Q：
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What are the latest regulations on the policy of halving corporate income tax for small and low profit enterprises?
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A：
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For small and low-profit enterprises, for the portion of their annual taxable income that does not exceed 1 million yuan, 12.5% of this portion will be taken as taxable income. The corporate income tax will be paid at a 20% tax rate. Effective from January 1, 2021, terminated on December 31, 2022.
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For small and low-profit enterprises, for the portion of their annual taxable income that exceeds 1 million yuan but not exceeds 3 million yuan, 25% of this portion will be taken as taxable income. The corporate income tax will be paid at a 20% tax rate. Effective from January 1, 2022 to December 31, 2024.
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For small and low-profit enterprises, for the portion of their annual taxable income that does not exceed 1 million yuan, 25% of this portion will be taken as taxable income. The corporate income tax will be paid at a 20% tax rate. Effective from January 1, 2023 to December 31, 2024.
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Q：
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Can enterprises, which qualify for both R&D expense extra deduction and small low-profit enterprises, enjoy both preferential policies at the same time?
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A：
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If the enterprise qualifies for both the R&D expense extra deduction and the small low-profit enterprise, it can enjoy them simultaneously according to regulations.
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Q：
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The new policy on extra deduction for R&D expenses for technology-based small and medium-sized enterprises will be implemented from January 1, 2022. When enterprises process the 2022 annual clearance of corporate income tax, what kind of entry registration number do they need to obtain when enter in Government’s database in order to enjoy the policy of 100% extra deduction for R&D expenses?
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A：
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Science and technology management department at each provincial-level should mark the entry registration number of small and medium-sized technology enterprises based on their establishment date and submission date of self-assessment information. The specific coding rules are as follows: if the self-assessment information is submitted before May 31st and is established before the entry registration year, the 11th digit of the entry registration number is 0; The entry registration number for self-assessment information submitted after June 1st (inclusive), which was established before the year of entry, is A in the 11th place; The 11th digit of its entry registration number is B if the enterprise is established in the year of entry. Enterprises with the 11th digit of the entry registration number being 0 can enjoy the policy of deducting extra R&D expenses for technology-based small and medium-sized enterprises in the annual clearance of corporate income tax for the previous year.
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Q：
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Do resident enterprises with headquarters and branches located in Beijing need to consolidate and calculate the corporate income tax?
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A：
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If the head office of a resident enterprise and its branches which do not possess the qualification of independent legal entity are all located in Beijing, the head office should consolidate, calculate, and pay the corporate income tax.
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Q：
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What materials should the head office, which pays the corporate income tax on consolidated level, submit for the annual clearance of corporate income tax for cross regional business?
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A：
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In addition to submitting the annual corporate income tax declaration form and annual financial statements, the head office should also submit a summary of the income tax distribution table for branches, the annual financial statements of each branch, and an explanation of the participation of each branch in the annual tax adjustment of the enterprise.
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FAQ
