Tax reduction and fee reduction provide direct impetus for enterprises to increase momentum (entering the market to see confidence) Policy | Enterprises | Market

The meeting pointed out that we should continue to implement proactive fiscal policies and prudent monetary policies, continue, optimize, improve, and implement tax and fee reduction policies, play the role of aggregate and structural monetary policy tools, and strongly support technological innovation, the development of the real economy, and small and micro enterprises.

Since the beginning of this year, a series of tax and fee preferential policies that continue to optimize and implement innovation have helped business entities alleviate financial pressure, enhanced confidence in increasing innovation and the drive to expand production. In the first half of the year, the country added 927.9 billion yuan in tax reduction and fee deferral, and small and medium-sized enterprises added 576.6 billion yuan in tax reduction and fee deferral.

Accurate and direct delivery of tax benefits and red envelopes, giving enterprises confidence in climbing hills and overcoming obstacles

In the new factory of Baohan Industry and Trade Co., Ltd. in Xiamen, Fujian, covering an area of over 2500 square meters, more than 30 newly purchased equipment are operating at high speed, and more than 40 newly recruited workers are rushing to make children's clothing.

"In recent years, due to the impact of the epidemic, production and operation have faced some difficulties, and recruitment has not been very smooth." The company's financial manager, Zeng Huili, said that benefiting from policies such as preferential income tax for small and micro enterprises and halving the collection of "six taxes and two fees", the company will enjoy about 1.2 million yuan in tax benefits in 2022; After the policy was extended this year, an additional 1.15 million yuan in tax benefits were received in the first half of the year, reducing the operational burden and giving enterprises the confidence to build new factories, purchase equipment, and actively transform and upgrade.

The tax and fee policies focus on continuity and accuracy. The continuation and optimization of these policies, including the reduction of value-added tax for small-scale taxpayers and the reduction of income tax for small and micro enterprises and individual businesses, provide relief for small and micro business entities. In the first half of the year, the value-added tax exemption policy for small-scale taxpayers with monthly sales of 100000 yuan or less added a tax reduction of 214.8 billion yuan, the tax collection rate for small-scale taxpayers decreased from 3% to 1%, and the policy added a tax reduction of 82.2 billion yuan. The income tax reduction policy for small and micro profit enterprises added a tax reduction of 79.3 billion yuan.

The report of the 20th National Congress of the Communist Party of China proposed to "accelerate the construction of a strong manufacturing country". In the first half of this year, the manufacturing industry and related wholesale and retail industries added 381.8 billion yuan in tax reductions and deferred tax refunds, accounting for 41%.

At Yongji Reservoir in Zhuanghe City, Liaoning Province, more than 50000 neatly arranged cement columns hold up blue photovoltaic panels, forming a spectacular photovoltaic power generation "matrix".

"From last year to the first quarter of this year, we have enjoyed a VAT rebate of 27.215 million yuan, and this year is expected to enjoy a corporate income tax preference of nearly 15 million yuan." Guo Zinuo, the financial director of Mount Taishan Hongri Photovoltaic Power Generation Co., Ltd. in Dalian, said that the total investment of Yongji Reservoir's "fish light complementary" power generation project exceeded 800 million yuan, with a large initial investment. The tax support policy helped enterprises reduce the financial pressure and promote the in-depth development of photovoltaic resources.

The precise and direct policy dividends have effectively promoted the development of manufacturing enterprises. In the first half of the year, the added value of industries above designated size in China increased by 3.8% year-on-year, an increase of 0.8 percentage points compared to the first quarter. The added value of the equipment manufacturing industry increased by 6.5% year-on-year, 2.7 percentage points higher than the growth rate of large-scale industries.

Continuous optimization of preferential policies and confidence in technological innovation

The sugar and water content of apples can be displayed through mobile phone photography, and the sweeping robot automatically recognizes oil and water stains on the ground... Beijing Heguang Technology Co., Ltd. is committed to transforming these intelligent scenes into practical applications.

"As a high-tech enterprise, our R&D expenses account for approximately 70% of our total expenses. In the July declaration period, we declared an additional deduction of 16 million yuan for R&D expenses and enjoyed a reduction of 2.4 million yuan in corporate income tax. With the strong policy of encouraging innovation in the country, we need to accelerate R&D," said Hong Xiaochang, a person in charge of Guangke Technology.

In order to stimulate the willingness of enterprises to innovate, in recent years, China has continuously optimized its R&D expense deduction policy: on the one hand, it continues to increase the deduction ratio and expand the scope of beneficiaries; On the other hand, optimizing the time for enterprises to enjoy policies, from allowing enterprises to enjoy additional deductions for research and development expenses in the first three quarters when making prepayments in October 2021, to institutionalizing and long-term this measure in 2022, and this year clarifying that policies can also be enjoyed when making prepayments in July... Policies continue to be strengthened to provide support for more technology innovation oriented enterprises. From the implementation of policies in July, a total of 308000 enterprises nationwide have applied for R&D expense deduction in advance, and can enjoy a tax reduction of about 230 billion yuan.

Including the policy of additional deduction for research and development expenses, the current tax incentives for enterprise innovation have covered entrepreneurial investment, innovation entities, research and development activities, etc.

"The research department has been working overtime on research and development, and has recently made new breakthroughs. Rizhao Chenxu New Materials Co., Ltd., located in Wulian County, Shandong Province, specializes in the research and development, production, and sales of spunbond and melt blown nonwoven materials. General Manager Yu Yang said," Previously, we purchased equipment such as web forming machines and slitting machines in one go, spending 3.2743 million yuan. We enjoyed a one-time deduction policy for current cost expenses before calculating corporate income tax, and reduced the tax amount by about 810000 yuan. We invested the saved funds in scientific research and innovation, laying a solid foundation for the development of more high-quality products. "

"In June of this year, the company was recognized as a high-tech enterprise. The country's tax and fee preferential policies for high-tech enterprises have been continuously optimized, supporting private enterprises to enhance their technological innovation capabilities, and our development momentum has become even stronger," said Yu Yang.

In the first half of the year, the sales revenue of high-tech industries and core industries of the digital economy increased by 10.7% and 8.8% year-on-year, respectively, an increase of 1.7 and 5.4 percentage points compared to the first quarter.

Standardized and convenient tax and fee collection, providing enterprises with a greater sense of gain

The Political Bureau meeting of the Central Committee of the Communist Party of China held on July 24th emphasized the need to resolutely crack down on arbitrary fees, fines, and assessments, and solve the problem of government arrears of corporate accounts. We need to establish and improve a regular communication and exchange mechanism with enterprises, encourage them to dare to venture, invest, and take risks, and actively create markets.

Since the beginning of this year, relevant management departments have taken multiple measures to thoroughly address the issue of illegal fees, effectively promoting the implementation of various preferential policies for fee reduction and burden reduction, and creating a good market environment for enterprise development.

"The market environment is good, and I am confident in growing my small business step by step," said Li Hai, who runs a restaurant in Chaoyang District, Beijing. In the special rectification work of illegal charging by enterprises, law enforcement officers from the Market Supervision Bureau of Chaoyang District investigated and punished a property company that violated the Price Law by charging heating fees higher than the government's pricing to merchants. A total of 1.21 million yuan was refunded, and Li Hai received a refund of over 60000 yuan.

Last year, the State Administration for Market Regulation organized a special campaign to crack down on illegal fees charged by enterprises. In conjunction with the National Development and Reform Commission, the Ministry of Finance and other departments, a joint inspection and inspection was carried out. A total of 117000 fee charging units were inspected, and 2622 cases of illegal fees were investigated and dealt with, directly reducing the burden on enterprises by over 6.3 billion yuan. This year, the State Administration for Market Regulation has deployed the rectification and cross inspection of illegal fees related to enterprises, with a focus on examining the charging issues in government departments and their subordinate units, the financial sector, public utility enterprises, and other fields. It has strictly investigated illegal activities in administrative approval intermediary service fees, commercial bank mandatory fees, and electricity engineering installation fees, focusing on reducing institutional transaction costs, financing costs, and energy costs for enterprises.

The opening of remote electronic tax payment has made it more convenient for our project departments to prepay taxes and save time and costs in tax processing. Recently, Zhai Zihui, a financial personnel of China Machinery Industry Machinery Engineering Co., Ltd., completed the tax payment for the Ningbo project department through the Electronic Tax Bureau at the company headquarters in Henan.

"We conducted a special research on cross provincial and cross regional electronic tax payment, targeting the demands of taxpayers. We further promoted the achievements of cross provincial and cross regional electronic tax payment nationwide, expanded the coverage of tax payment business, and met the diversified needs of cross provincial business taxpayers." said the relevant person in charge of the Revenue Planning and Accounting Department of the State Administration of Taxation.

Further promoting the achievements of cross provincial and cross regional electronic tax payment across the country is one of the key contents of this year's tax department's "Convenient Tax Handling Spring Breeze Action". Since the beginning of this year, the action has launched multiple measures, focusing on accelerating policy implementation, upgrading key services, and improving the quality of convenient processing, continuously improving the satisfaction and sense of gain of taxpayers.

"Recently, the" Opinions of the Central Committee of the Communist Party of China and the State Council on Promoting the Development and Growth of Private Economy "were released, increasing policy support for private economy. This will fully stimulate the vitality of private economy development and effectively promote its growth and development," said Tang Jiqiang, the chief economist of the West Finance Think Tank at Southwest University of Finance and Economics.