Zhongxin Finance, May 17th. On the 17th, at a series of press conferences on the theme of "China's Decade", Xu Hongcai, Vice Minister of Finance, said that a new combined tax and fee support policy will be implemented this year, and it is expected that tax rebates will be reduced throughout the year. The fee reduction is about 2.5 trillion yuan.

Among them, the large-scale VAT refund is the main content, and the annual tax refund is about 1.5 trillion yuan.

  Wang Daoshu, deputy director of the State Administration of Taxation, said that the implementation of the new combined tax and fee support policy has reduced tax burdens and increased cash flow for enterprises by more than 1.6 trillion yuan this year.

  According to Wang Daoshu, it includes three parts: First, from April 1 to May 16, a total of 979.6 billion yuan of tax credits will be refunded to the corporate account, and the previous quarter will continue to implement the previously introduced value-added tax credits. The old tax rebate policy is 123.3 billion yuan, and a total of 1,102.9 billion yuan of tax rebates have been refunded to taxpayers' accounts this year.

  Second, in the first quarter, the country added 198 billion yuan in tax and fee reductions.

  The third is the deferred tax payment of 377.8 billion yuan by small, medium and micro enterprises in the manufacturing industry that has continued to be implemented since the beginning of this year.

These policy dividends have played an important role in helping enterprises, especially small and medium-sized enterprises and individual industrial and commercial households, to relieve difficulties and boost their confidence.