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A loss making enterprise refers to an enterprise whose income cannot make up for the expenses incurred in the process of production and operation.Loss making enterprises can be divided into policy loss making enterprises andOperating lossesEnterprise.For policy deficit making enterprises, if they are within the scope allowed by the plan, the state will generally give financial compensation for practical measures to make up losses within a time limit.State run loss making enterprises shall not be subject to income tax within the prescribed period for making up losses.[1]
Chinese name
Loss making enterprise
Origin
Tax Dictionary
subsidies for losses by enterprisesAlso known as planned loss subsidy for state-owned enterprises, it mainly means that the statestate-owned enterpriseFinancial subsidies allocated to enterprises that are able to produce and operate some social needs according to the national plan, but have lost money in production and operation due to objective reasons.
