ministries, SME support policies, small business or tax cuts

 Tens of millions of small and medium enterprises, micro businesses or will soon usher in good news. Recently, relevant parties from the SME Association was informed that the recent SAT SME associations are invited to discuss relevant policies to support SMEs. During the Administration of Taxation have said that the heavy tax burden for SMEs, will study the tax support for small business policies, tax cuts for small and medium enterprises.
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        Learned from the State Administration of Taxation, within   the relevant departments of General Administration is indeed relevant in the study of SME support policies. However, the total tax-related, officials said on SME support policies, but with the General Administration of the Ministry of Industry and the China Banking Regulatory Commission to participate in relevant research work, mainly in charge of SMEs in the promotion of the Ministry of Industry. Policy still under study, work flow from the State Administration of Taxation of view, tax cuts for small businesses is very likely, the policy introduced during the year is expected.

        Preferential policies introduced during the year is expected to

        SME support, if not the dominant sector    in policy formulation, only with the relevant departments, the SME support policies of taxation, within the State Administration of Taxation also has at least two divisions involved.

        State Administration of Taxation in accordance with the internal working practices, this case is often that the scope of the work itself is relatively large, often more than just a tax research. If only the scope of work involves a tax, to the divisions assigned to specific work, research work is often the Secretary Bureau by one, after tax benefits related to SMEs mainly related to income tax, so the related work by the Income Tax Division is responsible for the general, and the related Division is not just about income tax seminar to participate in the work of the Division also includes the policies and regulations.

        The official also said that specific policies still under study, there are no published timetable. And the SMEs who are more optimistic, said the SMEs in particular, substantial tax breaks for small businesses may be introduced during the year.

        Analysis of national policies on SMEs and the SME department in charge of the recent Ministry of Industry about the progress of work can be found during the introduction of policies on small business tax cuts a great possibility. Last September, the State Council had issued "some further advice for SME development" (hereinafter referred to as "Opinion"), clearly stated in the text to "implement and improve the tax incentives," "opinions" that countries    use tax policies to promote SME development specific policies by the Ministry of Finance and State Administration of Taxation jointly with relevant departments to develop.