China News Service Client, April 29th. The reporter learned from the State Administration of Taxation that, according to statistics, the nationwide total of tax reductions and fees in the first quarter of this year was 742.8 billion yuan. It is mainly composed of the following two parts: one is the new tax and fee preferential policies to support epidemic prevention and control and economic and social development in 2020, the new tax reduction and reduction is 318.2 billion yuan; the second is the larger tax reduction and reduction policy in 2019 The tax cut and fee reduction formed by the continued implementation in 2014 was 424.6 billion yuan.