China News Service, January 28. On January 28, the Ministry of Finance held an online press conference on fiscal revenue and expenditure in 2020.
At the meeting, regarding the tax and fee reduction policy in 2021, the Ministry of Finance stated that it will continue to promote tax and fee reduction policies, maintain policy continuity and stability, and continue to implement institutional tax cuts such as deepening the reform of value-added tax and special additional deductions for personal income tax. Fee reduction policy.
Continue to implement the inclusive tax reduction and exemption policy for small and micro enterprises.
Maintain the necessary support for economic recovery, promote the resumption of work and production of enterprises and the stable operation of the economy.
At the meeting, a reporter asked: In 2020, a series of tax and fee reduction policies have been introduced in response to the epidemic, which are expected to reduce the burden of enterprises by more than 2.5 trillion yuan.
What are the positive effects of these policies?
What are the considerations for tax and fee reduction policies in 2021?
The Ministry of Finance responded that since 2020, in the face of the sudden new crown pneumonia epidemic, in accordance with the decisions and arrangements of the Party Central Committee and the State Council, the Ministry of Finance, in conjunction with relevant departments, has adhered to a proactive fiscal policy to be more proactive, increased tax and fee reductions, and introduced implementation. 7 batches of 28 targeted tax and fee reduction measures were implemented, including emergency measures to support epidemic prevention and control, as well as measures to help industries with greater difficulties affected by the epidemic, and measures to support enterprises to resume work and production , Especially focusing on helping small and micro enterprises to tide over the difficulties, and further increase tax support.
It is estimated that in 2020, the new burden of enterprises will be reduced by more than 2.5 trillion yuan.
The first is to focus on supporting the relief development of small and micro enterprises.
Among the more than 50 million small-scale taxpayers across the country, nearly 90% of them are exempt from value-added tax, and the levy rate for the remaining 6 million households has been reduced from 3% to 1%.
From January to November 2020, a total of 91.1 billion yuan of value-added tax will be exempted.
The phased reduction and exemption of pension, work-related injury, and unemployment insurance premiums for small, medium and micro enterprises and individual industrial and commercial households accounted for nearly 90% of all the three social insurance premiums.
Through a series of measures such as "exemption and mitigation", to help small and micro enterprises and individual industrial and commercial households tide over the difficulties.
In 2020, the sales revenue of the private economy will increase by 8% year-on-year, which is 2 percentage points higher than the overall level of national enterprises.
The second is to effectively guarantee the production and supply of epidemic prevention and control materials.
From January to November 2020, a total of 65.2 billion yuan in taxes and fees will be reduced or exempted for the production enterprises of key materials for epidemic prevention and control.
Among them, the production enterprises of key epidemic prevention and control materials enjoy the value-added tax rebate policy, with a total tax refund of 18.3 billion yuan; the key epidemic prevention material production enterprises enjoy the one-time deduction policy before the corporate income tax of newly purchased equipment, and the tax reduction is 8.4 billion yuan.
Tax and fee reduction measures have effectively increased the cash flow of enterprises, reduced capital occupation, supported enterprises to expand production, and greatly improved the ability to guarantee materials for epidemic prevention and control.
The third is to help enterprises in difficult industries to resume work and production.
Among the industries affected by the epidemic, the transportation, accommodation, and service industries will benefit the most from tax and fee reductions. From January to November 2020, taxpayers will enjoy the VAT exemption policy, which will reduce the burden by 38.2 billion yuan; all regions have a greater impact on the epidemic Of taxpayers have given relief policies such as real estate tax and urban land use tax, with a cumulative tax reduction of 29.2 billion yuan.
Through various tax reductions and exemptions, we have strongly supported various market entities to resume work, production and business, and the industries affected by the epidemic are gradually resuming growth.
The fourth is to strongly support stable employment and protect people's livelihood.
The targeted tax and fee reduction policies implemented in 2020, combined with the inclusive tax reduction and exemption measures for small and micro enterprises introduced in recent years, have effectively reduced the labor cost of enterprises and strongly supported the stable job and survival and development of enterprises.
By the end of 2020, the tax burden rate of sales income of 100,000 key tax-source enterprises across the country (tax and social insurance fees paid by enterprises as a proportion of sales income) is expected to drop by 8% year-on-year; 11.44 million new tax-related market entities nationwide, year-on-year An increase of 10.1% was higher than the level of the previous two years. The number of market entities increased rapidly, which strongly supported the employment of residents.
The Ministry of Finance pointed out that my country’s economy is currently showing steady recovery and growth, but the epidemic changes and the external environment are still facing many uncertainties. Some industries are still digesting the adverse effects of the epidemic, and the foundation for stable economic recovery is not yet solid.
In the next step, we will conscientiously implement the decisions and deployments of the Party Central Committee and the State Council, do a good job in the "six stability" work, fully implement the "six guarantees" task, further improve the tax and fee reduction policy, improve the accuracy and effectiveness of the policy, and continue to play The effect of tax and fee reduction policies.
One is to resolutely implement the policy of fine tax and fee reduction.
The Party Central Committee and the State Council’s decision to reduce taxes and fees is fully implemented to ensure that enterprises and the people have a real sense of gain.
Focus on optimizing the implementation mechanism of tax reduction and fee reduction, strengthen the coordination of departments, promote the sharing of tax and fee reduction information, pay close attention to changes in tax burdens in various industries, follow up the effect monitoring, analysis and judgment, and timely study and resolve outstanding problems reported by enterprises.
Further increase publicity and policy interpretation, increase the awareness of taxpayers and payers of policies, and help enterprises make full use of policies.
Continue to optimize taxation services, simplify taxation procedures, improve specific service measures, and smoothly reduce taxes and fees for the "last mile".
The second is to continue to promote tax and fee reduction policies.
Maintain policy continuity and stability, and continue to implement institutional tax and fee reduction policies such as deepening the reform of value-added tax and special additional deductions for personal income tax.
Continue to implement the inclusive tax reduction and exemption policy for small and micro enterprises.
Maintain the necessary support for economic recovery, promote the resumption of work and production of enterprises and the stable operation of the economy.
The third is to resolutely prevent the weakening of tax and fee reduction policy dividends.
Strengthen the guidance and supervision of local work, strictly organize income discipline, collect taxes and fees in strict accordance with laws and policies, increase the rectification of various types of illegal corporate fees, and seriously investigate and deal with issues such as policy failures, increased burdens on enterprises, and harm to the interests of the people To ensure that all measures are in place.