Small and micro enterprises in Zhuhai receive tax cut
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E-mail China.org.cn, September 7, 2015
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The yearly non-taxable income ceiling for small and micro businesses will be raised from the current 200,000 yuan to 300,000 yuan starting from Oct.1 according to national regulations, the Zhuhai Daily reported. All such enterprises in southern China’s Zhuhai City can enjoy the preferential policy.
This policy will end on Dec. 31, 2017.
Zhuhai Municipal Office of State Administration of Taxation estimates that 13,000 enterprises will be covered by this preferential policy, the total reduced taxation will hit 45 million yuan.
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