Summary
[Exceeding 2.5 trillion yuan in tax cuts and fees to accurately reach the market players, the manufacturing industry and the private economy will benefit most]On January 20, the State Administration of Taxation held a press conference. Cai Zili, Director of the Revenue Planning and Accounting Department of the State Administration of Taxation, said that in 2020, The taxation department has adopted a series of practical and effective measures to ensure that the “real money” of tax reduction and fee reduction can accurately reach market entities. The annual tax reduction and fee reduction are expected to exceed 2.5 trillion yuan, which has successfully completed the 2020 government work report. The goal of reducing the burden for the whole year. (Securities Daily)
On January 20, the State Administration of Taxation held a press conference. Cai Zili, Director of the Revenue Planning and Accounting Department of the State Administration of Taxation, stated that in 2020, the taxation department has taken a series of practical and effective measures to ensureTax cutAccurate direct delivery of “real money” with reduced feesmarketThe main body, the annual new tax cuts and fees are expected to exceed 2.5 trillion yuan, successfully completing the 2020 governmentjobsreportThe determined annual burden reduction target.
Cai Zili said that tax cuts and fee reductions in 2020 will focus on helpingMarket playersAlleviating difficulties and promoting economic recovery growth. among them,manufacturingThe new tax and fee reduction in related links is expected to account for about 35%, which is the industry that will benefit the most; the new tax and fee reduction in the private economy is expected to account for about 70%, the most obvious benefit.
Beijing CountryaccountingCollegeprofessorCui Zhijuan told the “Securities Daily” reporter that the new tax and fee reductions in manufacturing and related links are mainly due toValue-added tax rateDecrease, research and development expensesAdditional deduction, PensionInsurancePreferential policies such as fee reduction.To reduce the burden of taxes and fees on the manufacturing industry, tax policies can be used insupplyThe role of the side structural reforms in reducing the burden on the manufacturing industry and increasingenterpriseThe vitality and innovation of the manufacturing industry will enhance the transformation and upgrading capabilities of the manufacturing industry.
“The private economy accounts for a relatively high share of the total plate of new tax cuts and fees, which is conducive to balancing the structure of diversified market entities and giving play to the decisive role of the market in resource allocation.” Cui Zhijuan said.
Zhang Yiqun, vice chairman of the Performance Management Committee of the Chinese Institute of Finance, told a reporter from the Securities Daily that the manufacturing industry bears the important task of my country’s economic transformation and upgrading and achieving high-quality economic development.duty freeThe cost policy benefits not only the manufacturing industry itself, but also the manufacturing industry as the core transmission to other relatedindustry, Forming the resonance effect of rapid economic recovery.
“In the face of the epidemic, my country decisively adopted a tax and fee reduction policy last year.GuaranteeThis enabled my country’s economy to break out of the negative growth in the first quarter and achieve a continuous rapid rebound. Among them, the tax reduction and fee reduction policy has played a vital role, especially the reduction of taxes and fees for the manufacturing industry is the key. “Zhang Yiqun said.
Cai Zili said that with the implementation of a series of large-scale tax and fee reduction policies and measures, the tax burden of Chinese enterprises has been reduced year by year. The 100,000 key tax source enterprises monitored by the State Administration of Taxation, the tax burden rate of sales income (that is, the tax burden of enterprises Tax andSocial security(Expenses and other expenses accounted for the proportion of sales revenue) 2020 is expectedYoYA drop of 8%. Among them, the key tax source manufacturing and private enterprise sales income tax burden rate is expected to fall by 8.8% and 9.5% respectively.
The reduction of tax burden has allowed more companies to focus more on business development.Shanghai Qianniu Agricultural Machinery Co., Ltd.the companyIt is a small low-profit enterprise, mainly making straw into fodder for cattle and sheep. “The company is still in its growth phase, and tax staff often promote and counsel preferential policies through WeChat and telephone.” Chairman and President of Shanghai Qianniu Agricultural Machinery Co., Ltd.engineerZhang Wei said that since the establishment of the company, the accumulated sales of tax-free feeds have exceeded 4.3 million yuan. Under the guidance of the tax administrator, all tax-free feeds have been declared. In recent years, the company’s straw resource utilization scale has been steadily expanded. In 2020, the output of roughage will reach more than 10,000 tons.
“Last year, my country implemented a tax and fee reduction policy that combines inclusiveness and pertinence. Manufacturing, small, medium and micro enterprises, and circulation services are the focus of tax and fee reduction. These are the key areas of the private economy.” Zhang Yiqun Said that at present, the tax contribution of our private economy has exceeded 50%.investmentAccounted for more than 60%, and invention and innovation accounted for more than 70%.EmploymentReach 80% and the number of enterprises exceeds 90%. Therefore, the implementation of tax and fee reductions for the private economy is inevitable to respond to the downward pressure on the economy, and it is also the key to ensuring employment and stabilizing people’s livelihood. It can not only effectively stimulate the development momentum of the private economy, but also stimulate the development potential of the entire economy and promote China’s economic development. Steady and far-reaching.
(Source: Securities Daily)
(Editor in charge: DF520)
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