Home » In the first three quarters, the nationwide new tax and fee reductions of 910.1 billion yuan and preferential tax and fee policies add vitality to the burden reduction of enterprises_manufacturing

In the first three quarters, the nationwide new tax and fee reductions of 910.1 billion yuan and preferential tax and fee policies add vitality to the burden reduction of enterprises_manufacturing

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Original title: In the first three quarters, the nationwide new tax reduction and fee reduction of 910.1 billion yuan, tax and fee preferential policies added vitality to the burden reduction of enterprises

Tax and fee policies focus on supporting the development of industrial economy, small, medium and micro enterprises, etc.

“Data shows that in the first three quarters of this year, the nationwide new tax cuts and fees of 910.1 billion yuan, of which 788.9 billion yuan in tax cuts, and 121.2 billion yuan in additional fee cuts.” Wang Daoshu, deputy director of the State Administration of Taxation, held a meeting on the 5th. State Council’s regular policy briefing.

Wang Daoshu said that in the third quarter, in response to new conditions and new challenges in economic operations, my country has introduced a tax and fee reduction policy, and further increased the policy that allows enterprises to enjoy the additional deduction of R&D expenses in the first three quarters in advance. Implement phased tax deferral measures for small, medium and micro enterprises in the manufacturing industry, and implement tax reduction, rebates, and deferral measures for coal-fired power and heating enterprises, etc., to help companies relieve their difficulties and boost the confidence of market entities. Overall, the tax and fee measures introduced by the state this year are mainly reflected in the “four focuses”:

The first is to focus on supporting the smooth operation of the industrial economy. For example, the implementation of phased tax deferral measures for small and medium-sized manufacturing enterprises, the monthly full refund of incremental value-added tax credits for advanced manufacturing enterprises, and the implementation of “reduction, refund and delay” tax measures for coal power and heating enterprises Etc. to ease the financial pressure of enterprises.

The second is to focus on supporting the development of small, medium and micro enterprises. For example, in addition to the preferential tax and fee measures for small, medium and micro enterprises in the manufacturing industry, the policy of reducing the value-added tax collection rate for small-scale taxpayers from 3% to 1% will continue, and the threshold will be increased from 100,000 yuan to 150,000 yuan per month. On the part of small and low-profit enterprises and individual industrial and commercial households whose annual taxable income is less than 1 million yuan, the corporate income tax will be halved on the basis of the original preferential treatment.

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The third is to focus on supporting technological innovation. For example, the rate of deduction for R&D expenses of manufacturing enterprises will be increased from 75% to 100%, and enterprises will be allowed to enjoy the preferential deduction policy for the first three quarters of this year in advance to further reduce R&D costs of enterprises and enhance the vitality and momentum of technological innovation.

The fourth is to focus on supporting foreign investment. The various preferential tax and fee policies introduced this year can also be enjoyed by foreign-funded enterprises in accordance with the law. At the same time, it will continue to implement special preferential policies such as the deferred tax payment for reinvestment of profits of foreign-funded enterprises, to serve the expansion of opening up, and to enhance foreign investment confidence in China.

Implement phased tax deferral measures and other measures to promote the relief development of small, medium and micro enterprises

“Since 2019, the state has introduced a series of preferential tax policies for small and micro enterprises. The threshold for small-scale VAT taxpayers has continued to increase, the collection rate has been greatly reduced, the actual income tax rate for small and low-profit enterprises has continued to fall, and the policy has continued to increase. Cai Zili, Director of the Revenue Planning and Accounting Department of the State Administration of Taxation, said that these preferential tax policies and measures have continued to take root, which has effectively promoted the development of small and micro enterprises in relief, and achieved positive results of “one reduction and two liters”:

“One reduction” means to reduce the tax burden. In the first three quarters of the country, 70% of small and micro enterprises with income from operating activities did not need to pay taxes. On the basis of a year-on-year decrease of 19.4% in the taxes paid by small and micro enterprises per hundred yuan of sales revenue in 2020, the first three quarters of this year have further decreased by 18.9% compared with the same period in 2020.

“Two liters” means that both the number of jobs absorbed and the vitality of market entrepreneurship have increased. In September of this year, the number of employees in small and micro enterprises across the country who declared individual tax increased by 9.9% year-on-year, and has been increasing month-on-month for seven consecutive months since returning to work during the Spring Festival. As of the end of the third quarter, there were 60.76 million small and micro enterprises and individual industrial and commercial households in the national tax-related market, an increase of 6.7% over the same period in 2020, an increase of 21.7% over the same period in 2019, and an average increase of 10.3% over the two years.

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Recently, in accordance with the deployment of the executive meeting of the State Council, the taxation department has intensively implemented the implementation of phased tax deferral measures for small, medium and micro enterprises in the manufacturing industry. For small, medium and micro manufacturing enterprises with annual sales of less than 400 million yuan (excluding 400 million yuan), a policy of postponing the payment of part of the taxes and fees in the fourth quarter, of which medium-sized manufacturing enterprises can postpone the payment of 50% of the taxes and fees within the scope of the policy, Manufacturing small and micro enterprises can postpone the payment of all taxes and fees within the scope of the policy. At the same time, in order to make the operation easy and easy for taxpayers, after the eligible taxpayers declare, the interface will automatically pop up whether to delay the payment, confirming that the tax payment period for the delay is extended by 3 months. As of November 4, the implementation of the phased tax deferral policy for manufacturing small, medium and micro enterprises has been implemented for 4 days, and a total of 6.21 billion yuan in tax deferred payment has been handled for eligible enterprises.

The taxation department also refunds the incremental value-added tax credit for advanced manufacturing enterprises in full monthly, and refunds 60% incremental tax credit for other manufacturing enterprises. In the first three quarters of this year, the taxation department handled a total of 91.7 billion yuan in tax refunds for 22,400 manufacturing enterprises, of which 11,600 advanced manufacturing enterprises handled 42 billion yuan in tax refunds.

Make good use of the deduction policy for R&D expenses to help scientific and technological innovation

One of the highlights of this year’s tax and fee reduction policy is that companies can enjoy the additional deduction policy for R&D expenses in the first three quarters in advance, and the deduction ratio for manufacturing companies will be increased from 75% to 100%. The data shows that all kinds of enterprises across the country enjoy an additional deduction of 1.3 trillion yuan in advance, and a tax reduction of 333.3 billion yuan. The amount of the additional deduction accounted for 77.6% of last year’s final settlement.

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“Through the implementation of the policy of early enjoyment of R&D expenses plus deduction, it is equivalent to reducing the taxes that companies should pay in the current period and increasing the available funds of 333.3 billion yuan.” Wang Daoshu said.

In terms of the amount of deductions for R&D expenses, 82.1% of the companies that enjoy preferential deductions exceed 1 million yuan. From the perspective of the average household level, the average R&D investment of enterprises that enjoy preferential treatment is 4.565 million yuan, which is a year-on-year increase of 13.3%, calculated on a comparable basis.

For manufacturing enterprises, not only can they enjoy the R&D expenses plus deduction policy in advance, but the ratio of the plus deduction will be increased from 75% to 100%. The double benefits benefited 186,000 manufacturing companies, with an additional deduction of 903.6 billion yuan and tax deductions of 225.9 billion yuan. Among the enterprises that have enjoyed the extra deduction policy for R&D expenses in advance, there are 302,000 private enterprises with an extra deduction amount of 953.6 billion yuan, and tax deductions of 238.4 billion yuan, which has a positive effect on promoting better development of private enterprises in the stable expectation.

According to reports, the taxation department has stepped up its efforts in streamlining operations, precise guidance, and fine collaboration to ensure that tax cut dividends are directly and quickly enjoyed. For example, it has greatly streamlined the filling of information in corporate accounts, optimized the method of calculation of expenses, and effectively reduced the burden of corporate accounting. The auxiliary accounts for research and development expenses that enterprises need to fill out to enjoy the policies have been reduced by 75%, the filing time has been significantly shortened, and the financial workload has been drastically reduced.Return to Sohu to see more

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