The first two months of the country's tax and fee reductions of 402.7 billion yuan

The first two months of the country's tax and fee reductions of 402.7 billion yuan

Bao Xingan

On March 31, the State Council Information Office held a press conference. Wang Daoshu, the chief auditor of the State Administration of Taxation, said that since the outbreak of the new crown pneumonia epidemic, the tax authorities have taken practical measures to ensure that the various preferential tax policies are not compromised. implement. In the first two months of this year, tax and fee reductions across the country totaled 402.7 billion yuan. With the advent of the quarterly reporting period in April, the statistical scale of enterprises enjoying tax cuts and fees will further expand.

Ernst & Young Greater China Tax Services Lead Partner Chen Hanlin told the Securities Daily reporter that China's tax and fee reduction measures have achieved great results, reflecting the government's determination to fulfill its corporate and social commitments. The most important thing is, These measures have brought confidence to the domestic market.

"Affected by the epidemic, many enterprises are facing operational difficulties. Increasing tax and fee reductions is an important measure to deal with the epidemic. The scale of tax reductions in the first two months of this year has effectively eased the downward pressure on the economy." Economic Research Department of China International Economic Exchange Center Deputy Minister Liu Xiangdong told a reporter of the Securities Daily.

According to Wang Daoshu, the figure of 402.7 billion yuan is composed of two parts: first, the new preferential tax policies for epidemic prevention and control and economic and social development introduced in 2020, with new tax reductions of 158.9 billion yuan; and second, 2019 The larger-scale tax reduction and fee reduction policy continued to be implemented in 2020. The tax reduction and fee reduction reached 243.8 billion yuan, mainly including the deepening of the value-added tax reform and the additional tax reduction of 136.5 billion yuan, and the reduction of the reporting rate. 100 million yuan, reduced construction costs for cultural undertakings, 2.8 billion yuan in additional fees for major national water conservancy construction funds, and other continually implemented policies such as tax reductions for small and micro enterprises $ 19.7 billion.

On February 6 this year, the Ministry of Finance and the State Administration of Taxation issued a document stating that the key protection material production enterprises for epidemic prevention and control can apply to the competent tax authorities on a monthly basis for a full refund of the incremental VAT credit. As a manufacturer with a production license for hydrogen inhalation medical equipment, Shanghai Rimage Medical Technology Co., Ltd. is one of the companies that comply with this policy. "The company has received a tax refund of 1.5 million yuan. This tax refund has increased the company's liquidity. The company used it to expand the number of workers and fully protect the production of materials." Gui Yangming, the company's financial director, told the Securities Daily reporter .

According to reports, in 2019, the retention tax rebate policy has been extended to the entire industry, and Shanghai Rimage Medical Technology Co., Ltd. has already enjoyed a retention tax rebate of nearly 700,000 yuan. During this year's epidemic, the Shanghai Jiading District Taxation Bureau opened a green approval channel for key guarantee material production enterprises. In just one working day, the 1.5 million yuan applied for by Shanghai Rimage Medical Technology Co., Ltd. through the electronic taxation bureau was left for tax refund. Approval.

"Because some enterprises, especially some small and medium-sized service enterprises, did not have much income during the epidemic, the relief effect brought by tax and fee reductions needs to be combined with a series of more direct measures such as financial subsidies and borrowing to make better use of them. "Said Chen Hanlin.

Wang Daoshu also said that recently, the state has increased the export tax rebate rate for 1,464 products. Except for "high energy consumption, high pollution and resource-based" products, the export tax rebate rate for all export products is the same as the tax rate, and export products have been realized. Zero tax rate. The increase in the export tax rebate rate will help reduce the operating costs of enterprises and increase the international competitiveness of export products. It is also a strong boost to the confidence of exporting enterprises.

Data from the State Administration of Taxation shows that as of March 30, since the implementation of these facilitation measures on February 10, the national tax authorities have handled a total of 204 billion export tax rebates for nearly 230,000 export enterprises, effectively reducing the capital of these export enterprises. pressure.

"At present, the resumption of work and production in various regions and industries is progressing in an orderly manner. However, due to the epidemic situation, the process of resuming production in the upstream and downstream of the industrial chain has been slow and fast. Therefore, it has helped the industry chain to connect and clear the 'blocking points' of the industrial chain. It is especially important to promote upstream and downstream collaboration to resume work and resume production. "Cai Zili, director of the Revenue Planning and Accounting Department of the State Administration of Taxation, said at the meeting that the tax department further explored the potential of tax big data application, and did a good job in taxation at the micro level to help enterprises resume work and resume production. jobs. As of March 30, local tax authorities have matched 45,000 suppliers for more than 2,600 raw material shortage companies, and the majority of companies have received real help.

Regarding how much space there is for tax and fee reductions in the future, Wang Daoshu said that the tax department will take advantage of direct contact with enterprises and will work with relevant departments to further strengthen research on different industries and different types of enterprises, and consider national financial resources as a whole. To meet the needs of enterprises to resume production and resume production, etc., put forward reasonable suggestions on tax and fee preferential policies. (Securities Daily)