Either a startup or a MSE will encounter a very terrible stage of death valley in the early days of the entrepreneurship. According to the data, 85%-90% of the companies will die at this stage, not only because of the lack of experience and resources but also due to the shortage of findings.
To help more entrepreneurs solve the problems of difficult, slow and expensive finance, on May 17, Zoom Tech invited the heads of various businesses of the Industrial and Commercial Bank of China Beijing Financial Street Sub-branch, Beijing Dazhangfang Information Technology Co., Ltd., to interpret the policy of tax-and-fee reduction and inclusive finance.
The Inclusive Finance team of
the Industrial and Commercial Bank of China
Beijing Financial Street Sub-branch
introduced in detail the policy and market planning of Inclusive Finance.
At the same time, they offered featured products
with regard to the financial needs of the MSE
at different initial, growing, and maturity stages.
Entrepreneurship Pass
A low threshold and fast product
without mortgage, in cooperation of
Zhongguancun Financial Guarantee,
Beijing Capital Guarantee,
Beijing SMEs Credits Re-guarantee,
Maximum loan of 2 million yuan within 1 year.
Very suitable for SMEs in the startup period!
On-line Loan Pass
Revolving loans for SMEs through the network.
Online withdraw and repayment anytime.
Very convenient for the growing companies.
ICBC Corporate Banking Certificate
With functions authorized by the ICBC
And effective and sufficient guarantee needed.
Technology Pass
A credit loan product
Maximum 10 million yuan within 1 year.
Eligible to apply for loan discounts
On condition of corporate establishment
and actual operation for 3 years
Relevant documents needed.
(Consult the ICBC staff for details)
In summary, it is more suitable for the mature enterprises!
In addition,
there are other financing products
such as Easy Loan, Personal Pledge Loan
which are convenient to use with self-service.
And the interest rate drops to the minimum
Of 10% up of the benchmark interest rate!
The products are favored by the MSEs on site~
The above inclusive finance helps MSEs
With new resources,
And the following fiscal tax interpretation
Will help the companies to save costs.
Ms. Gao Youqin,
the professional lecturer of Dazhangfang,
interpreted the new fiscal and taxation policy of 2019
(Please be ready to write it down~)
Policy related to the invoice
① VAT Invoice for MSEs
The monthly sales limit of 100,000 yuan
and quarterly sales limit of 300,000 yuan
has been lifted!
② Deduction for the General Tax-payer
Do not check the certification option
for the welfare invoice,
like mobile phone rewarded to the employees.
Otherwise,
the input tax will have to be transferred out!
③ Tax filling of the Invoice
The tax filling of VAT invoice
has been cancelled.
Instead, the tax payer only needs to confirm the billing data,
which reduces the burden on many taxpayers.
Please note that
the cancellation of the tax filling
does not mean the cancellation of
the operation of on-site clearance.
We still need to wait for the
detailed notice from the authority.
New policy on VAT
The lecturer shared two pieces of good news:
The first is that the industrial tax rate will decrease
after the two sessions this year!
The tax rate for the manufacturing industry
will be decreased to 10% from 16%,
and the tax rate for the industry of transportation,
construction and other industries
will be decreased to 9% from 10%.
The second good news is
that VAT of many industries starts to be tax-free,
including self-planted agricultural products, medical care,
anime software, welfare lottery, park tickets, film and television,
childcare and education services
provided by the kindergarten and childcare center etc.
The audience were delighted that
they benefited a lot from the interpretation.
