Interpretation of the new financial and tax policy of the third phase of 2018 [boss salon] of BFR and Countermeasures for enterprises

In the afternoon of March 30, 2018, the third boss Salon of 2018 was held in the South Office of Qingdao. The theme of the salon was 'interpretation of the new financial and tax policies and corporate response strategies'.

Mr. Wang Jiaoli, the manager of the Laoshan Department of baifurun, who has ten years of working experience in baifurun, is the speaker of the boss salon. Mr. Wang first explained to you the tax reform plan of the executive meeting of the State Council on March 28, and gave suggestions for enterprises to maximize their interests. The executive meeting of the State Council decided to reduce the VAT rate of manufacturing and other industries from 17% to 16% from May 1, 2018, and the VAT rate of transportation, construction, basic telecommunication services and agricultural products from 11% to 10%. In the face of the reduction of tax rate, enterprises can increase gross profit and get the maximum benefit when the sales price including tax remains unchanged and the purchase price excluding tax remains unchanged.

We will unify the standards for small-scale taxpayers of value-added tax, and raise the annual sales standards for small-scale taxpayers of industrial and commercial enterprises from 500000 yuan and 800000 yuan to 5 million yuan. This policy can allow more enterprises to enjoy the preferential tax according to the lower collection rate. For enterprises with small-scale taxpayers in the upstream and downstream, if the expected income will exceed 5 million but they want to maintain the identity of small-scale taxpayers, they can adopt the split method, set up multiple small-scale taxpayers, and apply the policy of low collection rate. Through the split method, enterprises may also successfully apply the income tax preferential policies of small low profit enterprises, achieving two goals with one stone.

Mr. Wang also reminded you that the end time of annual inspection for domestic funded enterprises, joint annual report for foreign funded enterprises and permanent representative offices is June 30, 2018, and the customs annual report is from May 1, 2018 to August 31, 2018. Please declare in time.

After the salon activity, customers and friends all expressed a deeper understanding of the new deal, expanded the thinking of tax planning, and gained a lot.