Decided to increase tax support for rural finance

December 3-Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on December 3, which was deployed to promote the Zhongguancun pilot policy on a larger scale, speed up the construction of a national demonstration zone for independent innovation, and further encourage mass entrepreneurship and innovation; decided to increase tax support for rural finance to promote the reform and development of agriculture, rural areas and farmers.

The meeting pointed out that since 2010, the state has first tried a series of policies to promote scientific and technological innovation, such as finance, finance and taxation, talent incentives, and scientific research funds, in the Zhongguancun Independent Innovation demonstration Zone in Beijing, and achieved positive results. At present, we must speed up the innovation drive, promote the reform of the scientific and technological system and mechanism with greater efforts, popularize and implement the pilot policy on a larger scale, and exchange the "subtraction" of government power for the "multiplication" of innovation and entrepreneurial enthusiasm. this will help to stimulate the initiative, enthusiasm and creativity of people, especially researchers, speed up the transformation of innovative achievements, promote the growth of high-tech industries, and create a new driving force for China's economic development. Promote the economy to the middle and high-end level.

The meeting held that the work of "agriculture, rural areas and farmers" has always been the top priority of the government's work, and must not be relaxed for a moment. In accordance with the requirements of targeted regulation and control, it is necessary to strengthen the driving force and ability of finance to support the development of agriculture, rural areas and farmers by improving fiscal and taxation policies, which is of great significance in strengthening food security, increasing farmers' income, speeding up structural adjustment, and promoting agricultural modernization. In order to further alleviate the problems of high cost of agricultural loans, high risks and difficulties in loans for low-income farmers, the meeting decided to extend the following two policies that have already expired until December 31, 2016: first, the interest income of farmers with small loans of no more than 50,000 yuan from financial institutions will be exempted from business tax and be included in the taxable income of enterprise income tax at 90%. Mobilize the enthusiasm of financial institutions to lend to farmers. Second, the premium income of insurance companies carrying out planting and aquaculture insurance business shall be included in the taxable income of enterprise income tax at 90%, so as to expand insurance protection and services for farmers. At the same time, in view of the situation that farmers' loan demand is mainly concentrated in the range of 50, 000 yuan to 100000 yuan, the limit of small loans for farmers who enjoy tax concessions will be raised from 50, 000 yuan to 100000 yuan. and the preferential tax policy of reducing the business tax on the insurance income of county rural financial institutions by 3% will be extended until the end of 2016. Let the policy of benefiting farmers continue to work to promote agricultural development and increase farmers' income.