How Does Guarantee Corporation Apply For Exemption From Business Tax?

(1) institutions authorized by the government authorized departments (government departments of small and medium sized enterprises) to register as enterprise legal persons and are mainly engaged in providing guarantee services for small and medium-sized enterprises.

(two) the main purpose of not making profits is that the standard of guarantee business fees is approved by the competent departments of small and medium-sized enterprises of the people's governments at the locality and the price departments of the people's governments at the same level.

(three) having a sound internal management system and the ability to provide guarantee for small and medium-sized enterprises, with outstanding operating performance, perfect pre assessment, monitoring in the event, recovery and disposal after the event, and registered capital of more than 20 million yuan.

(four) the accumulated loan guarantee amount for SMEs accounts for 80% of the total amount of guarantee business, and the guarantee balance provided by a single insured enterprise shall not exceed 10% of the total amount of the total paid capital of the guaranty institution, and the maximum amount of its single guarantee liability shall not exceed RMB 40 million yuan.

(five) the ratio of guaranteed funds to guaranteed loans is not less than 3 times, and the amount of compensation is less than 5% of the guaranteed funds.

(six) to accept the supervision of the management departments of the small and medium-sized enterprises in the local government, and submit the guarantee business and financial accounting statements to the small and medium-sized enterprise management departments of the local governments according to the requirements.

If a guaranty institution that has enjoyed a period of three years of business tax reduction and exemption is still in line with the above conditions, it may continue to apply for tax reduction or exemption.

Tax exemption procedure

After voluntary application by a guaranty institution, after examination and recommendation by the provincial small and medium enterprises management department and the Provincial Local Taxation Department, the national development and Reform Commission and the State Administration of Taxation shall examine and approve the tax exemption list and issue the tax exemption list. The guaranty institutions within the list shall apply for tax exemption formalities to the competent tax authorities on the basis of relevant documents, and the tax authorities in various regions shall, after examination and approval of the list issued by the State Development and Reform Commission and the State Administration of Taxation, conduct tax exemption formalities, and guarantee agencies can enjoy the business tax exemption policy.

Tax exemption period

The period of tax exemption for business tax is three years, and the time for tax exemption is calculated from the date of tax exemption from the competent tax authorities of the guaranty institution.

Principles

The departments of small and medium-sized enterprises and local taxation bureaus of all provinces, autonomous regions, municipalities directly under the central government and municipalities directly under the central government shall, in accordance with the requirements of this circular, conscientiously do a good job in the auditing and recommendation of small and medium-sized enterprises' credit guarantee institutions in accordance with the principles of openness and fairness.

The departments of small and medium-sized enterprises and local taxation bureaus of provinces, autonomous regions, municipalities directly under the central government and municipalities directly under the central government shall, according to the actual situation, conduct supervision and inspection on the implementation and effectiveness of the business tax reduction and exemption work of the pre credit guarantee institutions, and carry out dynamic management of the SME credit guarantee institutions enjoying the business tax reduction and exemption policy.

For a guaranty institution that violates the regulations and does not meet the conditions for reduction and exemption, it shall be reported to the State Development and Reform Commission and the State Administration of Taxation for the purpose of canceling its qualification to continue to enjoy tax exemption.