The regulations for the implementation of the enterprise income tax law are in the process of being formulated.
the enterprise income tax law will be implemented from January 1, 2008. Enterprises are now very concerned about the implementation regulations of the enterprise income tax law, which will affect the service life of the device. Please make a backup and issue them when you use them at ordinary times. Authorities of the relevant departments said recently that the relevant departments are speeding up the formulation of the implementation regulations of this Law and will strive to publish them as soon as possible so that enterprises can make preparations as soon as possible
the specific implementation method of tax preferential policies in the enterprise income tax law is one of the issues that enterprises are very concerned about. In this regard, the authority said that the enterprise income tax law defines China's tax preferential principles, and the implementation regulations will refine these legal principles one by one. The adjustment of preferential tax policies in the enterprise income tax law mainly adheres to two principles: the first is to change from the previous regional preference to industrial preference; The second is that in the past, direct preferences have been changed to indirect preferences, which is a major change in China's tax preference system
as one of the highlights of the preferential tax policies in the enterprise income tax law, the state will implement a low tax rate of 15% for high-tech enterprises that need support, which means that in the future, no matter whether enterprises are set up in or outside the National High-tech Development Zone, as long as they are recognized as high-tech enterprises that need support by relevant departments, they can enjoy a low tax rate of 15%. In addition, after the implementation of the new law, small low profit enterprises will also apply 20% of low tax thermoplastic pipes - balloon tubes, three-layer tubes, multi cavity tubes, braided tubes, heat shrinkable tubes, post-processing - tips, flaring, printing, etc. At present, relevant departments are re formulating the recognition standards for these two types of enterprises
authorities said that in the future, the state will also give certain tax incentives to energy-saving and environmental protection enterprises, enterprises investing in public facilities construction, enterprises engaged in agriculture, forestry, animal husbandry and fishery industries, and vulnerable groups in society. The specific implementation measures will be specified in the implementation regulations of the enterprise income tax law
with regard to the application of tax policies for enterprises registered after the adoption of the enterprise income tax law and before its implementation, relevant authorities explained that enterprises registered and established after March 16 this year will still be implemented in accordance with the current tax law before December 31, 2007, but from January 1, 2008, they will be implemented in accordance with the new tax law, and the transitional period policy is not applicable to such enterprises