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Otis is the world's largest manufacturer and maintainer of people-moving products, including elevators, escalators and moving walkways. Founded more than 160 years ago by the inventor of the safety elevator, Otis offers products and services through its companies in more than 200 countries and territories, and maintains approximately 1.9 million elevators and escalators worldwide. Otis is a unit of United Technologies Corp., a leading provider to the aerospace and building systems industries worldwide
Approximately 2.6 million Otis® elevators and escalators in operation worldwide
Otis has a network of research and engineering facilities and test towers around the world
Company's two tallest elevator test towers are located in Shibayama, Japan (505 feet or 154 meters above ground; 89 feet or 27 meters below ground) and Bristol, Conn., United States (384 feet or 117 meters above ground)
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Wang Jun made these remarks when he responded to the reporter’s question about the “tax burden of small and micro enterprises†in the Great Hall of the People.
“The tax department supports the development of small and micro enterprises.†Wang Jun said that at present, there are nearly 10 million small and micro enterprises directly benefiting from tax incentives. Among them, a large concession is a small meager profit enterprise with an annual taxable income of less than 60,000 yuan, and the income is levied on corporate income tax after 50% of the taxable income. At present, more than 1.2 million small-scale and low-profit enterprises declare their enjoyment of this preferential policy.
Another discount is that since August 1, 2013, small-scale taxpayers and business taxpayers with a monthly sales or a turnover of not more than 20,000 yuan for small and micro enterprises will be temporarily exempt from VAT or business tax. According to statistics, this policy has benefited 6 million small and micro enterprises. In the pilot reform of the camp, small-scale taxpayers are taxed at a rate of 3%. The original business tax rate of these taxpayers is 5%, which is equivalent to a 40% reduction in tax burden.
Wang Jun pointed out that a considerable number of small and micro enterprises have indirectly benefited from tax incentives, such as the state's inclusion of eligible SME public technology service demonstration platforms into science and technology development supplies to give tax incentives. For example, by exempting and reducing the stamp duty and business tax of financial institutions, financial institutions are encouraged to increase support for small and micro enterprises. Last year, more than 10 million small and micro enterprises obtained loans.
Wang Jun said that more small and micro enterprises will receive tax incentives this year. First, the government's work report proposed to expand the pilot program of the reform of the camp to railway transportation, postal services, telecommunications and other industries, and more small and micro enterprises will benefit. "In particular, in the 'businesses' mentioned in the government work report, there are life service industries, and there are millions of enterprises, of which small and micro enterprises account for a large proportion, and will directly benefit from the pilot reform." Say.
Second, the scope of tax incentives for small and micro enterprises was further extended in the government work report. The State Administration of Taxation will work with the Ministry of Finance to study the policy measures to continue to increase the tax support for small and micro enterprises, such as appropriate expansion of the scope of application of preferential policies for small and small enterprises.
People
Nearly 66,000 employees globally with approximately 1,000 branch offices
Revenue
$12 billion in 2015
Installed Base
Service Base
Approximately 1.9 million elevators and escalators serviced by Otis worldwide
Countries
Products sold and serviced in more than 200 countries and territories
Manufacturing
Major manufacturing facilities on four continents
Engineering and Test Centers
More small and micro enterprises will receive tax benefits this year.
Summary Wang Jun, director of the State Administration of Taxation said in an interview with reporters on the 10th, at present, nearly 10 million times to enjoy the tax benefits directly to small and micro enterprises, this year will further support efforts to increase the tax, such as the expansion of small and micro enterprise income tax preferential policies Scope of application. Wang Jun is in the people...
Wang Jun, director of the State Administration of Taxation, said in an interview on the 10th that at present, nearly 10 million small and micro enterprises have directly enjoyed tax concessions, and this year will further increase tax support, such as expanding the micro-enterprise income tax preferential policies. Scope of application.