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Introducing new favorable policies for enterprises’ confidence in further development
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In the morning of January 21, the working staff with the Simen Tax Office of Yuyao Tax Bureau made a visit to NINGBO SSD MAGNETICS CO., LTD., introducing the latest favorable policies for micro and small enterprises. As is learnt, the sales volume of SSD Magnetics reached over 35 million yuan in 2018 and the corresponding tax amount payable added up to 1 million yuan, which enable SSD Magnetics enjoy this very favorable policies for micro and small enterprises. But due to the increases of both sales volume and profit in 2019, SSD Magnetics is no longer able to enjoy the favorable policy of 2018. But thanks to the new policy, covering more micro and small enterprises for tax reduction this year, SSD Magnetics is to enjoy the new policy.

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