Chinanews.com, Nanjing, July 6th, title: The "gift package" of tax benefits for enterprises continues to upgrade, and Nanjing's enterprise development adds more impetus
Author Shen Yi Chen Xiaoxiao Shen Ran
In the first and second quarters of this year, a package of tax and fee preferential documents was intensively issued by various national departments.
In order to ensure the effective implementation of policy dividends, the Nanjing taxation department has actively stepped into the parks, communities, and enterprises in the past few days, preaching the new tax policy, sorting out the multi-level and multi-dimensional needs of enterprises, and helping various types of enterprises to effectively use the "gift package" of tax benefits.
Continue to implement some preferential tax and fee policies in response to the epidemic, clarify the VAT exemption policy for small-scale VAT taxpayers, improve the pre-tax deduction policy for research and development expenses, and implement the preferential income tax policy for small and micro enterprises and individual industrial and commercial households... Since this year, it has been introduced The various tax and fee preferential policies of many front-line companies seem to be targeted and "real money" support.
Jiangsu Jiusheng Environmental Group Co., Ltd. is a group company engaged in urban environmental governance and consulting. According to the existing tax preferential policies, it belongs to the life service industry and can enjoy the preferential policy of life service value-added tax.
"Starting from 2020, enterprises will begin to enjoy preferential policies for exemption of value-added tax on life services. The annual tax-exempt income is 122.69 million yuan, and the actual value-added tax reduction and exemption will be 5.352 million yuan. Continue to enjoy preferential tax policies for the prevention and control of the new crown epidemic , The tax-free income in the first quarter was 55.28 million yuan, and the actual value-added tax reduction was 2.05 million yuan." Ma Weiping, the financial officer of Jiangsu Jiusheng Environmental Group Co., Ltd., introduced.
"Nanjing Jiushenghui Environmental Engineering Co., Ltd., a subsidiary of our group, is a small and micro enterprise. It not only enjoys the preferential policy of value-added tax for life services, but also enjoys the specific preferential policies for small and micro enterprises. The benefits of micro-enterprise are not “drizzle”. These tax reduction policies are very powerful, and the conversion into “real money” will undoubtedly play an exciting role in the development of the enterprise.” When it comes to future development, Ma Weiping is full of confidence. "In the face of the new situation, our enterprises will definitely seize the opportunity, make good use of policy space and tax dividends, nurture new opportunities in the crisis, and create new opportunities amidst changes."
Increasing the additional deduction ratio of manufacturing enterprises' R&D expenses from 75% to 100%, and it can be cashed within this year, is the most powerful policy in this year's structural tax cuts.
According to Sun Guosong, Section Chief of the Second Inspection Bureau of the Second Inspection Bureau of the Nanjing Taxation Bureau, “This year not only the percentage of R&D expenses plus deduction has increased to 100%, the calculation method of R&D expenses plus deduction is also very different from before. The extra deduction of R&D expenses is calculated only when the settlement is settled in the following year, and it can now be included in the calculation in the same year, which eases the financial pressure of the enterprise to a certain extent."
Nanjing Chia Tai Tianqing Pharmaceutical Co., Ltd. is a Sino-foreign joint venture driven by technological innovation and serving the global pharmaceutical market. There are currently hundreds of products under research, covering cardiovascular and cerebrovascular, tumors, surgical perioperatives, digestion, urology, etc. Core areas.
Zhang Wei, the company’s financial director, calculated the accounts for the company. “In 2020, Nanjing Chia Tai Tianqing’s R&D investment has reached 327 million yuan. If the R&D expense deduction ratio is increased from 75% to 100%, you can enjoy the extra deduction. The deduction amount will reach 290 million yuan, which is really a major benefit to the company. The 25% increase in the proportion means an additional R&D fee of 72.5 million yuan and a reduction in income tax of 10.87 million yuan. It is expected that CP Tianqing will add deductions in 2021. Will exceed 230 million yuan."
"In the near term, R&D investment is considered to be'burning money', but the long-term benefits are very considerable. In the future, we will continue to strengthen the investment in independent R&D capabilities and the exploration of innovative technologies with the help of the new tax policy. A good policy for pre-tax deductions." Zhang Wei said.
"R&D—Tax Reduction—Re-R&D", tax incentives have become an "accelerator" that promotes a virtuous circle of corporate innovation. A series of tax incentives that support technological innovation allow companies to greatly reduce production and operation costs and pay more competitive salaries. In order to retain talents, improve the level of research and development, and enhance core competitiveness, it provides a solid guarantee for maintaining technological advantages and continuous research and development of new products.
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