(Economic Observation) Tax cuts and fee cuts stimulate China's domestic tourism vitality
China News Agency, Beijing, October 2 (Reporter Zhao Jianhua) The 8-day holiday from October 1 to 8 brought "great profits" to China's domestic tourism industry.
According to the news published on the official website of the Ministry of Culture and Tourism of China, on October 1, the first day of the holiday, the country received 97 million domestic tourists, a recovery of 73.8% year-on-year on a comparable basis; tourism revenue was 76.65 billion yuan (RMB, the same below). On a comparable basis, it recovered 68.9% year-on-year.
In Wuhan, tourists in Yellow Crane Tower Park line up to visit the building.
In Beijing, tickets for the Forbidden City in Beijing have been sold out for the entire holiday (the upper limit of passenger flow has been adjusted from 80,000 per day before the epidemic to the current 30,000).
The national tourism industry has recovered to 70% to 80% of previous years, and the pressure on most scenic spots and tourism companies has eased.
Data map: Yellow Crane Tower in Wuhan, Hubei.
Photo by China News Agency reporter Zhang Chang
Before that, they had endured suffering for a long time, and for a long time they fell into a complete stagnation.
In the middle and western part of Jiangxi, Wugong Mountain has 100,000 acres of meadows stretching on the top of the mountain, and has a long history and culture of more than 1,700 years.
Hu Jianbo, head of Wugongshan Industrial Co., Ltd., said that in the first quarter of this year, the revenue of scenic spots was almost zero, and the capital chain was facing unprecedented pressure.
Tourism companies that invested large sums of money before the epidemic made the situation worse.
In Xinmi City, Henan Province, Li Songchen, the person in charge of the Fuxi Mountain Scenic Area, said that before the Spring Festival, he invested a lot of money to promote and add equipment. He wanted to increase profits during the (Spring Festival) peak season. The sudden epidemic caused these ideas to fall, and the financial pressure suddenly increased. .
In response to the difficulties of the tourism industry, China has introduced a series of tax and fee reduction policies to help companies bail out. Tax authorities continue to optimize services to ensure that companies can enjoy tax benefits in a timely manner, and promote the recovery and development of the tourism industry.
Hu Jianbo introduced that under the guidance of the tax authority, the company applied for a number of tax incentives this year, and the value-added tax reduction alone reached 6 million yuan.
The scenic spot uses these funds to expand promotion and attract tourists, and the summer vacation has paid off.
A series of preferential tax policies are being implemented, such as exemption of value-added tax for the life service industry, reduction and exemption of the two taxes on housing and land, which are indeed difficult to pay due to the impact of the epidemic, and phased reduction and exemption of corporate social insurance premiums.
Fan Yong, a professor at the School of Finance and Taxation of the Central University of Finance and Economics, said that preferential tax policies help tourism companies save operating costs and provide them with a buffer period.
After the tourism industry recovers, these policies will also provide support for the transformation and high-quality development of the tourism industry.
In addition to reducing taxes and fees, tax authorities also help tourism companies with good tax credit to quickly obtain loans from banks.
Li Songchen introduced that with the help of good tax credit, the company received more than 30 million yuan of unsecured loans in less than a week, and the confidence in the recovery has increased.
Including the Fuxi Mountain Scenic Area, the Henan Provincial Taxation Bureau signed a cooperation framework agreement with 20 financial institutions to inject 1.23 billion yuan in credit funds for 3,124 tourism companies.
The data shows that in July, Henan's total tourist arrivals were restored at a rate of 73.59% year-on-year, and the total income was restored at a rate of 69.05%.
In the whole country, all tourist resorts were reopened from July to August, and the number of receptions and income returned to about 90% of last year; the number of receptions and total income of rural tourism in the country have recovered to more than 90% of the same period in previous years, and the number of employees is basically Reached the level of the same period last year.
Li Xuhong, director of the Institute of Finance and Taxation Policy and Application of Beijing National Accounting Institute, said that the tourism industry is currently recovering in a good situation, and tax support policies have reduced the capital cost of enterprises and activated the vitality of industry growth.
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