New Measures for Tax and Payment Services Experts: Further Assist Private Enterprises in Developing Taxation | Services | Private Enterprises

Private economy is the new force to promote Chinese path to modernization. On July 28th, Shen Xinguo, Director of the Tax Service Department of the State Administration of Taxation, stated in an interview with People's Daily that in order to actively support the development and growth of the private economy, the tax department will focus on supporting the development of small and medium-sized enterprises and individual businesses, and will introduce and optimize a number of tax and payment service measures as the fifth batch of measures in this year's "Convenient Tax Spring Action".

On August 6th, the State Administration of Taxation issued a notice on the continuation and optimization of the "Convenient Tax Action" to promote the development and growth of the private economy and serve high-quality development, introducing and optimizing 28 measures for convenient tax payment in five aspects.

The reporter found that the fifth batch of "Convenient Tax Spring Breeze Action" measures closely follow the actual production and operation situation of private enterprises, and have introduced 7 measures to further strengthen the implementation of tax and fee preferential policies, ensuring that policy dividends directly reach quick enjoyment. Previously, the State Administration of Taxation and the Ministry of Finance, in accordance with the deployment of the State Council, added the July prepayment declaration period as the time point for enjoying the policy of additional deduction of research and development expenses, promoting enterprises to increase investment in research and development innovation. In order to further enhance the convenience of enterprises to enjoy the above policies, the Notice specifies that for taxpayers who fail to timely enjoy the R&D expense deduction policy within the July tax collection period due to various reasons, they can supplement their enjoyment by changing the second quarter corporate income tax prepayment application in August and September.

At the same time, in order to promote business entities to be aware of the latest tax and fee policies, the Notice proposes to formulate and distribute a list of tax and fee preferential policies and related guidelines to support the development and growth of small and micro enterprises and individual businesses, improve the precise push mechanism of tax and fee policies, formulate and implement the "Norms for Precise Push of Tax and Fee Policies", better achieve "policy recruitment", and continuously expand the scope of application for enterprises to independently apply and enjoy. In terms of further facilitating tax and fee processing and improving response to demands, the Notice has launched and optimized 6 and 4 specific measures respectively, maximizing the reduction of taxpayer payment links, data, time, and costs, and better safeguarding the legitimate rights and interests of various business entities. In order to further facilitate the handling of taxes and fees, the Notice proposes to adopt measures for accessing and reusing 11 proof materials, such as the "Enterprise Financial Accounting System", to reduce duplicate submission of information, deepen the implementation of the "Individual Business Operator Identity Certificate" and other 12 tax proof matters notification commitment system, continuously optimize pre filling services for value-added tax, corporate income tax, personal income tax and other tax types, innovate environmental protection tax declaration methods in areas with data conditions, explore intelligent pre filling, and shorten filling time.

In terms of further improving demand response, the State Administration of Taxation and various provincial tax bureaus will simultaneously establish direct contact points for private enterprises, conduct regular visits and discussions on private enterprises, systematically sort out the problems strongly reflected by small and medium-sized enterprises, study practical and effective solutions, and timely respond to the reasonable demands of taxpayers and payers. Organize the tax system to continue the service season for small and medium-sized enterprises, focusing on the needs and expectations of small and medium-sized enterprises and individual businesses, expanding innovative service measures, and promoting the better implementation and refinement of the newly introduced series of tax and fee reduction policies.

Financial and tax experts believe that the 28 new measures launched in the fifth batch of "Convenient Tax Spring Breeze Action" are based on further improving the 81 measures launched in the first half of this year, focusing on the expectations of taxpayers and payers, and continuously improving the accuracy of tax guidance, convenience of tax handling and payment, and standardization of tax law enforcement. Its continuity, pertinence, adaptability, and innovation are further enhanced, demonstrating the improvement of tax service to national governance capabilities.

Fan Yong, Dean of the School of Finance and Taxation at Central University of Finance and Economics, stated that the State Administration of Taxation has launched 28 specific tax service optimization measures in five aspects: strengthening policy implementation, facilitating tax and fee processing, improving demand response, deepening cross-border services, and optimizing law enforcement methods to support small and medium-sized enterprises and individual businesses. The policies have continuity, pertinence, adaptability, and innovation, which will help relevant business entities develop and grow, and better serve high-quality development.

Li Xuhong, Director of the Academic Committee of the National Institute of Accounting in Beijing, stated in an interview with People's Daily that China's tax authorities have been deeply carrying out the "Convenient Tax Action" for 10 consecutive years to optimize the quality of tax services and help create a first-class business environment that is market-oriented, legal, and internationalized. The tax department further improves the precision of law enforcement through standardized process design, and makes every effort to reduce the differences in tax collection and management among various types and nature of business entities in different regions of China. The 28 measures mentioned in the Notice will further reduce the tax and fee burden on private enterprises and help promote high-quality economic development in China.

"The launch of the fifth batch of 'Convenient Taxation Spring Breeze Action' measures is another policy measure implemented by the State Administration of Taxation to promote the development and growth of the private economy in accordance with the instructions of the Party Central Committee and the State Council. It is also a concrete manifestation of the important decisions of the Party and the state to promote the development and growth of the private economy in the tax field. Professor Zhu Qing from Renmin University of China said that its biggest feature is the introduction of some policy measures specifically designed to serve small and micro enterprises and individual businesses. These policy measures are" tailored "for private economic entities, with strong targeting and strong service intensity, and will play a certain positive role in facilitating the legal taxation and healthy development of private economic entities.".