Ministry of Finance: All domestic value-added tax and corporate income tax for manufacturing small and micro enterprises are deferred

　　Zhongxin Finance, February 22. On the 22nd, the State Council Information Office held a press conference on fiscal reform and development.

Yu Weiping, Vice Minister of the Ministry of Finance, said that in the next step, the Ministry of Finance will focus on the bailout and development of small and medium-sized enterprises, further increase tax and fee concessions, and comprehensively use financing guarantees, loan interest discounts, incentives and subsidies to guide the flow of financial resources to small and medium-sized enterprises. Micro-enterprises give SMEs greater vitality.

　　One is to reduce the tax burden of small and medium-sized enterprises.

Continue to implement tax cuts and fee reductions, with all domestic value-added tax and corporate income tax deferred for small and micro manufacturing enterprises, and 50% deferred tax for medium-sized manufacturing enterprises.

Extend the implementation of phased reductions in unemployment insurance and work-related injury insurance rates.

About 1.1 trillion yuan in tax and fee reductions last year, small, medium and micro enterprises are the biggest beneficiaries.

　　The second is to alleviate the problems of difficult and expensive financing for small and medium-sized enterprises.

In 2021, the central government will allocate 3 billion yuan in subsidies to support the expansion of financing guarantees for small and micro enterprises, reduce guarantee rates, and reduce guarantee costs by more than 10 billion yuan for market financing entities throughout the year.

In 2021, the central government will allocate 6.336 billion yuan in interest discounts and incentives for guaranteed loans for entrepreneurship, a year-on-year increase of 65.9%.

　　The third is to support the high-quality action of "specializing, specializing and new".

From 2018 to 2022, the central government has allocated about 9 billion yuan to promote the upgrading of entrepreneurship and innovation of small and medium-sized enterprises.

In 2021, the company will start supporting small and medium-sized enterprises with "specialized, specialized, and new" development awards and subsidy funds, realizing the nationwide coverage of "little giant" enterprises.

At present, there are more than 300 listed "little giant" companies. The average growth rate of operating income and net profit in the past two years has exceeded 25%, which is about twice the average of all listed companies.

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