Zhongxin Finance On January 25th, the State Council Information Office held a press conference on the fiscal revenue and expenditure in 2021.
Vice Minister of Finance Xu Hongcai said at the meeting that in 2022, a new and stronger combined tax and fee reduction will be implemented in response to the needs of market players.
Xu Hongcai introduced that at present, my country's economic development is facing triple pressures of shrinking demand, supply shocks, and weakening expectations, and the external environment is becoming more complex, severe and uncertain.
More than 100 million market players are an important foundation for stabilizing the economic fundamentals.
In 2022, a new and stronger combined tax and fee reduction will be implemented in response to the needs of market players.
Mainly from four aspects.
The first is to focus on the high-quality development of the manufacturing industry and promote technological innovation and innovation of enterprises.
Increase the value-added tax credits and refunds, improve the additional deduction policy for research and development expenses, promote investment in equipment renewal and technological transformation of manufacturing enterprises, and promote industrial transformation and upgrading.
The second is to focus on small and micro enterprises and individual industrial and commercial households, and promote the accelerated development and vitality of market players.
Continue to implement the tax and fee reduction measures to support small and micro enterprises and individual industrial and commercial households that expire at the end of 2021 to further ease the operating pressure of small and micro enterprises.
The third is to focus on strengthening local financial resources and provide guarantees for tax reduction and fee reduction.
The central government will continue to increase transfer payments to local governments, promote financial resources to sink to the grassroots level in cities and counties, and prevent local governments from discounting tax and fee reductions due to insufficient financial resources.
Fourth, resolutely crack down on tax evasion and tax fraud, and resolutely stop arbitrary charges.
In general, tax and fee reductions in 2022 will play an important role in boosting the confidence of market players, stabilizing market expectations, expanding effective investment, stimulating terminal consumption, and promoting the steady and healthy development of the economy.
(Finish)