The hottest new tax law in 2008 gives red envelope

Liu Binjie, director of the General Administration of publishing, once proposed to build an environment-friendly and energy-saving printing industry at the third ICIF, and took eliminating the pollution of the printing industry to the environment and the damage of printing products to the health of contacts, and reducing the consumption of energy and raw materials in the production process as an important goal for the development of China's printing industry

he pointed out that during the Eleventh Five Year Plan period, the Chinese government will adhere to the sustainable development of economy and society, encourage printing enterprises to apply environmental friendly and green inks, encourage the promotion of digital printing technology, save the loss of raw and auxiliary materials such as paper in production, encourage the introduction of foreign investment printing projects with low energy consumption and low pollution, and promote the vigorous development of economical and environmental friendly printing

with the policy support of the competent national government departments, printing enterprises should make a difference in energy conservation and environmental protection, try to use the products in the supporting preferential catalogue, and strive for tax incentives in this regard

[original text of laws and regulations]

Article 28 of the new tax law, small and low profit enterprises that meet the conditions shall be subject to enterprise income tax at a reduced rate of 20%

Article 92 of the implementation regulations. The term "qualified small low profit enterprises" mentioned in Article 28, paragraph 1, of the enterprise income tax law refers to enterprises engaged in industries that are not restricted or prohibited by the state and meet the following conditions:

(1) industrial enterprises, with annual taxable income not exceeding 300000 yuan, number of employees not exceeding 100, and total assets not exceeding 30million yuan

good five: small low profit printing enterprises enjoy a low tax rate of 20%

[related interpretation]

he Chunliang said that the 20% preferential tax rate applicable to qualified small low profit enterprises is particularly noteworthy in the industry, and many small printing enterprises are expected to enjoy this preferential tax rate. According to the China tax news, the relevant person in charge said that the implementation regulations defined the annual taxable income of small low profit enterprises as 300000 yuan, which was carefully calculated. According to this standard, about 40% of enterprises will be subject to a low tax rate of 20%. The proportion of 40% should also apply to the printing industry, because the entry threshold of printing enterprises is relatively low. He Chunliang said that this is a policy worthy of attention for both existing small printing enterprises and investors who are about to establish small printing enterprises

as for engaging in industries that are not restricted or prohibited by the state as stipulated in the regulations, there are clear provisions on the printing industry in the catalogue of industries that are prohibited or restricted by the state, and 62 kinds of processes and equipment with relatively backward technology are listed in the catalogue of prohibited industries

compared with the tax rate of 18% for domestic enterprises with an annual taxable income of less than 30000 yuan in the old tax law, and the tax rate of 27% for the chemical industry sector with an annual taxable income of 30000 to 100000 yuan, which insists on the adjustment of product structure, the preferential scope of the new tax law is expanded, and the preferential intensity is greatly improved