How to help enterprises to be more effective
Our reporter Zeng Jinhua He Langsha Chen Guojing Li Hualin
Over 150 million market entities carry hundreds of millions of people to work and start businesses.
Affected by the downward pressure on the economy and the new crown pneumonia epidemic, the production and operation of enterprises are facing severe tests.
In the past year, fiscal, monetary and other macro-policy policies have been coordinated to intensify efforts to assist enterprises in bailouts. New tax cuts and fee reductions have exceeded 1 trillion yuan throughout the year. Credit has been increased to enterprises in industries severely affected by the epidemic, and small and micro enterprises have continued to be implemented Corporate loan deferred repayment of principal and interest and credit loan support policies have kept corporate comprehensive financing costs stable with some declines.
"The state has issued a series of policies to reduce taxes and fees, which has really lightened the burden on enterprises, and enterprises can squeeze more funds to engage in innovation, focus on production, and seek development." Representative of the National People's Congress, chairman of Jinbackun Special Equipment Manufacturing Group , General Manager Li Yanping said.
Li Yan, deputy to the National People's Congress and president of Qilu Pharmaceutical Group, calculated an account for the reporter: Qilu Pharmaceutical will invest 3.32 billion yuan in research and development in 2021, a year-on-year increase of 25.3%, and prepaid income tax will enjoy an additional deduction of 248 million yuan for research and development expenses; Continue to increase investment in fixed assets, and enjoy the preferential policy of one-time depreciation of fixed assets for tax deduction of RMB 293 million.
"Since last year, due to the intertwined effects of various factors such as the epidemic, pharmaceutical companies have faced great challenges in their production and operation. We have made full use of a series of policies to stabilize growth issued by the state, especially enjoying the state's taxes and fees in scientific and technological innovation and industrial project construction. We will use the refunded funds and the saved costs in research and development to accelerate the progress of research and development projects," said Li Yan, the representative.
Tax and fee reduction policies, coupled with refined services, have made the business environment of enterprises better and better.
"A series of service measures launched by the tax department have continuously optimized the tax and business environment, making Hong Kong, Macao and Taiwan overseas Chinese businessmen more confident in their development." Xu Xipeng, member of the National Committee of the Chinese People's Political Consultative Conference and secretary of the Party Committee of Huaqiao University, said.
Zhou Tongyu, member of the National Committee of the Chinese People's Political Consultative Conference and chairman of Weida High-Tech Holdings Co., Ltd., believes that at present, the external environment is more complex, severe and uncertain, and my country's economic development is facing triple pressures of shrinking demand, supply shock, and weakening expectations. The real economy, especially small and micro enterprises The production and operation of enterprises are still facing great difficulties.
How can this year's macro policies further help enterprises to bail out and promote their development?
The government work report proposes that efforts should be made to stabilize market players and ensure employment, increase the implementation of macro policies, improve policies such as burden reduction and relief, and consolidate the foundation for stable economic operation and quality improvement.
According to the deployment, a new combined tax and fee support policy will be implemented this year, especially large-scale tax rebates for tax credits.
It is estimated that the annual tax rebate will be about 2.5 trillion yuan, of which about 1.5 trillion yuan will be retained for tax rebates, and all tax rebate funds will go directly to enterprises.
"This year, more tax cuts and fee reductions have been implemented, and the scale has exceeded market expectations. The combination of tax cuts and tax rebates, and expanding the scale of tax rebates will help ease the pressure on companies' cash flow, especially the release of funds that are difficult for companies to deduct when purchasing equipment. It will help enhance the confidence of enterprises to expand reproduction; at the same time, it also encourages enterprises to invest more funds in R&D and other production activities." said Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of Beijing National Accounting Institute.
This year's new combined tax and fee support policy involves many types of taxes and fees, a large number of enterprise households, high operational and implementation requirements, high expectations of market players, tight schedules, and heavy tasks.
The relevant person in charge of the State Administration of Taxation stated that the tax department will resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council, fully, accurately and comprehensively implement the new development concept, continue to improve the direct and fast-enjoying mechanism for preferential tax and fee policies, and take a series of effective measures. Going to ensure that the new combined tax and fee support policy is a key initiative to take root.
The government work report proposes to strengthen the effective financial support for the real economy, make good use of inclusive small and micro loan support tools, increase re-lending to support agriculture, small and medium-sized enterprises, and further promote solving the financing problems of the real economy, especially small and medium-sized enterprises.
Representative Li Yanping believes that the local government has done a lot of work in the development of financing docking services, but the problems of expensive and difficult financing for enterprises still exist.
She suggested that financing policies should be more precise and flexible, "one-click integration" of tax, gas, water, electricity, insurance, provident fund and other enterprise-related information, smooth Internet, big data and other bank-enterprise connection channels, and solve the problem of information asymmetry .
Wen Bin, chief researcher at China Minsheng Bank, said monetary policy this year will continue to push financial institutions to lower real lending rates and reduce fees.
On the one hand, long-term liquidity can be released through RRR cuts, which is conducive to financial institutions to increase credit supply and reduce the financing cost of the real economy; It will reduce the capital cost of financial institutions, thereby leading the interest rate quoted in the loan market to decline, and will also help guide the decline in the level of broad-spectrum interest rates.
"In order to stabilize the macroeconomic fundamentals and employment, it is necessary to further enhance the ability of financial services to serve the real economy." Committee member Zhou Tongyu suggested that the coordination and linkage of fiscal and financial policies should be strengthened, and credit risk compensation for private, small and micro enterprises should be increased. Improve the policy guarantee and re-guarantee system, and guide financial institutions to increase credit extension; make good use of structural monetary policy tools such as re-lending and re-discounting; and further improve the regulatory tolerance for indicators such as non-performing loan ratios.
The representatives who participated in the National People's Congress and the National People's Congress said that greater strength and forward efforts are the prominent features of this year's macro policy, which will inject stronger momentum for market players to cope with difficulties and challenges, and provide stronger support for the smooth operation of the economy.