Xinhua News Agency, Beijing, October 27th (Reporters Shen Cheng, Wang Yuxiao) The State Council executive meeting held on the 27th deployed phased tax deferral measures for small, medium and micro enterprises in the manufacturing industry to further increase the efforts to help companies relieve their difficulties.
The tax deferment will be implemented on November 1 this year and will end in January next year. It is estimated that the tax deferment will be around 200 billion yuan for small, medium and micro enterprises in the manufacturing industry.
Since the beginning of this year, China has further optimized the tax and fee reduction policies, improved the effect of policy implementation, and helped market players recover their vitality and increase vitality.
Recently, the high prices of bulk commodities and the sharp rise in production costs have had a certain impact on enterprises, especially manufacturing enterprises. In this regard, the meeting proposed new measures to help enterprises rescue their difficulties.
It was decided at the meeting that the corporate income tax, domestic value-added tax, domestic consumption tax and accompanying urban construction and maintenance tax paid by small, medium and micro enterprises in the manufacturing industry in the fourth quarter of this year, as well as the personal income tax paid by individual industrial and commercial households, individual proprietorships and partnerships (not included) (Including the personal income tax withheld and paid by him), the tax deferred payment shall be implemented in stages.
The meeting clarified that for small and micro manufacturing enterprises (including individual industrial and commercial households) with annual sales revenue of less than 20 million yuan, all their taxes will be deferred; for medium-sized manufacturing enterprises with annual sales revenue of 20 million to 400 million yuan, The realized tax will be postponed at 50%, and enterprises with special difficulties can apply for all tax deferrals in accordance with the law.
In addition, in order to alleviate the difficulties in the operation of coal-fired power and heating enterprises, the tax deferment implemented in the fourth quarter of this year is expected to total about 17 billion yuan.
The delay in payment of the above-mentioned tax deferment measures is up to 3 months.
In addition, the meeting decided to extend the implementation period of the corporate income tax and value-added tax exemption policies for bond interest income obtained by foreign institutional investors from investing in the domestic bond market to the end of the "14th Five-Year Plan" period, which is December 31, 2025.
Experts said that this measure will encourage more foreign investors to participate in domestic development through the bond market, promote opening up and attract foreign investment.
Tax and fee reduction policies are related to the vital interests of the majority of market entities and must be implemented in detail.
Tan Long, the first-level inspector of the Taxation Department of the Ministry of Finance, said recently that in the next step, we will conscientiously implement the decisions and deployments of the Party Central Committee and the State Council, resolutely implement the policy of fine-grained tax and fee reduction, continue to clean up and standardize various types of illegal charges related to enterprises, and resolutely will not collect them. Excessive taxes and fees to prevent weakening of the tax and fee reduction dividends.