The implementation of the large-scale tax refund policy provides strong support for macroeconomic stability

　　The large-scale tax refund policy will be implemented on April 1——

　　Provide strong support for macroeconomic stability

　　Our reporter Li Hualin

　　Since April 1, the VAT refund policy has been implemented, and the eligible micro-enterprises have officially started processing the remaining tax refund and other businesses. Many enterprises have submitted tax refund applications to the taxation department to enjoy the state's tax refund "gift package".

　　The tax refund is the refund of the tax that has not been deducted at the end of the value-added tax period to the taxpayer.

The value-added tax implements a chain deduction mechanism, and the taxable amount is the balance after deducting the input tax from the taxpayer's current output tax.

Among them, output tax refers to the value-added tax calculated based on sales and applicable tax rates; input tax refers to the value-added tax borne by the purchase of raw materials.

When the input tax is greater than the output tax, the input tax that has not been fully deducted will form a tax credit.

　　This year, the CPC Central Committee and the State Council decided to implement a new combined tax and fee support policy, of which the policy of large-scale value-added tax credits and tax refunds is the "highlight".

"The tax rebate is an important institutional arrangement of my country's value-added tax. This year's tax rebate policy is large in scale, heavy in weight, and has many benefits for market players. It is of great significance in many aspects." Xie Wen, director of the Department of Goods and Labor Tax of the State Administration of Taxation Express.

　　On the one hand, it will help stabilize the macroeconomic market.

At present, my country's economy is facing the triple pressure of shrinking demand, supply shock, and weakening expectations. We will implement large-scale tax rebates and favor small and micro enterprises, manufacturing and other key industries, encourage enterprises to increase capital, expand production, transform and upgrade, and boost the confidence of market players. It is an important measure to strengthen cross-cyclical and counter-cyclical adjustment and provide strong support for stabilizing the macroeconomic market.

　　On the other hand, it will help market entities to bail out and develop.

This year's new tax rebate policy will add about 1.5 trillion yuan of cash flow to market entities, and refund taxes to enterprises in the form of "real money", which will directly increase the immediate income of enterprises. Enterprises that are in urgent need of financial support in the future can play a role of helping one, tide over difficulties, and help one way, and help enterprises to go into battle lightly in production and operation.

　　"At present, in the face of the complex and severe domestic and international situation, my country is facing new downward pressure on the economy, and it is very important to maintain the stable operation of the economy. Implementing large-scale tax credits and absorbing the amount of existing tax credits is the key to this year's combined tax and fee support policy. The main measures, which will effectively relieve the financial pressure of enterprises, help enterprises survive and develop, and thus play an important role in macroeconomic stability.” said Zhang Bin, vice president of the University of Chinese Academy of Social Sciences.

　　Hu Yijian, Dean of the Institute of Public Policy and Governance of Shanghai University of Finance and Economics, analyzed that the reason why this year has increased the intensity of tax refunds, vigorously improved the VAT retained tax refund system, and implemented larger-scale tax refunds for retained tax credits is mainly due to the comprehensive consideration of the current enterprises facing The practical challenges of capital pressure and the multiple effects of tax rebates directly providing cash flow for enterprises, reducing capital pressure, reducing enterprise costs, and reducing enterprise burdens, we strive to give full play to the combined effect of policies through the combination of tax credits and tax reduction policies.

　　In addition, it will also help to optimize and improve the value-added tax system.

In recent years, my country has continued to reform and improve the value-added tax system.

The implementation of large-scale tax refunds this year is conducive to making the design of the value-added tax system more scientific, complete and balanced.

In the long run, it is conducive to creating a more favorable tax system environment for the development of enterprises.

　　Zhang Bin believes that the change of the amount of tax retained at the end of the period from being carried forward to the next period to the current tax refund will reduce the capital cost of the enterprise in the system, which will help improve the confidence and expectation of enterprise development. It is a major reform that is more in line with the requirements of the modern value-added tax system. action.

　　"Compared with previous years' tax rebate policy, this year's new tax rebate policy is stronger, wider in scope and deeper in level." Xie Wen introduced.

　　In terms of policy coverage, it not only fully covers small and micro enterprises, but also focuses on six major industries.

Among the enterprises benefited by the tax rebate policy this year, the number of small and micro enterprises will account for more than 90%; the scale of newly added tax rebates in the manufacturing industry will account for about 30%, which is the largest among all industries.

By focusing on the operation of the national economy and the key points and key links in the industrial chain and supply chain, the tax rebate bonus and reform effect will be released precisely.

　　It not only expands the scope of incremental full tax refund, but also involves the remaining tax credit for the first time.

Based on the previous full refund of incremental tax credits for advanced manufacturing, this year, six major industries including small and micro enterprises and manufacturing have been included in the scope of incremental 100% tax refunds, and the existing tax credits of these enterprises will be refunded for the first time. Unprecedented in strength and scale.

　　It not only strengthens the protection of the central government, but also actively plays the role of local governments.

In order to ensure that the implementation of the tax rebate policy is not compromised, the central government has increased transfer payments this year, and local governments have also actively raised funds. The scale and security of tax rebates are the highest in history.

　　Xie Wen said that in the next step, taxation departments at all levels will, under the leadership of party committees and governments at all levels, play the role of the coordination mechanism of finance, taxation, the People's Bank of China and other departments, and continue to focus on implementation, service, quality and efficiency, and strong supervision. Further efforts will be made to ensure that the tax refund policy for retained tax is detailed and implemented. At the same time, it will strictly strengthen the review of the application for tax refund of retained tax, identify risks in a timely manner, and take differentiated responses according to the level of risk, especially strict prevention and control. Crack down on illegal acts of defrauding VAT credits and refunds, and escort the smooth implementation of VAT credits and refunds.