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Concessionary Tax Rate for Small Enterprises with Meager Profits

[2008-12-23 16:53:44]

The CIT rate applicable to small enterprises with meager profits that meet certain conditions shall be reduced to 20%.

Small enterprises with meager profits that meet certain conditions refers to enterprises that are not engaged in industries restricted or prohibited by the State and that meet all of the following conditions:

(1). For industrial enterprises, the taxable income for the year shall not exceed RMB 300,000, total employees shall not exceed 100, and total assets shall not exceed RMB 30 million;

(2). For all other enterprises, the taxable income for the year shall not exceed RMB 300,000, total employees shall not exceed 80, and total assets shall not exceed RMB 10 million.

Source: 厦门国税局