The State Council recently issued the "State Council's Opinions on Further Supporting the Healthy Development of Small and Micro-sized Enterprises," and clarified 29 specific measures from eight aspects, including increasing fiscal support and easing financial difficulties. It is required to further increase financial and tax support for small and micro enterprises, increase the value-added tax and business tax thresholds, and extend the policy of reducing corporate income tax for small-scale low-profit enterprises by half to the end of 2015 and expand the scope. In 2012, the total scale of financial support funds was expanded from 12.87 billion yuan to 14.17 billion yuan, and will increase year after year. The "Opinions" emphasizes that the central budget will invest in expanding the scale of funds used for the technological advancement of SMEs, encourage qualified small and micro enterprises to establish R&D institutions, and develop strategic emerging industries.
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