1. Has the local corporate income tax exemption for small low-profit enterprises expired? What are the current benefits?

According to Article 1 of the "Inner Mongolia Measures Supporting Private Economy" (Internal Party Document [2022] No. 24), until Dec 31, 2025, small enterprises with annual taxable income ≤ 1M yuan are exempt from local corporate income tax shares.

According to the "2023 Tax Policies for Small/Micro Enterprises" (Ministry of Finance Announcement No. 12), small low-profit enterprises:

·Taxable income calculated at 25%, tax rate 20%, extended to Dec 31, 2027.

·Must meet: annual taxable income ≤ 300M yuan, employees ≤ 300, assets ≤ 50M yuan, and operate in non-restricted/prohibited industries.