"Since 2019, the company has enjoyed various tax incentives of nearly 2 billion yuan, including 1.3 billion yuan in export tax rebates, over 400 million yuan in tax rebates for equipment purchased by integrated circuit companies, and nearly 200 million in corporate income tax deductions due to additional deductions for R&D expenses. Yuan." Shi Lei, President of Tongfu Microelectronics Co., Ltd. introduced, "Thanks to the good market development prospects, with the support of the national preferential tax and fee policies, the company's operating income is expected to exceed 20 billion yuan in 2022!"

　　Affected by factors such as the new crown pneumonia epidemic, many enterprises are facing difficulties and challenges.

In recent years, Jiangsu's private economy has performed well, because behind it, the country's package of tax and fee reduction policies has continued to empower it.

The Jiangsu tax department used the "subtraction" of taxes and fees in exchange for the "addition" of the development of private enterprises and the "multiplication" of market vitality.

　　From the model innovation in the 1980s to the reform of the property rights system in the 1990s, since the reform and opening up, a large number of private enterprises have been born in Jiangsu.

Entering the new century, the private economy has accelerated its transformation and upgrading, from "three pillars" with state-owned enterprises and foreign enterprises to occupying more than half of Jiangsu's economy.

By the end of 2021, the added value of Jiangsu's private economy will account for 57.3% of Jiangsu's GDP.

　　According to statistics, more than 50% of Jiangsu's GDP, 60% of tax revenue, 70% of enterprise R&D investment and social fixed capital investment, 80% of new jobs, and 90% of high-tech output value come from the private economy.

The private economy has become the main force of economic growth in Jiangsu Province, the main driving force of scientific and technological innovation, the main channel of employment and entrepreneurship, and an indispensable and important force supporting the development of Jiangsu.

　　The private economy is the main contributor to economic taxation in Jiangsu Province, the main field of job creation, and the main beneficiary of new tax cuts and fee reductions in recent years.

　　According to statistics, in 2021, the Jiangsu tax system will handle export tax rebates (exemptions) of 301.781 billion yuan, an increase of 31.07%.

The tax and fee reduction policy has been implemented efficiently, with new tax and fee reductions amounting to 100 billion yuan.

Implemented the new policy to deduct 39.4 billion yuan in tax reduction for R&D expenses; handled special deferred payment of 20.12 billion yuan for small, medium and micro enterprises in the manufacturing industry, and the "reduction, refund, and delay" tax for coal and electricity guaranteed supply exceeded 1 billion yuan; retained tax rebates of 68.83 billion yuan, Strongly stimulate the vitality of market players.

During the epidemic period, the "40+6" management service measures were launched in a timely manner, 15 measures were formulated for small and micro enterprises to "moisten the seedlings with spring rain", and 302,000 small and medium-sized manufacturing enterprises in the manufacturing industry received a batch of deferred tax of 20.12 billion yuan, and 163,000 individual industrial and commercial enterprises. 640,000 households processed individual tax refunds in batches.

　　From the government formulating good policies, to serving enterprises "knowing the policies", and then helping enterprises to "make good use of the policies", under the background of tax reduction and fee reduction, the Jiangsu tax department has always provided personalized, professional and efficient services to help private enterprises. Enterprises travel lightly and simply on the road of innovation.

　　"The preferential policies for research and development expenses keep the funds in the enterprise, which is real money to help the enterprise develop steadily." Zong Xiaoxia, the financial director of Jiangsu Rugao High Voltage Electric Co., Ltd., sighed.

In 2021, if high-voltage research and development expenses are deducted, they will enjoy more than 5 million yuan of preferential taxation, and high-tech enterprises will enjoy nearly 19 million yuan of tax incentives.

The precise pocketing of policy dividends of more than 30 million yuan has given enterprises no worries about innovation.

Zong Xiaoxia said, "This year, the company will also invest 15 million yuan to build an intelligent circuit breaker workshop. After the project is put into production, it is expected to increase the number of circuit breaker products by 2,000 units a year, which will further enhance the company's core competitiveness."

　　This year, the state has launched a new combined tax and fee support policy. The Jiangsu tax department has implemented a 50% preferential policy of "six taxes and two fees" for small and micro enterprises, helping private manufacturing enterprises, especially small and medium-sized enterprises, to reduce pressure and overcome difficulties.

Taking advantage of tax cuts and fee reductions, private enterprises in Jiangsu are actively changing methods and structures, accelerating digital, intelligent, and green transformation, striving to nurture opportunities in the midst of crises and open new opportunities in changing situations.

　　Xue Haiyan