China News Service, Beijing, August 17 (Reporter Zhao Jianhua) This year, facing the triple pressure of demand contraction, supply shock, and weakening expectations, China implemented a new combined tax and fee support policy.
In 2022, it is estimated that the new tax rebates, tax reductions and fee reductions will be 2.64 trillion yuan (RMB, the same below), of which the scale of tax rebates is expected to reach 1.64 trillion yuan.
The Ministry of Finance of China announced on the 17th that the task of large-scale centralized tax refunds for retained tax refunds has been basically completed.
Large-scale tax and fee reduction is a key measure of macro-control, and it is the most direct, fair and efficient policy to benefit enterprises and the people.
On the basis of a series of combined tax and fee support policies issued in advance, the Ministry of Finance and other departments have further introduced relevant support policies this year, and the car purchase tax will be halved in stages for passenger cars with a displacement of 2.0 liters and below that do not exceed 300,000 yuan; We will further strengthen the policy of refunding residual VAT credits, and include seven industries, including wholesale and retail, into the policy scope of full monthly refund of incremental residual tax and one-time full refund of existing residual tax.
The stable and orderly implementation of the combined tax and fee support policy has played an important role in boosting the confidence of market players, stabilizing market expectations, expanding effective investment, stimulating final consumption, and promoting the steady and healthy development of the economy.
The relevant person in charge of the Ministry of Finance stated that, as the most important part of the combined tax and fee support policy, the implementation of large-scale tax rebates will directly provide cash flow for enterprises through real money, and promote them to accelerate technological transformation and equipment renewal. It has strengthened the endogenous driving force for development and provided strong support for stabilizing the macroeconomic market.
According to data released by the State Administration of Taxation, as of July 20, the total new tax cuts and fee reductions and tax rebates and tax deferrals have exceeded 3 trillion yuan this year.
2,000.5 billion yuan of value-added tax refunds have been refunded to taxpayers' accounts, more than three times the scale of tax refunds last year.
New tax cuts and fee reductions of 507.4 billion yuan, including 409.7 billion yuan in new tax cuts and 97.7 billion yuan in new fee reductions.
A total of 553.3 billion yuan of tax deferrals have been handled.
The relevant person in charge of the Ministry of Finance emphasized that the next step will be to work with relevant departments to implement various tax and fee support policies, increase policy publicity, strictly prevent and control the risk of tax fraud, fully release policy dividends, stabilize the macroeconomic market, and maintain the financial economy. It operates within a reasonable range and strives to achieve the expected goals of economic and social development throughout the year.
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