Multiple tax data shows that the vitality of China's business entities continues to improve. Technology | Data | China
CCTV News: The latest data released by the State Administration of Taxation shows that in the first half of this year, the sales revenue of China's high-tech service industry continued to grow, and the vitality of market operators continued to improve.
According to the value-added tax invoice data from the State Administration of Taxation, the sales revenue of high-tech service industry increased by 17.9% year-on-year in the first half of the year. Among them, the cumulative year-on-year growth of sales revenue from technology intermediary services was 29.1%, reflecting strong market demand for new technologies and accelerated transformation of scientific research achievements; The cumulative sales revenue of engineering technology research and experimental development, medical research and experimental development, and medical research and experimental development increased by 16.8% and 26% year-on-year, respectively, reflecting the continuous strengthening of research, creation, and experimental activities, providing effective support for scientific and technological innovation and application.
At the same time, a series of tax and fee preferential policies have effectively reduced the burden on business entities. From January to May, the policy of exempting small-scale taxpayers with monthly sales below 100000 yuan from value-added tax resulted in an additional tax reduction of over 100 billion yuan, benefiting over 20 million taxpayers.
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In addition, tax and fee preferential policies are constantly stimulating consumption potential.
This year, it is expected that the exemption of vehicle purchase tax for new energy vehicles will exceed 115 billion yuan. With the optimization and continuation of this tax preferential policy from 2024 to 2027, it will continuously stimulate the consumption potential of new energy vehicles in China and promote the high-quality development of the new energy vehicle industry.