The combined tax and fee support policy is effective

  The latest statistics from the State Administration of Taxation show that as of August 31, the country has accumulated a total of 3.3 trillion yuan in new tax reductions and fee reductions, tax refunds and tax deferrals, and new combined tax and fee support policies such as large-scale value-added tax credit and tax refund policies. Effective on the ground.

  What are the effects of a series of tax support policies?

In the next step, how can tax and fee support policies continue to help market entities reduce their burdens and increase their vitality?

On relevant hot issues, the reporter interviewed experts and scholars.

  Direct policy dividends

  Since the beginning of this year, in the face of the impact and influence of multiple unfavorable factors, my country has implemented a new combined tax and fee support policy, a package of policies to stabilize the economy, and successive policy measures to effectively help companies relieve their difficulties and stabilize the macroeconomic market.

35 tax and fee support policies and measures such as refunds, exemptions, deductions, reductions, and delays have created a powerful "combination punch", and more than 3.3 trillion yuan of policy dividends have benefited market entities.

  Large-scale value-added tax credits and refunds are the "highlight" of the new combined tax and fee support policy.

The latest statistics show that since the implementation of the large-scale VAT credit refund policy from April 1 to August 31, 2,049 billion yuan of tax refunds have been refunded to taxpayers’ accounts, and the previously introduced credits will continue to be implemented in the next quarter. The old tax refund policy is 123.3 billion yuan, and a total of 2,172.3 billion yuan of tax refunds have been refunded to taxpayers' accounts, which effectively guides social expectations and stimulates the vitality of market players.

  The national tax system insists on fast tax refunds. The number of tax refunds processed in the second quarter exceeded 100 times that of the same period last year, and the average time it took for enterprises to apply for tax refunds to their accounts was significantly reduced compared to the same period last year.

Continuously optimize the functions of the e-tax bureau, use the e-tax bureau to establish a national unified publicity and guidance label system, accurately push the tax refund policy to taxpayers, and change the "people looking for policy" into "policy looking for people".

Automatically remind taxpayers to apply for tax refunds, and automatically pre-fill more than 85% of the tax refund declaration data, which enhances the convenience of operation and reduces the taxpayers' tax burden.

  At the same time, the financial department allocated funds in a timely manner, and the People's Bank of China delayed service to refund taxes in a timely manner to ensure the rapid realization of policy dividends.

  Small and micro enterprises play a major role in promoting employment and ensuring people's livelihood, and they are also the group most affected by the epidemic and the most difficult to operate.

Since the beginning of this year, the new combined tax and fee support policy has focused on small and micro enterprises, helping small and micro enterprises to solve practical difficulties encountered in development by reducing tax and fee burdens and increasing cash flow.

  Statistics show that as of August 31, various tax and fee support policies have accumulated a total of 1.31 trillion yuan in tax reductions and fee reductions and tax rebates and tax deferrals for small and micro enterprises.

Among them, from April 1st to August 31st, among the taxpayers who have obtained the residual value-added tax refund, the number of small and micro enterprises accounted for 93.1%; the total tax refund was 833.2 billion yuan, accounting for 40.7%.

  In response to the problems of short chain of tax refund for retained tax, high risks, and many tricks for criminals to obtain tax refund of retained tax, the tax department insists on prevention first, and makes full use of tax big data to "prevent risks", so as to detect and block risks in a timely and accurate manner.

At the same time, we insist on fighting fraudulently and retreating, and implement the precise supervision and escort policy.

  "Continue to deepen the joint crackdown mechanism of the six departments, intensify the crackdown on gang-style, cross-regional and false invoicing and other illegal acts, achieve precise crackdowns, crack down on small ones, and investigate quickly and resolutely, and resolutely do not allow policy 'red envelopes' Fall into the pockets of lawbreakers, and resolutely protect the safety of national taxes." said the relevant person in charge of the State Administration of Taxation.

  Statistics show that as of August 31, the national tax inspection departments have recovered 11.99 billion yuan in tax refunds and other tax losses, and have transferred the case to the public security and jointly investigate 1,399 companies suspected of falsely opening and defrauding tax refunds. There are 200 tax refund gangs left.

  "The implementation of the large-scale tax refund policy must have strict regulatory measures as support and safeguard measures. Tax authorities at all levels should take the lead, not only focusing on promoting policies in place, but also using smart tax methods such as big data to timely and accurately detect and Block the risk points in policy implementation, make various policies practical, and implement more equitably and effectively." said Jiang Zhen, deputy dean of the School of Business of the University of Chinese Academy of Social Sciences.

  Significantly enhanced development momentum

  Through the implementation of large-scale tax rebates, more than 2 trillion yuan of tax rebates have been "sacked" by market players. What role does it play in the development of corporate bailouts?

"The implementation of the large-scale value-added tax refund policy has effectively guaranteed the 'fertilization and watering' of the remaining tax refund funds to the root, relieved the financial pressure of enterprises, and boosted the vitality of enterprises." The relevant person in charge of the State Administration of Taxation said.

  Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of the National Accounting Institute in Beijing, analyzed that before 2022, the main tax refund for residual credits was the incremental residual tax amount, and the 2022 residual credit tax refund policy achieved a major breakthrough in the reform of the residual credit tax refund system , that is to allow a one-time refund of the enterprise's remaining tax credits, the scale of this year's value-added tax credits and tax refunds exceeds the sum of the previous three years. After the completion of the project, its positive effects are gradually emerging.”

  First, to promote the accelerated recovery of business operations.

Value-added tax invoice data show that from April to August, the sales revenue of enterprises that handled tax refunds increased by 6.9% year-on-year, an increase of 4.6 percentage points higher than that of enterprises without tax refunds.

  Second, promote the rapid growth of new economic drivers.

According to the data of VAT invoices, from April to August, the sales revenue of the single champion enterprises that handled tax credits and refunds increased by 18.3% year-on-year, which was 26.9 percentage points higher than that of companies without tax refunds; the sales revenue of high-tech manufacturing companies that handled tax credits and refunds increased year-on-year. 16.5%, an increase of 11.7 percentage points higher than that of enterprises without tax rebates; the sales revenue of "specialized, special and new" small giant enterprises that handle tax refunds for retained taxes increased by 9.2% year-on-year, an increase of 1.4 percentage points higher than that of enterprises without tax refunds.

  Li Xuhong analyzed that the retained tax refund policy encourages and supports market players to expand investment in fixed assets and R&D innovation by refunding retained tax refunds to market players, which is conducive to stimulating the innovation vitality of market players.

  Again, help support the development of the manufacturing industry.

Value-added tax invoice data shows that from April to August, manufacturing enterprises enjoyed a total of 537.7 billion yuan in tax rebates, ranking first in the industry in terms of tax rebates, playing an important role in promoting the stable operation of the industrial economy.

From April to August, the sales revenue of manufacturing enterprises that applied for tax refunds increased by 7.5% year-on-year, an increase of 4.2 percentage points higher than that of enterprises without tax refunds.

  The above-mentioned person in charge stated that in the next step, the tax department will continue to implement the new combined tax and fee support policy, a package of policy measures to stabilize the economy, and the recently introduced phased tax reduction policy to support enterprise innovation, and continue to defer payment for manufacturing small, medium and micro enterprises. Some tax and fee policies, etc., precisely release policy dividends.

  Jiang Zhen believes that a series of policy measures are aimed at stimulating market vitality and stabilizing market expectations. "The combined tax and fee support policy, especially the tax refund policy, itself is exerting its efforts from the perspective of 'chain', in stabilizing the industrial chain and supply chain. It has unique functions and effectively plays a counter-cyclical adjustment role, further helping enterprises to reduce their burdens, and has obvious effects on stimulating market vitality and stabilizing market expectations.”

  "The tax rebate policy has played an important role in stimulating the vitality of market entities and stabilizing economic operation. In the next step, in order to continue to support the high-quality development of market entities, we should continue to implement a series of taxes and fees, including the tax rebate policy. We will support policies and make good use of a combination of tax credits and refunds, tax reductions and fee reductions, and tax deferrals, so as to give better play to the role of cross-cyclical and counter-cyclical macro-control of taxation, and strengthen the stabilization of the macroeconomic market." Li Xuhong said.

  Continue to promote innovation and help small and micro enterprises

  While the new combined tax and fee support policy is effective, market players still look forward to the continued support of the tax and fee policy.

Recently, the State Council executive meeting deployed a series of new measures to further help enterprises reduce their burden and increase their vitality.

  Innovation is the first driving force for development, and enterprises are the main body of innovation.

The new combined tax and fee support policy not only pays attention to supporting the development of difficult industries, but also pays more attention to increasing tax support in the field of innovation and fostering development potential.

  "Supporting technological innovation of enterprises and the development of small, medium and micro enterprises is still the main theme of my country's tax policy." Li Xuhong believes.

  The State Council executive meeting clarified that the phased tax reduction policy to support enterprise innovation will be implemented until December 31 this year.

The first is to allow high-tech enterprises to purchase equipment in the fourth quarter of this year, allowing a one-time full deduction and 100% additional deduction for the current year, and further support from local and central finance.

Second, in the fourth quarter of this year, for industries that currently deduct R&D expenses at a rate of 75% before tax, the deduction rate will be uniformly increased to 100%, and the transformation and renewal of equipment will be encouraged.

The third is to allow basic research expenditures such as scientific research institutions funded by enterprises to be fully deducted before tax and additionally deducted.

  Manufacturing is the foundation of the real economy and national competitiveness, and small and micro market entities are the key to ensuring people's livelihood and stabilizing employment.

At the same time, the current manufacturing small, medium and micro enterprises and individual industrial and commercial households are facing great difficulties, and it is necessary to continue to strengthen the rescue policy.

  The executive meeting of the State Council decided to postpone the payment of "five taxes and two fees" such as income tax and other income tax paid in the early stage by small, medium and micro enterprises and individual industrial and commercial households in the manufacturing industry, and then delay the payment for four months after the expiration of the period from September 1, involving a deferred tax of 440 billion yuan. .

At the same time, the newly added value-added tax credits for the manufacturing industry will be refunded immediately after application, and the average time of receipt is reduced to 2 working days.

  Recently, the State Administration of Taxation and the Ministry of Finance issued an announcement clarifying that from September 1, 2022, medium-sized manufacturing enterprises that have enjoyed a 50% deferral of tax payment and manufacturing small and micro enterprises that have defer payment of 100% of taxes and fees will defer payment. After the expiration of the tax deferral period, it will be extended for another 4 months.

  "The deferred tax payment includes the period of November, December 2021, February, March, April, May, June 2022 (monthly payment) or the fourth quarter of 2021, the first of 2022 Quarterly and second quarter (paid quarterly) corporate income tax, personal income tax, domestic value-added tax, domestic consumption tax, and additional urban maintenance and construction tax, education surcharge, and local education surcharge that have been deferred according to regulations, excluding withholding and withholding Payment, collection and payment, and taxes and fees paid when applying to the tax authority for invoicing," said the relevant person in charge of the State Administration of Taxation.

  Li Xuhong analyzed that the tax deferral is a cross-cycle adjustment policy, which is equivalent to the government providing an "interest-free loan" for taxpayers. The introduction of this policy means that the "interest-free loan" period will be extended again.

"And the deferred taxes are the 'five taxes and two fees' for enterprises, which basically cover the main taxes and fees paid by enterprises, which will effectively ease the pressure on enterprises' cash flow."

  It is worth noting that, in order to facilitate taxpayers to enjoy this policy, the tax authorities have optimized and upgraded their information systems. If the small, medium and micro enterprises in the manufacturing industry have previously enjoyed the policy of deferred payment of taxes and fees, after the expiration of the deferred payment period, there is no need for taxpayers to operate. The deferment period is automatically extended for 4 months.

  "Micro, small and medium-sized enterprises are the groups most affected by the epidemic. Under the background of the current downward pressure on the economy and the repeated epidemics, continuing to delay the payment of taxes for small and medium-sized enterprises in the manufacturing industry will help ease the current capital turnover faced by small and medium-sized enterprises in the manufacturing industry. Difficult problems, ensure the healthy and sustainable operation of small, medium and micro enterprises in the manufacturing industry, consolidate the foundation of my country's real economy, and help high-quality development." Li Xuhong said.

  In addition, according to the deployment, the value-added tax credits for the pension and childcare service industry will be refunded at one time and in increments on a monthly basis; local “six taxes and two fees” will be reduced or exempted at the top level this year; The new energy vehicle purchase tax exemption policy will be postponed until the end of 2023; other related support policies for new energy vehicle consumption will remain stable, and vehicle and vessel tax and consumption tax will continue to be exempted.

  "Policy support highlights key points, and pays close attention to key areas and key links. While adhering to inclusiveness, policy implementation also highlights key points, and focuses on key areas and key links such as manufacturing and small and micro enterprises, so as to ensure the innovation-driven strategy. It has played an important role in implementation, promotion of employment, and protection of people's livelihood." Jiang Zhen said.

  Zeng Jinhua