Small and micro-enterprise rescue fiscal and taxation policies are introduced to increase tax support

After a long drought, there is a sweet spot.
On October 12, Wen Jiabao chaired an executive meeting of the State Council to study and determine financial and fiscal policy measures to support the development of small and micro enterprises, and decided to increase tax support for small and micro enterprises.
Among them, the threshold for VAT and business tax of small and micro enterprises will be raised, and the policy of levying corporate income tax on small and micro-profit enterprises will be halved, which will be extended to the end of 2015 and the scope will be expanded.
Earlier, the State Administration of Taxation has determined that from January 1, 2011 to December 31, 2011, for small profit-making enterprises with annual taxable income of less than 30,000 yuan (including 30,000 yuan), their income will be 50 % Is included in the taxable income and corporate income tax is paid at a tax rate of 20%.
Chen Naixing, director of the SME Research Center of the Chinese Academy of Social Sciences, pointed out that this policy is very detailed and operational, and should be implementable. The corporate income tax is halved for a longer period of time, which is definitely a good thing for small businesses.
He pointed out that this part of the tax reduction policy is actually good for banks. "If the enterprise itself has good repayment ability, security, and preferential policies, the bank is happy to lend to small businesses. However, the bank will find a balance between security and national policy." He said.
The above-mentioned meeting determined that financial support should be given to small and micro enterprises, which includes increasing credit support for small and micro enterprises. The growth rate of loans to small and micro enterprises by banking financial institutions is not lower than the average growth rate of all loans, and the increase is higher than that of the same period of last year. Small financial institutions that meet the requirements continue to implement a lower deposit reserve ratio.
Commercial banks focus on increasing credit support for small and micro enterprises with a single-family credit of less than 5 million yuan. Strengthen loan supervision and end-user monitoring to ensure normal production and operation of small and micro enterprises.
The above meeting emphasized the need to refine the differentiated regulatory policies for financial services of small and micro enterprises. For commercial banks with small or micro-enterprise loan balances and customers exceeding a certain percentage, the restrictions on institutional access will be relaxed, allowing them to prepare for the establishment of branches and franchise branches in the same city in batches.
Loans to small and micro enterprises under a single household of less than 5 million yuan corresponding to financial bonds issued by commercial banks may not be included in the assessment scope when calculating the loan-to-deposit ratio. Allow commercial banks to treat small and micro-enterprise loans with a single-family credit of less than 5 million yuan as retail loans to calculate risk weights and reduce capital occupancy. Appropriately increase the tolerance for the non-performing loan rate of small and micro enterprises.
From January to September 2011, there were 228 "run road" incidents in Zhejiang, most of them in Wenzhou. Since entering September, there have been eight corporate boss escape events in Wenzhou within a day. To this end, in early October 2011, Premier Wen Jiabao
Conducted a special survey. Wenzhou, Zhejiang Province has also taken measures to provide financial support to SMEs.
It is understood that the current difficulty of Wenzhou SMEs is due to the relatively high interest rate of private capital loans, and commercial banks are generally not very interested in SMEs, which makes the capital chain of these enterprises tight.
The National Development Research Institute of Peking University visited 95 small businesses and 15 local banks in Guangzhou in the Pearl River Delta in September 2011 and found that 72.45% of small businesses are expected to have no profits or small losses in the next 6 months, and have confidence in their operations in the next 6 months. Lower; 29% of small businesses expect to lose money or go out of business in the next 6 months, and are pessimistic about future operations.
According to statistics, the profits of small enterprises fell sharply in 2011, and the average profits decreased by 30% to 40% compared with 2010, and the operating difficulties increased. To this end, the Central Bank, the Bureau of Statistics and the Ministry of Industry and Information Technology have specifically investigated this. The survey found that small businesses are indeed difficult, but this difficulty is a norm, not caused by the current tightening of monetary policy. On the contrary, if a loose monetary policy is implemented, because the price rises fast, the cost pressure on enterprises will be even greater.
Bao Yujun, a consultant of the China Private Economic Research Association, believes that the core issue is to open up all the openings that can be opened to private enterprises. "At present, small and medium-sized enterprises and private enterprises are an important part of the market economy, but the relevant departments and related interest groups hinder its development, so no matter how good the policy is, it needs to be implemented."
According to the above meeting, the next step will be to expand the financing channels for small and micro enterprises, gradually expand the issuance scale of small and micro enterprises' collective bills, collective bonds, and short-term financing bonds, and actively and steadily develop private equity investment and venture capital financing tools. Further promote the construction of the exchange market and the OTC market, and improve the equity pledge financing environment for small and micro enterprises. Actively develop loan guarantee insurance and credit insurance for small and micro enterprises. According to understanding, the current more detailed supporting policies of various departments will gradually come out to form a joint force for the development of small meager enterprises.
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