Every reporter: Huang Mingyang Every editor: Yang Huan
Image source: Every photo by reporter Huang Mingyang
Two important time points coincided on April 1: the 31st National Tax Promotion Month kicked off, and about 1.5 trillion yuan of value-added tax credits and tax refunds were officially launched.
On the same day, many places across the country held the launching ceremony of the Tax Publicity Month, trying to use diversified publicity and precise guidance to improve the effect of policy implementation. Among them, the launching ceremony of Sichuan Taxation embodies a number of “special” points, which attracts special attention.
At the same time, at the launching ceremony of the Tax Publicity Month held in Meishan City, Sichuan Province, “tax refunds for retained tax credits” became the key word. In addition to publicizing and advising the policies issued by the central government and committed to implementing tax rebates and tax reductions, Sichuan has also innovatively launched the “Tax and Electricity Index Loans” on the basis of the first “Tax and Electricity Index” to further solve the urgent needs of small and medium-sized enterprises.
Compared with previous years, in this year’s national government work report, the frequency of the word “steady” has increased significantly, releasing a strong signal of “steady growth”. Among them, it is clearly necessary to implement a new combined tax and fee support policy; it is estimated that the annual tax rebate will be about 2.5 trillion yuan, of which about 1.5 trillion yuan will be retained.
The “special” features are reflected in these “phrases” in the report: 2.5 trillion, which means that the total amount of tax rebates and tax reductions is the highest in history; 1.5 trillion, accounting for 60% of the total, means the most important tax incentives this year. It is “refunded tax rebate”; the combination type is prominent, because this year’s policy is both inclusive and specific areas of assistance; both the central government has issued policies uniformly, and local governments have implemented independent policies in accordance with the law; there are tax rebates, as well as reductions, exemptions, and delays. tax and other support methods.
Behind the new policy, it reflects the intention of “direct” market players.
Focusing on “Remaining Tax Rebates” to preach the original intention of the policy to highlight “direct” SMEs
At the launching ceremony of the Tax Publicity Month in Sichuan, there was a section dedicated to the promotion of preferential tax and fee policies to support the development of small and micro enterprises this year. The reporter of “Daily Economic News” noticed on the spot that “reduction”, “exemption”, “delay”, “retirement” and “support” are the five key words emphasized by policy preachers, and these are exactly the five key words in the combined tax and fee support policy. A precise summary of “there are tax rebates, tax reductions, tax exemptions, tax deferrals and other support methods”.
It is understood that a total of 223 similar lectures were carried out simultaneously in various parts of Sichuan that day.
Through the publicity, the local government clarified to enterprises in more detail the four conditions that need to be met to apply for a tax refund. At the same time, according to Fu Hongxue, director of the Goods and Labor Tax Division of the Sichuan Provincial Taxation Bureau, while increasing policy publicity and guidance, Sichuan Taxation has also combined tax big data to classify and identify enterprises, and sorted out a “refundable list”. Various information security platforms are also in place.
There are reasons for the propaganda that focuses on “refunded tax credits”. In fact, in recent years, the central government has stepped up efforts to reduce taxes and fees, especially the VAT credits and refunds.
According to the previous policy, the tax credits at the end of the period formed by the purchase of fixed assets, raw materials, etc. by enterprises can only be reserved for the next period to be deducted, and cannot be realized in time through tax rebates.
Because of this, as early as May 1, 2018, my country will grant a one-off tax credit to qualified enterprises in equipment manufacturing and other advanced manufacturing industries, R&D and other modern service industries and power grid enterprises that have not been fully deducted within a certain period of time. Sexual refund.
On March 21, 2019, the three departments of the Ministry of Finance, the State Administration of Taxation, and the General Administration of Customs jointly issued the “Announcement on Policies Concerning Deepening the Value-Added Tax Reform”, clarifying that starting from April 1 of the same year, the tax refund system for end-of-period VAT credits will be implemented on a trial basis. . At that time, Shi Zhengwen, director of the Fiscal and Taxation Law Research Center of China University of Political Science and Law, once pointed out that it is worthy of full affirmation to expand the tax rebate of the retained tax to all industries.
In 2022, the state will further increase the intensity of tax rebates. Also on April 1, the latest “Announcement of the State Administration of Taxation on Further Strengthening the Implementation of the VAT Refund Policy at the End of the Period on Collection and Management Matters” made supplementary regulations on individual collection and management matters, and officially began to implement on the same day.
Whether it is to vigorously increase tax reduction and tax rebates, and all tax rebate funds go directly to enterprises, or the central government’s funds for local financial support go directly to cities and counties, etc., behind the changes are actually the intention of “direct”, which is the pragmatic promotion of the central government. Enterprise policy, in order to avoid the leakage of time and amount in the intermediate links as much as possible.
Launched “Tax and Electricity Index Loans” to tap the financing needs of small, medium and micro enterprises with the help of tax and electricity data
Another interesting point is the selection of the venue for the launching ceremony in Sichuan.
At present, there are 21 cities and prefectures in Sichuan, and the launching ceremony of the 31st National Tax Publicity Month was held in Meishan City, Sichuan Province. On the day of the event, the signing ceremony of the cooperation agreement for the “Tax and Electricity Index Loan” service platform for small, medium and micro enterprises was held at the main venue. This means that within the scope of Meishan, the “Tax and Electricity Index Loan” will be officially launched to benefit the people’s financial products, and the in-depth application scenarios of the “Tax and Electricity Index” will be expanded.
Similar to the Purchasing Managers Index (PMI), the “Tax and Electricity Index” is an indicator that was first created in the country by the Sichuan Provincial Taxation Bureau and Sichuan Electric Power Company in 2020 to track macroeconomic trends by drawing on domestic and foreign practical experience and scientific methods.
That is, using the tax procurement invoice data to calculate the comprehensive situation of the economy’s purchasing stage; using the electricity consumption data to calculate the comprehensive situation of the economy’s production stage; using the tax sales invoice data to calculate the economy’s comprehensive situation of the sales stage. Then comprehensively calculate the three-stage situation to obtain the overall prosperity index of the economy.
At present, the calculation object of the index has covered all industrial and commercial enterprise users in Sichuan Province. It can be divided into 20 industry categories, 97 major industry categories, 473 medium industry categories, and 1,380 industry sub-categories according to the national standard. It can fully measure the three stages of economic activities ( purchase stage, production stage, sales stage).
Through taxes and electricity, it is undoubtedly more objective and timely to observe the prosperity and decline of enterprises and industries, and reflect the prosperity and decline of the regional economy. Because of this, just in January this year, at the press conference on the economic situation of Sichuan Province, the “Sichuan Province Economic Prosperity Tax and Electricity Index” has been included in the normalized release of Sichuan’s economic situation for the first time.
And Meishan, Sichuan, takes a step forward on this basis:
Since the data of taxation and electricity can analyze the multi-dimensional situation of the enterprise’s production chain, capital chain, prosperity and so on, can it become the “credit capital” of the enterprise and help the bank to use the data to accurately match better quality products. Enterprises, reduce financial risks, and at the same time “transfusion” for small and medium-sized enterprises to a greater extent to help them tide over difficulties?
Based on this, at the launching ceremony of the 31st National Tax Publicity Month in Sichuan, Meishan City’s newly released “Tax and Electricity Index Loan” financial product is to analyze the production and operation status and capital needs of enterprises through the data of enterprise tax invoices and electricity consumption, and solve the problem The problem of “financing difficulties” for SMEs.
Zhu Chunxiu, general manager of Meishan Jiaxing Aluminum Co., Ltd., who obtained the loan, said that the tax and electricity index loan is very convenient and does not require collateral. It only requires tax payment and electricity consumption. After passing the system review, the loan was obtained in a few minutes. At present, the company where he works has successfully obtained more than 2 million loans for purchasing raw materials and expanding the scale of production and operation.
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