In order to reduce the cost of entrepreneurial innovation, enhance the driving force for small and micro enterprises and promote the expansion of employment, the conference decided to increase the tax reduction in accordance with the requirements of the central economic work conference and the government work report. One is to enjoy the value upper limit of the newly purchased research instruments and equipment units, from 10. 0 million yuan is raised to 5 million yuan. Two, we will enjoy the upper limit of the annual taxable income of small and micro enterprises, which is reduced by half of the preferential tax policies for enterprise income tax, from 500 thousand yuan to 1 million yuan. The above two measures are implemented from January 1, 2018 to December 31, 2020. The three is to cancel the enterprises entrustment of overseas research and development expenses. The four is to extend the age of loss of high-tech enterprises and small and medium-sized enterprises from 5 years to 10 years. The five is to raise the quota of the pre tax deduction for the general education of employees and the quota of hi-tech enterprises from 2.5% to 8%. The three measures mentioned above have been implemented since January 1st this year. Six, from May 1st, the stamp tax on the funds set up by the taxpayer is reduced by half of the stamp tax on the capital and the total amount of capital, and the other books are exempted from stamp duty. The seven is to extend the preferential policies of venture capital enterprises and angel investment individuals to the seed period and the initial stage of technology enterprises to deduct the taxable income according to the investment amount of 70%, which are currently being pilot in the 8 comprehensive innovation and reform experiment areas and Suzhou Industrial Park. The preferential policies of corporate income tax and personal income tax have been implemented since January 1st and July 1st respectively. Taking the above 7 measures, it is expected that the tax burden will be reduced by about 60000000000 yuan for the whole year. The conference also studied other matters.