People's Financial Evaluation: Finding the Right People for Tax and Fee Dividends and Arranging for Home Delivery | Tax and Fee | Financial Evaluation
On July 31st, the State Council executive meeting deployed and arranged 10 tax and fee preferential policies related to small and micro enterprises and individual businesses, and continued to optimize multiple tax preferential policies until the end of 2027. In order to promote the rapid implementation of policies, the Ministry of Finance, together with relevant departments, recently issued a series of announcements clarifying the policy content and operational methods. By reducing the burden of taxes and fees, promoting the alleviation of financing difficulties and high costs, and helping to stabilize and expand employment, we can further solve difficulties and increase momentum for small and micro business entities.
Small and micro enterprises and individual businesses scattered throughout urban and rural areas are the driving force of the national economy, and an important force in expanding employment, improving people's livelihoods, and promoting innovation and entrepreneurship. As of the end of 2022, the number of small and medium-sized enterprises in China exceeded 52 million, an increase of 51% compared to the end of 2018, making it the largest and most dynamic group of enterprises. All kinds of small factories, shops, and stalls are the "foundation" for stabilizing economic growth, guarding the "fireworks" of urban life, and are related to the "big ledger" of national economy and people's livelihood.
Tax and fee incentives are direct, effective, and fair policies that benefit enterprises, and are an important part of proactive fiscal policies. At present, China's development is facing many uncertain and unpredictable factors, and the vast number of business entities, especially small and micro enterprises and individual businesses, still face many difficulties. The Political Bureau meeting of the Central Committee of the Communist Party of China held on July 24th called for the continued implementation of active fiscal and prudent monetary policies, as well as the continuation, optimization, improvement, and implementation of tax reduction and fee reduction policies. The tax and fee incentives for small and micro enterprises and individual businesses have been further increased this time. While maintaining the continuity and stability of macro policies, more emphasis has been placed on precise and collaborative efforts. This not only links with monetary policies to improve the efficiency of financial services, but also echoes employment policies to strengthen human resource protection. Small and micro enterprises are the fundamental cells of the national economy. They are full of vitality, providing a steady source of employment, increasing income, and promoting consumption.
Through tax and fee incentives, the cash flow and labor supply of small and micro enterprises and individual businesses are expected to increase in real terms. This will not only help them overcome obstacles, but also effectively promote the increase of enterprise research and development investment, stable production, expansion, and excellent production capacity. It can be foreseen that after the implementation of tax and fee policies, their effects will be linked from the production end to the consumption end, promoting a virtuous cycle of production and sales, effectively expanding domestic demand, supporting the improvement of people's livelihoods, and promoting the effective improvement of quality and reasonable growth of quantity in the economy.
The "big gift package" of real gold and silver is of sufficient quality and weight. It is necessary to deliver it to small and micro enterprises and individual businesses as soon as possible, bridging the "last mile" of policies, in order to ensure that they truly enjoy tax benefits and dividends. It should be noted that the various tax and fee policies that have been continuously optimized and improved in recent times, with a wide range of projects, fields involved, and a long duration, have indeed put forward high requirements for policy implementation. Therefore, the tax department needs to make every effort to provide high-quality tax collection and management services, standardize policy implementation with high standards, and take multiple measures to solve problems and demands. On the one hand, we need to further leverage the role of tax big data, use big data to comprehensively screen out taxpayers who meet policy conditions, and strive to achieve "policy identification" and "policy delivery". On the other hand, it is necessary to closely monitor the implementation of policies, monitor their effectiveness, and promptly study and solve prominent problems reported by small and micro enterprises and individual businesses. With long-term efforts, we can assist business entities in overcoming difficulties.
Since the beginning of this year, industrial policies promoting high-quality development of the real economy, a package of measures promoting the development of the private economy, and tax preferential policies supporting small and medium-sized enterprises and individual businesses have been successively introduced from the central to local levels, with overlapping coverage and support methods. This requires strengthening collaboration among relevant departments, comprehensively sorting out various lists of policies that benefit enterprises, clarifying the responsible parties, and consolidating responsibilities to amplify synergies.
The wind blows the grass without breaking it, but it becomes weak and strong. Small and micro enterprises and individual businesses should also take the initiative to transform policy "warmth" into development momentum: by strengthening internal strength, we can improve the quality of products and services, and boldly explore more market-oriented production and operation models through innovation. Through hard work and perseverance, small and micro enterprises and individual businesses are sure to grow in the wind and rain of the market economy.
