(Economic Observation) China's large-scale tax rebate policy implements corporate tax rebate red envelopes
China News Agency, Beijing, April 13 (Reporter Zhao Jianhua) From April 1, China's large-scale value-added tax credits and tax refunds were officially launched.
According to the data released by the State Administration of Taxation of China, from the 1st to the 11th, the national tax authorities processed a total of 155.7 billion yuan (RMB, the same below) for 203,000 taxpayers.
After the tax refund policy and tax collection and management documents were announced, the Chinese tax authorities launched a new round of publicity and counseling through on-site counseling, video training, and telephone return visits to help taxpayers understand the policy; help taxpayers sort out their tax refund accounts and speed up the review process. To ensure that enterprises enjoy tax rebate dividends in a timely manner.
Among them, the Shanghai tax authorities are using shift relay, mutual replacement and other methods to keep the tax refund work on file and without pause, and dynamically guide taxpayers to apply for the tax refund in an orderly manner through "non-contact" methods to ensure the accurate delivery of policy dividends. up.
Some tax-related intermediaries were also invited to explain how to operate tax rebates for enterprises.
In April, the tax rebate was left over, and micro enterprises benefited first.
Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of Beijing National Accounting Institute, said that the tax refund amount in 11 days has reached 155.7 billion yuan, involving 203,000 households.
Fortunately, the fiscal and taxation departments have made comprehensive arrangements. The beginning of April has shown a good effect of implementing the tax rebate policy. This has positive practical significance for coping with the impact of the epidemic and economic pressure, stimulating the vitality of market entities, and stabilizing employment and people's livelihood.
The annual tax rebate of about 1.5 trillion yuan mainly has three characteristics: focusing on small and micro enterprises and key supporting industries; both incremental and existing tax refunds; institutional, one-off and phased arrangements.
Liu Yunmao, deputy director of the Department of Goods and Services Tax of the State Administration of Taxation, introduced that the large-scale tax refund policy will add about 1.5 trillion yuan in cash flow to market players, and the tax will be refunded in the form of "real money". For enterprises, for enterprises in urgent need of financial support, it can play a role of helping one, tide over difficulties, and help one way, and help enterprises to lightly carry out production and operation.
The remaining value-added tax refund is about 1.5 trillion yuan, which is so powerful that it exceeds market and social expectations.
Shi Wenpo, an associate researcher at the Public Revenue Research Center of the Chinese Academy of Fiscal Sciences, analyzed that tax credits occupy corporate funds, affect corporate cash flow, and increase corporate financial pressure.
Generally speaking, with the expansion of the company's sales scale, the tax credit will be slowly digested.
However, during the economic downturn, the remaining tax credits may not be made up for a long time, which will increase the financial pressure of enterprises.
The problem of tax credits due to institutional differences is more prominent, and cannot be digested naturally over time. If the tax rebate system is not implemented, it will roll over more and more, resulting in a long-term occupation of corporate funds.
Shi Wenpo said that the refund of VAT credits is not only to avoid capital pressure on enterprises due to excessive tax credits, but also a safeguard measure to improve the VAT system and implement the low tax rate system, so as to reduce the burden on enterprises.
Li Xuhong said that it can be expected that after the gradual implementation of the existing and incremental tax rebate policies for small, medium and large enterprises in the next step, the highlight of this year's tax reduction and fee reduction policy - large-scale tax rebates will produce better policy effects.
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