China News Service, July 14. The Ministry of Finance held a press conference on fiscal revenue and expenditure in the first half of 2022 on the 14th. Xue Weiqian, deputy director of the Treasury Payment Center of the Ministry of Finance, said that since the beginning of this year, affected by the epidemic and other factors, market players have faced certain difficulties. Bailout for SMEs is a top priority.
Xue Weiqian introduced that the implementation of tax reduction and tax rebate policies has been accelerated.
In the first half of the year, a total of 1,845.5 billion yuan was refunded to taxpayers' accounts.
In addition, small-scale taxpayers will be exempted from value-added tax in stages; the scope of the "six taxes and two fees" reduction and exemption will be extended to small and low-profit enterprises and individual industrial and commercial households; the annual taxable income of small and micro enterprises will be 1 million to 3 million yuan In addition, the corporate income tax will be halved; the proportion of the deduction of R&D expenses for small and medium-sized technology enterprises will be increased to 100%.
According to data from the State Administration of Taxation,
as of the end of June, among the newly added tax rebates, tax reductions, fee reductions, and tax deferrals, nearly 70%
of the discounted amount enjoyed by micro, small and medium-sized enterprises has played an important role in relieving the operating pressure of micro, small and medium-sized enterprises.
(Zhongxin Finance)