China News Service, March 29. According to the website of the Shanghai Municipal People's Government, the General Office of the Shanghai Municipal People's Government recently issued "Several Policies and Measures in Shanghai to Reduce the Burden on Enterprises and Support the Development of Small and Medium-sized Enterprises" to continue to optimize the business environment and strive to reduce the burden on enterprises. , reduce costs for small and medium-sized enterprises.
"Several Policies and Measures" will come into effect on March 23, 2024, and will be valid until December 31, 2024. The main contents of "Several Policies and Measures" include reducing taxes, labor, energy, financing and other costs and optimizing services for enterprises, and implementing 20 policy measures.
Several policies and measures in Shanghai to reduce the burden on enterprises and support the development of small and medium-sized enterprises
Reducing the burden on enterprises is a major macro policy measure to support stabilizing expectations, growth, and employment. In order to fully implement the deployment requirements of the state and this city on tax reduction and fee reduction, continue to optimize the business environment, strive to reduce the burden on enterprises, and reduce the costs of small and medium-sized enterprises, several policy measures are proposed as follows:
1. Reduce tax costs
(1) Comprehensively implement the national tax and fee reduction policy. Implement detailed VAT refunds, super deductions for VAT for advanced manufacturing enterprises, super deductions for R&D expenses for integrated circuit and industrial machine companies, and super deductions for VAT, and increase the proportion of pre-tax super deductions for enterprise R&D expenses, etc. policy. (Responsible units: Municipal Finance Bureau, Municipal Taxation Bureau, Municipal Economic and Information Technology Commission, Municipal Science and Technology Commission)
(2) Continue to halve the collection of “six taxes and two fees”. Resource tax, urban maintenance and construction tax, real estate tax, urban land use tax, stamp tax (excluding securities transaction stamp tax), cultivated land occupation tax and education surcharge are halved for small-scale VAT taxpayers, small low-profit enterprises and individual industrial and commercial households. , local education surcharge and other "six taxes and two fees". (Responsible units: Municipal Taxation Bureau, Municipal Finance Bureau)
(3) Small and medium-sized enterprises that are determined to be in line with the city's industrial development direction and suffer losses can continue to apply for urban land use tax hardship exemptions in accordance with regulations. Study and formulate policies to implement property tax difficulty reduction and exemption for enterprises that are in line with the city's industrial development direction. (Responsible units: Municipal Finance Bureau, Municipal Taxation Bureau, Municipal Development and Reform Commission, Municipal Economic and Information Technology Commission, Municipal Science and Technology Commission, and other relevant departments)
(4) Periodically reduce some administrative fee standards. Starting from April 2024, the inspection and testing fees for special equipment will be reduced by 50%, the registration fees for domestic drugs will be reduced by 50%, and the registration fees for domestic second-class medical device products will be reduced by 65%. (Responsible units: Municipal Development and Reform Commission, Municipal Finance Bureau, Municipal Market Supervision Bureau, Municipal Drug Administration)
2. Reduce labor costs
(5) Starting from March 2024, the unit payment rate for employee basic medical insurance will be reduced by 1 percentage point in stages. (Responsible departments: Municipal Medical Insurance Bureau, Municipal Finance Bureau)
(6) Implement unemployment insurance and job stabilization return policies. For eligible large enterprises and small, medium and micro enterprises, no more than 30% and 60% of the unemployment insurance premiums paid in the previous year will be refunded respectively. (Responsible units: Municipal Human Resources and Social Security Bureau, Municipal Finance Bureau)
(7) Implement one-time employment subsidies for key groups. For enterprises, social organizations and individual industrial and commercial households to recruit people who have been registered as unemployed for more than three months, young people aged 16-24 who have registered as unemployed in this city, 2024 college graduates in this city, and college graduates who have not been employed within 2 years of leaving school, the agreement has been signed. Those who have a labor contract of more than one year and pay social insurance premiums in accordance with regulations will be given a one-time employment subsidy of 2,000 yuan per person. (Responsible units: Municipal Human Resources and Social Security Bureau, Municipal Finance Bureau)
(8) Continue to reduce unemployment and work-related injury insurance premiums in stages. Unemployment insurance continues to implement a 1% payment ratio, of which the unit payment ratio is 0.5% and the individual payment ratio is 0.5%. The benchmark rates for work-related injury insurance for employers in categories one to eight industries will be reduced by 20% from the industry benchmark rates stipulated by the state. (Responsible units: Municipal Human Resources and Social Security Bureau, Municipal Finance Bureau)
3. Reduce energy costs
(9) Reduce electricity costs. Encourage power generation companies to lower monthly bilaterally negotiated electricity prices and provide benefits to power users. Further optimize the electricity purchase plan, raise low-price power supplies through multiple channels, and reduce the price of electricity purchased outside the city. Further optimize the time-of-use electricity price mechanism and implement deep valley electricity prices for large industrial users during major festivals. (Responsible units: all power generation companies, municipal power companies, and municipal development and reform commission)
(10) Reduce gas costs. Reduce the gas supply levels of the Shanghai Chemical Industry Zone (hereinafter referred to as the "Chemical Industry Zone") and merge the chemical zone property company's pipeline network into the municipal natural gas pipeline network company. Starting from March 2024, the pipeline transportation fee for the chemical industry zone will be reduced by 0.03 yuan/cubic meter, and the LNG gasification pipeline transportation fee at Yangshan Port will be reduced by 0.02 yuan/cubic meter in stages. Shanghai Gas Company will cancel the original price for some users based on the benchmark price. Price increase of 5%. (Responsible units: Municipal Housing and Urban-Rural Development Management Committee, Municipal State-owned Assets Supervision and Administration Commission, Chemical Industry Zone Management Committee, Municipal Development and Reform Commission, Shenergy Group)
(11) Reduce water costs. Non-resident users will be exempted from the progressive water fee increase in 2024 that exceeds the quota. (Responsible units: Municipal Development and Reform Commission, Municipal Water Affairs Bureau)
(12) Standardize the transfer of supply in industrial parks. Strengthen the cost performance analysis of service-related costs in industrial parks and reduce the cost for enterprises to obtain energy resources and public services in industrial parks. Sort out industrial parks with non-grid direct power supply links, and guide non-grid direct power supply entities in industrial parks to no longer implement price increases. Strictly implement the policy of no price increase for water transfer. Standardize network access services in industrial parks to ensure that network services of basic telecommunications companies can directly reach corporate users. We will improve the normalized supervision and inspection mechanism, strengthen law enforcement inspections, and deal with non-grid direct power supply and water supply entities that increase prices in violation of regulations in accordance with the law. (Responsible units: Municipal Economic and Information Technology Commission, Municipal Finance Bureau, Municipal State-owned Assets Supervision and Administration Commission, Municipal Development and Reform Commission, Municipal Water Affairs Bureau, Municipal Market Supervision Bureau, Municipal Communications Administration Bureau, and various district governments)
4. Reduce financing costs
(13) Increase credit to small and medium-sized enterprises. We will intensify the issuance of inclusive small and micro loans and strive to achieve a loan balance of over 1.3 trillion yuan at the end of the year. Build a long-term working mechanism for "relief financing" for small, medium and micro enterprises, and strive to issue more than 500 billion yuan in relief financing throughout the year. Guide financial institutions to make good use of the long-term available funds released by the reduction of the deposit reserve ratio. We will continue to leverage the effectiveness of the Loan Prime Rate (LPR) reform to promote a steady but steady decline in the comprehensive financing costs of small and medium-sized enterprises. Strengthen credit support for small and medium-sized enterprises in green and low-carbon industries, and expand the scope of carbon emission reduction support tools. Improve credit incentives and risk compensation policies for small, medium and micro enterprises, encourage banks to actively declare, and "take all the credit" for eligible loan products. (Responsible units: Shanghai Headquarters of the People's Bank of China, Shanghai Supervision Bureau of the State Administration of Financial Supervision, Financial Office of the Municipal Party Committee, Municipal Finance Bureau)
(14) Increase the intensity of guaranteed loans. The city's policy financing guarantee fund for small, medium and micro enterprises will be increased in stages from 10 billion yuan to 20 billion yuan to moderately increase risk tolerance. Adjust and improve the "Implementation Measures for Guaranteed Loans for Entrepreneurship in Shanghai" to increase the number of guaranteed loans for entrepreneurial organizations to a maximum of 4 million yuan for a single household, with a maximum loan term of 2 years, including leading industries that are in line with the city's industrial development direction. and entrepreneurial organizations in key industries, the maximum amount of entrepreneurial guaranteed loans shall not exceed 5 million yuan. (Responsible units: Municipal Finance Bureau, Municipal Human Resources and Social Security Bureau)
(15) Strengthen the linkage between industrial policies and financing guarantee policies. Optimize the cross-departmental linkage mechanism of municipal and district government financing guarantee services, make good use of the city's policy financing guarantee funds for small, medium and micro enterprises, expand the coverage of special products such as "park batch loans", and further encourage banks to implement preferential interest rates for small, medium and micro enterprises. (Responsible units: Municipal Economic and Information Technology Commission, Municipal Commerce Commission, Municipal Science and Technology Commission, Municipal Agriculture and Rural Affairs Committee, Municipal Finance Bureau, and district governments)
(16) Implement the policy of interest and fee discounts on loans to small, medium and micro enterprises. The municipal level continues to implement discount interest rates on credit loans for specialized, specialized, and new small and medium-sized enterprises. Strengthen the linkage between municipalities and districts. The municipal level will provide interest discounts on government financing guaranteed loans for small, medium and micro enterprises in key areas, and encourage districts to provide interest discounts and fees on government financing guaranteed loans for small, medium and micro enterprises. (Responsible units: Municipal Economic and Information Technology Commission, Municipal Finance Bureau, and district governments)
(17) Optimize the loan renewal mechanism. We will continue to build a long-term mechanism for "seamless loan renewal", effectively increase the intensity of "loan renewal without principal repayment", and strive to achieve a cumulative total of more than 1 trillion yuan in seamless loan renewal. (Responsible units: Shanghai Supervision Bureau of the State Administration of Financial Supervision, Shanghai Headquarters of the People's Bank of China)
(18) Optimize financial services. We will deepen the “Thousands of Enterprises and Tens of Billion Households” campaign and the “Ten Thousands of Enterprises and Tens of Ten Thousands of Households” project for first-time mortgage loans. Improve the long-term mechanism of "dare to lend, willing to lend, able to lend, and capable of lending" for financial services to small and micro enterprises. Improve Shanghai’s “Xinyidai” comprehensive service platform. (Responsible units: Shanghai Supervision Bureau of the State Administration of Financial Supervision, Shanghai Headquarters of the People's Bank of China, Financial Office of the Municipal Party Committee, and Municipal Development and Reform Commission)
5. Optimize services for enterprises
(19) Strengthen employment services and employment assistance. Implement the "Shanghai Excellent+" action. Focusing on the employment demand in key industries and key areas, no less than 2,000 recruitment activities of various types were held throughout the year, providing no less than 300,000 jobs. The Shanghai Human Resources and Social Security Enterprise Benefiting Policy Service Pack and Employment and Entrepreneurship Training Policy e-book have been updated and released. Improve Shanghai’s new public employment recruitment platform. We will further improve the employment assistance system, implement priority support and key assistance for people with employment difficulties, and implement job subsidies and social insurance subsidy policies for employers to absorb people with employment difficulties. (Responsible unit: Municipal Human Resources and Social Security Bureau)
(20) Optimize and accommodate prudential supervision. We will further improve the benchmarks for administrative law enforcement discretion, expand the scope of matters that are not subject to administrative penalties in accordance with the law, and refine the standards for mitigating administrative penalties. (Responsible unit: Municipal Market Supervision Bureau, relevant departments)
This document will come into effect on March 23, 2024, and will be valid until December 31, 2024. Among them, if the implementation period of specific policies and measures is specially stipulated by the state and this city, those regulations shall prevail.