In the first three quarters, the nationwide new tax cuts and fees of 910.1 billion yuan to help companies relieve difficulties and add vitality

In the first three quarters, 910.1 billion yuan of new tax cuts and fees were added across the country——

Preferential tax and fee policies help companies relieve difficulties and add vitality (Rui Finance)

　　Since the beginning of this year, a series of tax and fee reduction policy measures have reduced the burden on enterprises and enhanced the vitality of market players.

At the State Council’s regular policy briefing held by the State Information Office a few days ago, the relevant person in charge of the State Administration of Taxation introduced that in the first three quarters, the country’s new tax cuts and fees were 910.1 billion yuan, of which 788.9 billion yuan was added in tax cuts and additional fee cuts. 121.2 billion yuan.

In the face of new situations and challenges in economic operations, tax and fee concessions will continue to help companies alleviate their difficulties.

　Preferential policies support the development of manufacturing industry

　　Wang Daoshu, deputy director of the State Administration of Taxation, introduced at the meeting that since the third quarter, the new situation and challenges in economic operations, especially the rise in commodity prices and rising production costs, have brought to the industrial economy, especially the manufacturing enterprises. On the basis of the tax and fee reduction policies already introduced, the state has further increased the policy that allows companies to enjoy the additional deduction of R&D expenses in the first three quarters in advance, implements phased tax deferral measures for small, medium and micro enterprises in the manufacturing industry, Heating companies have implemented "reductions, refunds, and deferred" tax measures to boost the confidence of market players.

　　According to reports, in the process of implementing phased tax deferral measures for manufacturing small, medium and micro enterprises, the tax department strives to be "fast, accurate, simple, and practical", that is, to release policy signals to market entities as soon as possible, and to accurately target manufacturing small, medium and micro enterprises. For enterprises, let taxpayers operate easily and effectively, and fully implement the tax deferred dividends.

　　In terms of policy orientation, for small, medium and micro manufacturing enterprises with annual sales of less than 400 million yuan (excluding 400 million yuan), the implementation of the policy of delaying the payment of some taxes and fees in the fourth quarter.

Among them, medium-sized manufacturing enterprises can postpone the payment of 50% of taxes and fees within the scope of the policy, and small and micro manufacturing enterprises can postpone the payment of all taxes and fees within the scope of the policy.

　　In addition to the implementation of a phased tax deferral policy for manufacturing small, medium and micro enterprises, the tax department also refunds the full monthly incremental value-added tax credit to advanced manufacturing enterprises, and refunds 60% of the incremental incremental tax credit to other manufacturing enterprises.

"In the first three quarters of this year, the taxation department handled a total of 22,400 manufacturing enterprises with a total of 91.7 billion yuan in tax refunds, of which 11,600 advanced manufacturing enterprises handled a tax refund of 42 billion yuan, further supporting the development of the manufacturing industry." Say.

　　"One reduction and two liters" to bail out small and micro enterprises

　　Since the beginning of this year, how effective is the preferential tax and fee policy for small and micro enterprises?

Cai Zili, Director of the Revenue Planning and Accounting Department of the State Administration of Taxation, introduced that in recent years, a series of preferential tax policies for small and micro enterprises have been increasing, and the policy effects have gradually emerged:

　　First, the threshold for small-scale VAT taxpayers has continued to increase.

The minimum value of VAT for small-scale taxpayers will be increased to 150,000 yuan this year from the monthly sales of 30,000 yuan to 100,000 yuan in 2019; the number of small-scale taxpayers who enjoy the exemption policy and tax reduction The amount further increased.

　　Second, the rate of small-scale VAT taxpayers has been drastically reduced.

This year, we will continue to implement the policy of reducing the collection rate of small-scale VAT taxpayers from 3% to 1%. Taxpayers with monthly sales income of more than 150,000 yuan will reduce their tax burden by 2/3. The tax reduction of 118.8 billion yuan in the first three quarters will benefit. 7.58 million taxpayers.

　　Third, the actual income tax rate of small and low-profit enterprises continued to decrease.

On the basis of halving the income tax on the part of small and low-profit enterprises whose income does not exceed 1 million yuan in 2019, the levy will be halved again this year, and the actual tax rate is only 2.5%.

　　Cai Zili said that relevant tax and fee preferential policies and measures have achieved positive results of "one reduction and two liters", that is, tax burden reduction, employment absorption and market entrepreneurial vitality have both increased.

　　Statistics show that in the first three quarters, 70% of small and micro enterprises that had income from operating activities did not need to pay taxes.

In the first three quarters, the tax paid by small and micro enterprises per hundred yuan of sales revenue decreased by 18.9% year-on-year.

In September, the number of employees in small and micro enterprises across the country who declared individual tax increased by 9.9% year-on-year, and has been increasing month-on-month for seven consecutive months since returning to work during the Spring Festival.

As of the end of the third quarter, there were 60.76 million small and micro enterprises and individual industrial and commercial households in the tax-related market in the country, a year-on-year increase of 6.7%, an increase of 21.7% over the same period in 2019, and an average increase of 10.3% over the two years.

　　"Four Focuses" enhance the vitality of market entities

　　Wang Daoshu summarized the policy orientation of tax and fee measures this year as "four focuses": focus on supporting the stable operation of the industrial economy, focus on supporting the development of small, medium and micro enterprises, focus on supporting technological innovation, and focus on supporting foreign investment.

　　In terms of supporting technological innovation, one of the highlights of this year’s tax and fee reduction is that companies can enjoy the additional deduction policy for R&D expenses in the first three quarters in advance, and for manufacturing companies, the deduction ratio will be increased from 75% to 100%.

In general, the policy effect is beyond expectations.

All kinds of enterprises across the country enjoy an extra deduction of 1.3 trillion yuan in advance, and a tax reduction of 333.3 billion yuan. The extra deduction accounted for 77.6% of last year’s final settlement. Enterprises enjoy policy dividends earlier and more vigorously. To further reduce the R&D costs of enterprises, and enhance the vitality and momentum of technological innovation.

　　In terms of supporting foreign investment, foreign-funded enterprises can also enjoy the various preferential tax and fee policies introduced this year.

At the same time, we will continue to implement special preferential policies such as the deferred tax payment for profit reinvestment of foreign-funded enterprises, serve to expand the opening up, and enhance the confidence of foreign investors in China.

Regarding this, foreign-funded enterprises commented quite positively.

The survey shows that in the first three quarters of this year, companies that have already filed deferred tax returns, and nearly 90% believe that the deferred tax policy has played a "key role" and "accelerated the implementation of capital increase decisions."

　　Wang Daoshu said that the taxation department will optimize tax and fee services with higher standards, take more practical measures to help companies alleviate difficulties, make greater efforts to stimulate market vitality, better serve high-quality development, and give full play to the fundamental nature of taxation in national governance. , Pillar and supporting role.

　　Wang Wenzheng