of no more than 3 million yuan and no more than 50 employees, and also need to meet some other conditions, such as good tax credit. In addition, for small and micro enterprises that meet the requirements but can't actually enjoy the three exemptions and three reductions, they can also enjoy the corresponding tax reduction and exemption policies according to relevant regulations. The specific preferential policies enjoyed by small and micro enterprises include: the value-added tax rate is levied at 3%, the tax refund is made in advance, and the taxable income is included in the current cost. At the same time, eligible small and low-profit enterprises can also enjoy preferential income tax policies, such as halving corporate income tax.
How do small and micro enterprises apply for the policy of "three exemptions, three halves and overlapping enjoyment"? Applying for the "three exemptions and three reductions" policy mainly requires qualified small and micro enterprises to apply when filing tax returns and submit relevant materials in accordance with relevant procedures. However, attention should be paid to details when applying for the superposition enjoyment policy for small and micro enterprises, such as knowing the specific conditions and application methods of various preferential policies in advance and planning the tax structure of enterprises reasonably.
The policies of "three exemptions and three reductions" and "overlapping enjoyment" for small and micro enterprises are all aimed at helping small and micro enterprises reduce their operating burden and promote economic development. Eligible small and micro enterprises should actively apply for relevant preferential policies, abide by relevant regulations, and operate legally and in compliance.
Legal basis:
Article 46 of the Value-added Tax Law of People's Republic of China (PRC) * * * The policy of three exemptions and three reductions stipulated in this law is exempt from value-added tax, consumption tax and urban maintenance and construction tax, and corporate income tax is levied at a reduced rate of 2.5%, personal income tax is levied at a reduced rate of 1%, and education surcharge, local education surcharge and resource tax are reduced.