China's tax cuts and fee reductions in 2018 have b

2022-10-23
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In 2018, the "first shot" of tax reduction and fee reduction in China has been launched, and the cost reduction of manufacturing enterprises will be the focus.

recently, the Ministry of finance, the national development and Reform Commission and other four departments jointly issued a notice on the suspension of the collection of administrative and institutional fees such as sewage charges, which has launched the "first shot" of tax reduction and fee reduction this year. At the same time, Shaanxi and other places have also begun to brew a new round of measures to reduce the tax burden of enterprises, in which the real economy, especially manufacturing enterprises with high technology content, has become the focus of tax reduction. Industry experts predict that this year's tax cuts and fee reductions will still bear the burden of "cost reduction", and the overall strength is not expected to be reduced compared with last year

this year's tax reduction and fee reduction started the "first shot"

a few days ago, the Ministry of finance, the national development and Reform Commission, the Ministry of environmental protection and the State Oceanic Administration jointly issued the "notice on matters related to the suspension of the collection of sewage charges and other administrative fees", which said that from January 1, 2018, the unified suspension of the collection of sewage charges and marine engineering sewage charges will be implemented nationwide. This year, China's tax cuts and fee reductions have fired the "first shot"

a new round of tax and fee reduction at the local level has also begun to study, deploy and launch relevant policies to continue to reduce the burden on enterprises. For example, Shaanxi Province recently issued the opinions on several fiscal and tax measures to support the development of the real economy. According to the Shaanxi Provincial Department of finance, among the 30 policies issued this time, specific support policies have been put forward in reducing the tax burden and supporting multi-channel financing. The policies have been implemented for three consecutive years, truly reducing the burden on enterprises

in addition, statistics in Shanghai show that after continuous clean-up and standardization, the proportion of non tax revenue in Shanghai's general public budget revenue fell from 12% in 2015 to 11.5% in 2017, more than 10 percentage points lower than the national average for three consecutive years. Shanghai also put forward the expected goal that the proportion of non tax revenue in general public budget revenue is expected to further fall to single digits by 2020

it is reported that Guangdong Province reduced the burden of enterprises by more than 260billion yuan in 2017. In 2018, it will continue to strengthen its support for the establishment of a modern economic system, study and propose new cost reduction measures, vigorously reduce the costs of enterprises in the real economy, and support the optimization and upgrading of the manufacturing industry

the central economic work conference held earlier made it clear in the deployment of key work in 2018 that vigorously reducing the cost of the real economy, reducing institutional transaction costs, continuing to clean up enterprise related charges, and increasing the investigation and rectification of arbitrary charges can extend the service life of equipment, deepen the reform of power, oil and gas, railway and other industries, and reduce the cost of energy use and logistics

the national financial work conference made it clear that this year we should continue to implement the policy of tax reduction and fee reduction, further reduce the burden on enterprises, improve the dynamic management mechanism of the technical requirements of the fee based testing machine and the mechanism for the investigation and handling of complaints about arbitrary charges, so as to prevent the rebound of fee items

The national tax work conference also pointed out that various tax reduction policies should be implemented this year. The tax department must not discount the implementation of various tax reduction policies. We should release tax policy dividends, further promote entrepreneurship and innovation, cultivate new drivers of development, and better stimulate market vitality and social creativity

tax cuts and fee reductions last year will exceed trillion yuan

an inventory of last year's economic performance shows that tax cuts and fee reductions have "contributed" to reducing the burden on enterprises, enhancing their vitality, stabilizing growth and adjusting the structure. According to statistics, in 2017, China implemented and improved the pilot policy of replacing business tax with value-added tax, introduced measures such as the simplified value-added tax rate, further cleaned up and standardized government funds and enterprise related charges, and reduced the burden on enterprises by more than trillion yuan throughout the year

among them, in 2017 alone, China's preferential tax policies supporting "mass entrepreneurship and innovation" reduced taxes for enterprises by more than 500billion yuan. Among them, the qualified small and low profit enterprises are reduced by half, and the small and micro enterprises with monthly sales of less than 30000 yuan are exempted from value-added tax and other preferential tax policies to support the development of small and micro enterprises, with a total tax reduction of more than 160billion yuan, benefiting more than 36million taxpayers; High tech enterprises pay income tax at a reduced rate of 15%, promote the healthy development of the software industry, support the development of the integrated circuit industry, and reduce value-added tax, enterprise income tax and other preferential tax policies, with a total tax reduction of more than 240 billion yuan; Accelerated depreciation of fixed assets and reduction of enterprise income tax by 13billion yuan; The tax reduction of R & D expenses plus tax incentives will exceed 100billion yuan, and the tax reduction effect will be further expanded

in the past five years, China's state-run tax reform has reduced the tax burden by nearly 2trillion yuan. Since the pilot project was fully launched, the tax burden of all industries has been reduced without increasing. In addition, 1368 government funds and administrative fees were cancelled, exempted, suspended and reduced, involving a reduction of 369billion yuan

Wang Jun, director of the State Administration of Taxation, said at the national tax work conference that the implementation of the replacement of business tax with value-added tax and the strengthening and efficiency of the active fiscal policy is a major measure to promote the supply side structural reform in China, and it is also the highlight of the current government to promote the reform of the fiscal and tax system. The reform not only opened up the deduction chain, but also expanded the impact of tax base, swept away friction and mechanical transmission resistance on torque measurement accuracy, lengthened the industrial chain, effectively promoted the development of "mass entrepreneurship and innovation" and the growth and expansion of new kinetic energy, and effectively promoted the continuous optimization and upgrading of economic structure

the transcripts of tax reduction and fee reduction at the local level have also been released. For example, the data released by the Shanghai Municipal Finance Department recently shows that the city's new tax cuts and fee reductions in 2017 will reach 50.5 billion yuan. For example, in terms of replacing business tax with value-added tax, thanks to the first mover effect of the pilot, it is estimated that the annual tax reduction scale can reach 115billion yuan, an additional 31billion yuan compared with the previous year. In addition, the implementation of policies such as simplifying the value-added tax rate and expanding the preferential scope of income tax for small and micro enterprises has resulted in a total new tax reduction of 33billion yuan

cost reduction of manufacturing enterprises will be the focus

China's tax reduction and fee reduction has been launched in 2018, and the cost reduction of manufacturing enterprises will be the focus

the industry pointed out that it is expected that the focus of tax reduction and fee reduction this year is still the real economy, especially the advanced manufacturing industry is expected to be given priority in tax reduction. Further cleaning up unreasonable charges and improving relevant systems to prevent the rebound of charges will also be the focus

according to the introduction of Shaanxi Province, the real economy is the foundation of economic development. Shaanxi Province launched the research and formulation of the opinions on several fiscal and tax measures to support the development of the real economy. The purpose is to try to solve the bottleneck constraints encountered in the development of the real economy, and strive to solve the problems encountered in the development of the real economy in the province, such as the heavy tax burden, insufficient investment in research and innovation, low conversion rate of scientific and technological achievements, small number of scientific and technological small and medium-sized enterprises Small and medium-sized enterprises have difficulties in financing and expensive financing

Jiang Zhen, an associate researcher at the Chinese Academy of financial strategies, the Academy of Social Sciences, said that this year's tax cuts and fee reductions should be more precise and targeted to solve the problem of economic and social transformation. It should also play a synergistic effect with the reform of simplifying administration and delegating power and "delegating management and service", because it is not only the tax burden that puzzles the development of enterprises, but also the administrative efficiency and other issues that affect the vitality of enterprises. He said that tax cuts and fee reductions are only a result of different tax structures, which should be combined with further improving the tax structure, changing the tax structure and increasing the proportion of direct tax

"on the whole, the economic growth and fiscal revenue in 2017 were better than expected, and the economy was also recovering. The trend of economic stabilization can also be stabilized by reducing taxes and fees. It is expected that the intensity will not be reduced this year, and the most important thing is to stimulate the vitality of enterprises, especially the vitality of new business forms, new industries and high-tech enterprises." Jiang Zhen said

according to the State Administration of Taxation, in addition to implementing various tax reduction policies, the tax department will continue to optimize the tax business environment and further pay attention to the reform of "deregulation and service" in the tax field. Specifically, we should vigorously deepen the reform of the tax collection and management system, continue to implement 30 measures to optimize the tax environment, and earnestly do a good job in optimizing the tax business environment. For the fifth consecutive year, we have carried out the "spring action to facilitate tax handling", further promoted the facilitation of tax handling, prepared the list of "at most one time" and the list of "whole process tax handling", continued to clean up the tax related materials required to be submitted by taxpayers, transformed and upgraded the tax handling service office, and further strengthened the cooperation between national tax and local tax, etc

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