Abstract: In order to continuously stimulate the vitality of market entities and stimulate the emergence of a large number of Specialized and Sophisticated SMEs, it is suggested that a brand-new tax system and policy support structure for small and micro enterprises should be established to thoroughly address the shortcomings of the current small and micro enterprise tax system and structure. It mainly includes lowering the threshold and tax burden of income tax and value-added tax, comprehensively canceling all kinds of small taxes, formulating preferential policies to support the innovation and employment of small and micro enterprises, and improving the stable development ecology of the industry.
