In 2020, the new tax cuts and fees will exceed 2.5 trillion yuan-
Helping companies overcome difficulties and stabilize the economic fundamentals (new economic orientation · how to see in 2020)
According to statistics released by the State Administration of Taxation recently, in 2020, new tax cuts and fees for the whole year will exceed 2.5 trillion yuan, and 3.99 million taxpayers will be deferred to pay 29.2 billion yuan, and export tax rebates will be 1.45 trillion yuan in a timely and accurate manner. Effectively stimulated the vitality of market players.
Big tax data shows that in 2020, various macro policies will improve quality and efficiency, and the growth rate of sales revenue of Chinese enterprises will generally show a trend of picking up quarter by quarter.
Industrial sales resume accelerated, new economic highlights frequently appear
"In the first 11 months of 2020, Great Wall Motors sold 961,500 new vehicles worldwide, and overseas export sales rose against the trend, up 2.77% year-on-year. Such results cannot be achieved without the strong support of preferential tax policies." Great Wall Motor Co., Ltd. Tax manager Qi Xiaochen said, “In the first November of 2020, the company will reduce taxes and fees by 1.35 billion yuan. We will use this policy bonus for technology research and development and opening up the international market.”
In 2020, in the face of the adverse impact of the epidemic on economic and social development, my country has successively introduced a series of preferential tax policies to support epidemic prevention and control and help resumption of work and production. 7 batches of 28 preferential tax policies have been continuously effective and precise. Help enterprises overcome difficulties and stabilize the economic fundamentals.
"The tax and fee reduction policy has effectively reduced the pressure on corporate financial funds, stabilized the workforce, and is conducive to social stability and economic recovery. In special periods, tax and fee reduction policies have played a more obvious role." Professor of Beijing National Accounting Institute Li Xuhong said.
Big tax data such as value-added tax invoices can directly reflect the development activity of market entities.
From January to October 2020, the national industrial enterprise sales revenue increased by 0.4%, and the cumulative growth rate achieved positive growth for the first time during the year; the investment-related construction industry sales revenue increased by 9.4%, 0.6 percentage points higher than the previous three quarters.
The recovery of industrial sales accelerated, the investment-related industries continued to improve, and the construction of infrastructure projects steadily advanced.
"Unexpectedly, export tax rebates in special periods can also be quickly received. We declare more than 300 million yuan of tax exemptions and refunds throughout the year, and the approval is completed on the day or the next day." Jiangsu Nanjing High Speed Gear Manufacturing Co., Ltd. General Manager Office Director Zhang Ling said.
In 2020, the Jiangning District Taxation Bureau of Nanjing City will closely monitor the difficulties faced by enterprises in resuming work and production, improve the efficiency of export tax rebate processing for export enterprises, and enhance the liquidity of export enterprises. A total of 539 households have been reviewed and approved, and the tax rebate amount should be 250 million yuan. The tax exemption and refund amount is 1.2 billion yuan.
The high-tech industry is developing steadily, and the growth of new momentum is accelerating
"Orders did not fall but increased by more than 40%, and the output value was 120 million yuan. The orders for 2021 have been scheduled to May." Jiangxi Suichuan Tongming Electronic Technology Co., Ltd. is a manufacturer of various precision single-sided, high-layer circuit boards Talking about the rising trend in 2020, Xie Bin, assistant to the general manager, said that companies have also faced major problems.
"Adding more than 20 million yuan in new equipment, launching the second phase of the project, purchasing raw materials and paying workers’ wages, all require a lot of funds." Xie Bin said that enterprises enjoy high-tech corporate income tax concessions, R&D expenses plus deductions, and social insurance premiums throughout the year. There are more than 5.2 million yuan in preferential tax and fee policies such as sex reductions and exemptions, which is a relief.
"Tax reduction and fee reduction are both'sending charcoal in the snow' and'icing on the cake'. In the first November of 2020, we will enjoy various tax and fee discounts of more than 23 million yuan, of which more than 8.4 million yuan will be deducted only for research and development expenses. Enterprises have reduced costs , With more energy and financial resources to upgrade the manufacturing process." Zhang Chunjie, financial officer of Shandong Weifang Haotai Machinery Co., Ltd., told reporters that the company will launch Linde Hydraulic Precision Intelligent Drive series projects in 2020, and it is expected to be fully integrated in May 2021. Put into production.
Li Xuhong believes that the in-depth implementation of the tax and fee reduction policy will help reduce business operating costs, increase cash flow, increase innovation revenue, accelerate the conversion of corporate kinetic energy, and increase the development speed of innovative enterprises.
In the first November of 2020, the national high-tech industry sales revenue increased by 13.7%, an increase of 0.5% over the previous October, and the development of high-tech industries has been steadily accelerating.
In order to better promote the accelerated growth of new kinetic energy, all localities are actively acting.
Hubei Xishui County has established a high-tech enterprise management account to accurately grasp the list of high-tech enterprises in its jurisdiction, and push relevant tax policies, tax declaration matters, and preferential enjoyment procedures to enterprises in a targeted manner; Fukang Taxation Bureau of the State Administration of Taxation Arrange a dedicated person to be responsible for the implementation of the policy on the deduction of R&D expenses, prepare detailed data comparison tables for high-tech enterprises, and key taxpayers' register of R&D expenses, etc., and provide timely and accurate guidance for taxpayers who are inaccurate in policy understanding and have misunderstandings in policy understanding.
The private economy is recovering well, and new momentum continues to increase
After more than 7 years of development, Shanghai Le Sui has grown into a leading company in the national fruit and vegetable and fresh packaging industry. It has independent design, research and development and production capabilities, has obtained a number of patents, and has a strong momentum of development.
In 2020, the company handed over a dazzling report card: the new material factory started, the production line expanded the production capacity, and the loss was turned into profit in the third quarter.
In the view of General Manager Yang Weifang, the gradual expansion of small and micro enterprises is inseparable from the support of various preferential policies.
"In 2019, the company invested more than 6.7 million yuan in research and development, and enjoyed a deduction of more than 2.25 million yuan in research and development expenses. In 2020, we will invest more than 4.5 million yuan in research and development, and we will develop new products with great effort.”
The epidemic is a big test for the development of small and medium-sized enterprises, and most of them are private enterprises.
With the implementation of a series of tax and fee reduction policies, the private economy is recovering well.
In the first October of 2020, the cumulative sales revenue of the private economy increased by 5.1%, which was 1.9 percentage points higher than the overall national level of enterprises.
Liu Shangxi, president of the Chinese Academy of Fiscal Sciences, believes that in 2021, more emphasis should be placed on improving tax and fee reduction policies through reforms, which must be combined with the reform of the corresponding social security system and taxation system.
"Looking forward to 2021, the tax and fee reduction policy should adhere to the principles of continuity, stability and sustainability, and focus on improving quality and efficiency." Li Xuhong said.
The recently held National Taxation Work Conference made it clear that in 2021, we will continue to implement and implement new tax and fee preferential policies, and continue to optimize the mechanisms and practices that promote policy dividends to market entities.
Further consolidate and expand the effectiveness of tax and fee reduction, promote the improvement of the modern tax system, and promote high-quality development.
Reporter Wang Guan