China News Service, May 10, According to the website of the National Development and Reform Commission, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, and the People's Bank of China recently issued the "Notice on Doing a Good Job in Cost Reduction in 2021" (hereinafter referred to as the "Notice").

The "Notice" mentioned that it will continue to implement the 75% deduction policy for enterprise research and development expenses, and increase the additional deduction ratio for manufacturing enterprises to 100%.

  The "Notice" clarified that the system will continue to implement tax reduction policies, extend the implementation period of some phased policies such as value-added tax concessions for small-scale taxpayers, and implement new structural tax reduction measures.

Increase the value-added tax threshold for small-scale taxpayers from monthly sales of 100,000 yuan to 150,000 yuan.

On the part of small and micro enterprises and individual industrial and commercial households whose annual taxable income is less than 1 million yuan, on the basis of the current preferential policies, the income tax will be halved.

For advanced manufacturing enterprises, the incremental value-added tax will be refunded in full on a monthly basis.

Continue to implement the 75% deduction policy for enterprise R&D expenses, and increase the additional deduction ratio for manufacturing enterprises to 100%.

  The "Notice" requires that companies' fees in key areas should be reduced.

Continue to carry out broadband and private line speed-up and benefit enterprises, and reduce the average broadband and private line tariffs of small and medium-sized enterprises by another 10%, and continue to reduce the cost of cloud use for enterprises.

Clean up and standardize the urban water supply, power supply, gas and heating industry charges, and improve the quality and efficiency of the supply of water, electricity, heating and other products and services.

  The "Notice" mentioned that the implementation of the tax reduction and fee reduction bonus.

Continue to optimize taxation services and streamline the processing procedures and procedures for enjoying tax and fee policies.

Resolutely refrain from overcharging taxes and fees, resolutely prevent the centralization of tax owed taxes, arbitrary fee reduction policy dividends, and strict control of unreasonable growth of non-tax revenue.

Strengthen the supervision and inspection of charges in key areas such as intermediary agencies, industry associations and chambers of commerce, transportation and logistics, continue to increase the rectification of various types of illegal charges related to enterprises, and resolutely stop various violations that increase the burden on enterprises.