Lechuang can pay taxes at a rate of 15%, and the recognition of high-tech enterprises is really good

Lechuang is recognized as a high-tech enterprise and can pay taxes at a 15% tax rate

Recently, Zhejiang Loctek Intelligent Drive Technology Co., Ltd. (hereinafter referred to as "Loctek Intelligent Drive"), a wholly-owned subsidiary of Loctek Ergonomics Technology Co., Ltd. (hereinafter referred to as the "Company"), received the "Notice on the Announcement of the First Batch of High-tech Enterprises in Ningbo in 2021" issued by the Ningbo High-tech Enterprise Recognition Management Leading Group. Loctek Intelligent Drive was recognized as a high-tech enterprise. In the next three years, from 2021 to 2023, it can enjoy the relevant tax preferential policies of the state for high-tech enterprises, that is, pay corporate income tax at a tax rate of 15%.

The editor learned that the business scope of Loctek Intelligent Drive includes mechanical and electrical equipment manufacturing, furniture parts and components production, furniture manufacturing, first-class medical device production, etc. And this is not the first time that Loctek Co., Ltd. has been recognized as a high-tech enterprise. Previously, Loctek Ergonomics Technology Co., Ltd. also received the same recognition.

As a national high-tech enterprise, Loctek has 25 branches and subsidiaries, with nearly 4,000 employees worldwide, mainly in China, the United States, Vietnam, the Philippines and other places , and has its own linear drive manufacturing bases in Ningbo and Ho Chi Minh City respectively.

Including Lechuang Holdings, there are a total of 1,393 companies that have been recognized as high-tech enterprises , including companies in the fields of technology, electrical appliances, travel products, etc.

For corporate sellers, the country's tax incentive policy for high-tech enterprises can not only stimulate the enthusiasm of enterprises for independent innovation and reduce the burden of enterprise operations, but also improve the country's scientific and technological innovation capabilities and provide strong support for the sustainable development of high-tech enterprises.

Get rid of single trade management, and the foreign trade field tends to be technological

Generally speaking, high-tech enterprises are mainly concentrated in the fields of electronic information technology, biological and new medical technology, high-tech service industry, etc. In the past, foreign trade enterprises were mainly engaged in single trade operations and had weak scientific and technological attributes, so it was difficult for them to obtain high-tech enterprise qualifications.

However, in recent years, with the rapid development of new technologies and tools and their widespread application in the field of foreign trade, new formats and models in the field of foreign trade have emerged in an endless stream. The characteristics of digitalization, networking and intelligence are more obvious. At present, three new trends have emerged in the industry.

The first trend is the increasing application of digital technology. Digital exhibitions, social e-commerce, product crowdfunding, big data marketing, etc. have become important digital marketing methods.

The second trend is the rapid development of independent websites. With the vigorous development of the cross-border e-commerce industry and the growing strength of cross-border e-commerce entities, independent websites have gradually gained favor in the industry. According to the Ministry of Commerce's estimate in July last year , the number of independent websites in China has reached about 200,000.

The third trend is the continuous emergence of segmented service platforms. With the continuous extension of the foreign trade industry chain and supply chain and the further refinement of trade division of labor, a number of segmented platform service companies have emerged in foreign trade fields such as marketing, payment, delivery, and logistics.

The "Opinions on Accelerating the Development of New Foreign Trade Business Forms and Models" clearly states that foreign trade new business forms and models enterprises that have been recognized as high-tech enterprises can enjoy the preferential income tax policies for high-tech enterprises in accordance with regulations.

At present, many cross-border e-commerce companies have internal technical teams or product development teams. If a company can be recognized as a high-tech enterprise, it can legally obtain tax incentives and it is also convenient to apply for additional deductions for R&D expenses, corporate loans, government subsidies, etc. In the cross-border e-commerce circle, almost all well-known sellers, such as the above-mentioned Leckey, will apply for recognition as a high-tech enterprise through their parent company or subsidiary.

To obtain high-tech certification, eight conditions must be met

So, for cross-border e-commerce sellers, how do they determine whether their company meets the qualifications of a high-tech enterprise ?

According to the relevant provisions of the " High-tech Enterprise Recognition Management Measures " (Guokefahuo [ 2016] No. 32) , to be recognized as a high-tech enterprise, the following conditions must be met at the same time:

1. The enterprise must have been registered and established for more than one year when applying for certification;

(ii) An enterprise obtains ownership of intellectual property rights that play a core technical supporting role in its main products (services) through independent research and development, assignment, donation, merger, etc.;

(3) The technology that plays a core supporting role in the main products (services) of the enterprise falls within the scope specified in the "High-tech Fields Supported by the State";

(iv) The proportion of scientific and technological personnel engaged in R&D and related technological innovation activities in the enterprise shall not be less than 10% of the total number of employees in the enterprise in that year ;

(V) The ratio of the total research and development expenses of the enterprise in the most recent three fiscal years (the actual operating period shall be calculated based on the actual operating period if the actual operating period is less than three years, the same below) to the total sales revenue in the same period meets the following requirements:

1. For enterprises with sales revenue of less than RMB 50 million (inclusive) in the most recent year , the proportion shall not be less than 5%;

2. For enterprises with sales revenue of RMB 50 million to RMB 200 million (inclusive) in the most recent year , the proportion shall not be less than 4%;

3. For enterprises with sales revenue of more than 200 million yuan in the most recent year , the proportion shall not be less than 3%.

The proportion of the total research and development expenses incurred by the enterprise in China to the total research and development expenses shall not be less than 60%;

(6) The proportion of high-tech product (service) revenue in the past year to the total revenue of the enterprise in the same period is not less than 60%;

(VII) The evaluation of enterprise innovation capability should meet the corresponding requirements;

(8) The enterprise has not had any major safety or quality accidents or serious environmental violations within one year before applying for certification.

Tax evasion is not acceptable, legal business is the way to make money

In real life, many companies choose to be "smart" in order to reduce taxes, but the end result is usually not worth the loss.

Just like a cross-border e-commerce company in Hangzhou was recently exposed for tax evasion and fined 2.1 million yuan. Then, a supply chain company in Shenzhen was recently exposed for concealing 17.4 million yuan in income by setting up a shell company and opening a bank account in Hong Kong to collect business payments from overseas institutions . According to the data, the tax bureau's investigation of the supply chain company lasted from 2014 to 2021, a span of 8 years.

Therefore, it can be seen that the country's tax control system is becoming more and more powerful. The data of various departments are interconnected, and all data are networked and connected. The tax bureau has a clear view of it. Once a business seller is involved in tax evasion, it is only a matter of time before it is discovered.

In addition, the "double random, one public" policy will be fully implemented in 2022, that is, random sampling of inspection objects and random selection of law enforcement inspectors during the supervision process, and the results of random inspections will be disclosed to the public in a timely manner. For enterprises, they may be monitored and inspected at any time. Once the "cleverness" is discovered, the losses may be even more severe.

All of the above examples show that the country has many encouraging and guiding policies to support the growth of enterprises and sellers. But at the same time, there will also be corresponding laws and regulations to regulate those enterprises that want to take "evil ways". Therefore, legal operation and hard innovation are the real ways for enterprises to make money.

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High-tech enterprise certification