Ensure that the tax rebate funds go directly to the market main body
Jin Guanping
At the executive meeting of the State Council held on March 21, the policy arrangements for the implementation of large-scale value-added tax credits and tax refunds were determined. This widely watched major measure to help enterprises has entered the implementation stage. The 1.5 trillion yuan tax rebate will stabilize the macroeconomic market. Provide strong support.
In the next step, the key is to implement detailed policy arrangements to ensure that the tax rebate funds go directly to market entities, and that the refunded money will be refunded in full and in place in a timely manner, so as to effectively "transfusion" and "live blood" for market entities.
During the implementation of the value-added tax system, tax credits will be generated, and tax credits will be refunded in advance.
This year, my country has implemented a new combined tax and fee support policy, which includes both reduction and exemption policies and tax refund measures.
By implementing the retained tax rebate, the cash flow of enterprises can be increased and the pressure of capital return can be eased.
This policy arrangement reflects the outstanding features of larger-than-expected scale and direct and efficient bail-out effect, which will bring "sweet rain" to the majority of enterprises facing financial pressure.
Good policies need to be implemented well.
Implementing a large-scale tax rebate is a huge and complex systematic project, and it is not easy to turn the policy into a real "dividend".
The State Council requires that the remaining tax credits for small and micro enterprises will be refunded in full by the end of June, and the remaining tax credits in six key industries including manufacturing will be fully refunded in July.
The large scale of tax rebates, the large number of enterprises, the tight schedule, and the high operational requirements require the finance and taxation departments to plan carefully and advance quickly, especially to clarify specific policies and regulations as soon as possible and operational methods for collection and management to ensure the efficiency and convenience of the process.
The implementation of tax rebates and tax reductions will result in policy reductions.
In recent years, due to factors such as the downward pressure on the economy and the continuous impact of the epidemic, the contradiction between grassroots fiscal revenue and expenditure has become more prominent.
The implementation of tax rebates means that "real money" will be directly returned to enterprises, and large-scale tax rebates will put great pressure on local finance.
To this end, the central government, on the basis of 50% of the tax rebate fund in accordance with the current tax system, arranges 1.2 trillion yuan of transfer payment funds to support the grassroots implementation of tax rebates, tax reductions and fee reductions. A transfer payment of 400 billion yuan has been issued.
The strong support of the central government provides a solid financial guarantee for the smooth implementation of the tax rebate, which is conducive to the smooth operation of local finance.
The tax rebate funds are related to the bailout of market players, and every penny should not be spent indiscriminately.
According to the arrangement, special funds are included in the scope of direct financial funds, and dynamic monitoring is implemented.
The direct mechanism of financial funds has the characteristics of "fast, accurate and strict", and its operation is becoming more and more mature. It should give full play to its unique advantages in the implementation of tax rebates, especially by optimizing the distribution process, strengthening fund supervision, improving management efficiency and capital efficiency, ensuring that Tax rebate funds go directly to market entities, and subsidies to local governments go directly to the grassroots level in cities and counties.
The tax refund policy is highly specific, and it is necessary to increase publicity and guidance, so that the majority of market players, especially small and micro enterprises, can fully understand and grasp the policy, actively apply for tax refund according to the conditions and procedures, and fully enjoy the policy bonus.
It should be emphasized that the tax rebate fund is the "life-saving money" for the enterprise, and must not become the "Tang monk meat" that everyone wants to bite.
All localities must strengthen financial discipline, strictly regulate the use and management of funds, and must not divert funds for other purposes.
At the same time, it is necessary to strengthen the management of the tax refund process, especially the qualification review, to prevent enterprises from fraudulently obtaining tax refunds by falsely issuing VAT invoices.
The new combined tax and fee support policy has begun to be implemented, which is worth looking forward to.
With the help of a series of relief and problem-solving policies, the majority of market players will surely be able to overcome the immediate difficulties, develop vigorously and move forward steadily.
Jin Guanping