State Taxation Administration introduces eight measures for small and micro enterprises

The State Taxation Administration recently issued the Notice on Implementing New Measures for Facilitating Small and Micro Enterprises to Pay Taxes. In the notice, eight new measures to facilitate small and micro enterprises to pay taxes and fees were introduced to ensure that the tax payment process of the small and micro enterprises is more concise.

Expanding online service content and improving tax processing convenience 

In the new measures, two specific measures were launched: “Building a Direct Communication Channel for Online Appeals and Opinions” and “Optimizing Tax Infringement and Violation Information Query”. These two measures will further improve the efficiency of dealing with small and micro enterprises' demands and opinions.

Improving the accuracy of tax guidance and reducing the cost of tax handling

“'Developing Small and Micro Enterprises’ Tax-Guiding Products” and “Developing List of Taxation and Preferential Items”, these two measures were also announced in the notice, to provide convenience for small and micro enterprises to fully enjoy the policy in a timely manner.

 
“Bank and Tax Interaction”upgraded, better supporting the development small and micro enterprises 

The Notice focuses on the financing difficulties that restrict the development of small and micro enterprises. It requires all provincial taxatiion administrations to actively communicate with the banking supervision department, and expand the range of beneficiary enterprises applying for “Bank and Tax Interaction” loans from tax credit A-class and B-class enterprises to M-class enterprises.

News from State taxation administration of PRC