Tax rebates, rent exemptions, and subsidies Shanghai releases 21 rescue policies to help enterprises
Xinhua News Agency, Shanghai, March 29 (Reporter Yuan Quan) On the 29th, Shanghai issued "Several Policies and Measures to Fully Fight the Epidemic and Help Enterprises to Promote Development", including subsidy support for eligible enterprises' expenditure on epidemic prevention and disinfection, and the implementation of large-scale 21 specific measures, including VAT credits and refunds.
Preliminary estimates show that tax-related policies alone can reduce the burden on related industries and enterprises in Shanghai by about 140 billion yuan in 2022.
Ruan Qing, deputy director of the Shanghai Municipal Development and Reform Commission, said that “several policy measures” are to fully implement the state’s rescue policies for enterprises. For example, national policies stipulate that retail and catering companies will be subsidized for the cost of conducting regular nucleic acid testing for employees for free, and the proportion is not low. At 50%, Shanghai provides full subsidy support.
The second is to study and formulate more supportive policies in response to the impact of this round of epidemic on enterprises. For example, the objects of housing rent reduction and exemption in Shanghai have been expanded from the service industry stipulated by the state to all industries.
In response to the shortage of operating funds for enterprises, the policies and measures introduced by Shanghai this time put tax rebates in the front.
"Last year, there were more than 3,000 enterprises enjoying tax refunds in Shanghai. This year, it is expected that there will be a substantial increase in the number of enterprises with tax refunds in stock and incremental increments, reaching 250,000." said Pang Wei, deputy director of the Shanghai Municipal Taxation Bureau.
Recently, the state has introduced relevant policies, proposing to exempt some 2022 rents for small and micro enterprises and individual industrial and commercial households in the service industry that lease state-owned houses.
Chen Dong, chief economist of the Shanghai State-owned Assets Supervision and Administration Commission, said that on the basis of implementing national policies, Shanghai has appropriately relaxed the scope of rent-free, covering small and micro enterprises and individual industrial and commercial households in all industries.
Specifically, for small and micro enterprises and individual industrial and commercial households that rent Shanghai state-owned enterprise houses in all regions, the rent for 3 months in 2022 will be exempted; in 2022, Shanghai state-owned enterprises will be rented in the administrative areas of the streets and towns where the high-risk areas of the epidemic are located. For houses, the rent will be exempted for another 3 months, and the total rent will be exempted for 6 months.
Since the outbreak of the current round of the epidemic, retail, catering and other industries have been greatly affected, and therefore have become the focus of Shanghai's rescue policy.
In addition to providing full subsidy support for nucleic acid testing expenses for employees in key retail and catering positions, Shanghai is also studying support policies for the exhibition industry.
Affected by the epidemic, many exhibitions have been postponed or suspended. Shanghai will study and provide subsidy support for some enterprises in difficulty or foreign economic and technological exhibitions to be held in 2022 to overcome the impact of the epidemic.