China News Service, Beijing, March 12 (Reporter Li Jinlei) The reporter learned from the State Administration of Taxation that during the "Thirteenth Five-Year Plan" period, my country’s new tax cuts and fees totaled over 7.6 trillion yuan, and the macro tax burden was declining year by year. Reduced to 15.2%.

Data map: The Luoyuan County Taxation Bureau of the State Administration of Taxation has opened a green channel for consultation on preferential tax policies for epidemic prevention and control to help enterprises resume production and sales.

Photo by Wu Yanbin

my country's macro tax burden dropped to 15.2%

  This year's government work report published a report card of tax and fee reductions for 2020, which reduced the burden of market entities by more than 2.6 trillion yuan throughout the year, of which 1.7 trillion yuan was reduced or exempted from social security.

  Statistics from the State Administration of Taxation show that during the "13th Five-Year Plan" period, the total amount of new tax cuts and fee reductions in five years has exceeded 7.6 trillion yuan.

  During the "Thirteenth Five-Year Plan" period, a series of tax and fee reduction policies were introduced in an orderly manner.

From 2016 to 2018, we will comprehensively launch the pilot program of the VAT reform, consolidate and reduce the value-added tax rate, and raise the standard for deduction of individual tax.

In 2019, a larger-scale tax and fee reduction will be implemented. In 2020, 7 batches of 28 tax and fee preferential policies will be introduced to support epidemic prevention and control and economic and social development.

  With the implementation of a series of tax and fee reduction policies, from 2016 to 2019, my country's macro tax burden (that is, the proportion of tax revenue in general public budget revenue in GDP) will be 17.47%, 17.35%, 17.01%, and 16.02%, respectively, in 2020 It further fell to 15.2%, which was nearly 3 percentage points lower than the 18.13% at the end of the "Twelfth Five-Year Plan" period in 2015.

Data map: Staff of the tax bureau assisted taxpayers to fill in the "VAT Tax Return" photo by Zuo Linjun

Support for innovation tax cuts totaled over 2.5 trillion yuan

  Tax data shows that during the "13th Five-Year Plan" period, the amount of tax reductions and exemptions for my country's encouragement of scientific and technological innovation has increased by an average annual rate of 28.5%, with a cumulative tax cut of 2.54 trillion yuan in five years.

  Tax incentives benefit the manufacturing and high-tech service industries more. The three major industries of manufacturing, information transmission and information technology services, scientific research and technical services account for nearly 90% of the tax reductions.

  From the perspective of detailed data, the number of enterprise households that enjoy the additional deduction policy for R&D expenses has increased from 53,000 in 2015 to 339,000 in 2019, an increase of 5.4 times in five years; tax deductions have increased from 72.6 billion yuan to 339,000 355.2 billion yuan, reaching 360 billion yuan in 2020, with an average annual growth rate of 37.8%.

  The deduction of R&D expenses has continued to increase, effectively stimulating the R&D investment and innovation vitality of enterprises. The national research and experimental development (R&D) investment has increased from 1.42 trillion yuan in 2015 to 2.44 trillion yuan in 2020. Both achieved double-digit growth, becoming the world's second largest R&D spending country.

New tax-related market entities increase an average of over 10 million households per year

  Statistics from the State Administration of Taxation show that during the "13th Five-Year Plan" period, the number of new tax-related market entities nationwide increased by over 10 million households per year. The overall increase is high in activity, vitality, and growth, which strongly promotes sustainable economic and social development.

  During the "Thirteenth Five-Year Plan" period, there were 57.453 million new tax-related market entities nationwide, an increase of 26.074 million or 83.1% over the "Twelfth Five-Year Plan" period.

During the same period, a total of 24.039 million tax-related market entities were cancelled nationwide. New openings and cancellations offset the cancellation. During the 13th Five-Year Plan period, the nationwide net increase in tax-related market entities was 33.414 million, an increase of 77.3% from the end of the “Twelfth Five-Year Plan” period.

  From the perspective of industry segments, the proportion of modern service industries in the newly established tax-related market entities has increased significantly, and the proportion of labor-intensive industries has declined year by year.

  During the "Thirteenth Five-Year Plan" period, the number of new tax-related market entities in modern service industries such as leasing and business services, scientific research and technical services, information transmission and information technology services accounted for 10%, 3.9%, and 2.8 respectively in 2015. % Increased to 13.7%, 5.5%, and 3.8% in 2020.

The proportion of new tax-related market entities in labor-intensive industries such as wholesale and retail, accommodation and catering has decreased year by year, from 43.4% and 12.7% in 2015 to 37.3% and 7.6% in 2020, respectively.

Data map: The picture shows a service enterprise by the staff of the Taxation Bureau of Dalian High-tech Industrial Park.

Photo by Zuo Xin

The total export tax rebate exceeds 7 trillion yuan

  In order to further open up to the outside world and stabilize foreign trade, during the "13th Five-Year Plan" period, my country has repeatedly raised export tax rebate rates to help companies cope with the impact of Sino-US trade friction and the negative impact of the global epidemic.

  According to statistics, in the past five years, the total export tax rebate has increased from 1,174.2 billion yuan in 2016 to 1,454.9 billion yuan in 2020, an average annual increase of 2.6%. The total export tax rebate for five years has been 7,073.6 billion yuan, which has effectively reduced the cost of foreign trade enterprises and promoted foreign trade. Exports have grown steadily.

  At the same time, the taxation department coordinated and promoted a number of facilitation measures, continuously simplified the tax refund process, reduced the time limit for tax refund processing, and accelerated the progress of export tax refunds. The average processing time for normal export tax refunds nationwide has been reduced from 13 working days in 2018 to 10 in 2019. Within the working day, 2020 will be compressed to 8 working days, which relieves the pressure of corporate capital occupation.

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