Tax reduction "big package" to create new industries into key areas

Core Tip: It is expected that more tax and fee reduction measures will come to fruition. Advanced manufacturing and emerging industries will become the key areas of tax and fee reduction encouragement.

Core Tip: It is expected that more tax and fee reduction measures will come to fruition. Advanced manufacturing and emerging industries will become the key areas of tax and fee reduction encouragement. Original title: the government has given tax relief packages to enterprises.

"Whether it is small and micro enterprises or large enterprises, whether it is domestic or foreign-funded enterprises, whether it is start-up enterprises or growth enterprises, there are a series of supporting tax incentives to give precise support. Next, there will be more policies to promote enterprise development. The tax authorities will take more forceful measures to deliver the "big gift package" of tax cuts from the Party Central Committee and the State Council to every enterprise in time. Wang Jun, director general of the State Administration of Taxation, said.

Tax reduction and fee reduction are closely related to each enterprise. In order to continue to promote the implementation of relevant policies in place, and strive to create a good business environment for taxation, the relevant government departments from various aspects, in accordance with the different industries to introduce relevant tax reduction policies.

 
Recently, the Executive Council of the State Council confirmed that the value added tax rate of manufacturing industry has dropped from 17% to 16% since May 1st. The value-added tax rate of transportation and basic telecommunications will be reduced from 11% to 10%. The taxpayers' annual sales standards were raised from 50 and 800 thousand to 5 million yuan. Enterprises that meet the requirements of modern service industries such as equipment manufacturing, R&D and other advanced manufacturing industries and power grid enterprises that have not been deducted within a certain period of time shall be refunded in one lump sum. The meeting pointed out that over the past five years, the accumulated tax reduction has been reduced by 2 trillion and 100 billion yuan.

An analyst at Oriental Securities said more tax cuts and fee cuts were expected to come to fruition, with advanced manufacturing and emerging industries becoming the focus of tax cuts and fee incentives.

Liu Xiangdong, deputy researcher of the Economic Research Department of the China International Economic Exchange Center, told the Securities Daily yesterday that a comprehensive tax cut and fee reduction is an important measure to create a good business environment. In the critical period of kinetic energy conversion, the business environment of enterprise development is very important. Reducing tax and fee costs can enhance the competitiveness of enterprise development and hedge the pressure brought by the rising factor costs. Structural tax cuts will bring more benefits to the cultivation of strategic emerging industries, especially high-end manufacturing, artificial intelligence, biomedicine and other emerging industries that will benefit from the focus of development, thereby enhancing the resilience and vitality of economic development.

An analyst at Oriental Securities said more tax cuts and fee cuts were expected to come to fruition, with advanced manufacturing and emerging industries becoming the focus of tax cuts and fee incentives.

Liu Xiangdong, deputy researcher of the Economic Research Department of the China International Economic Exchange Center, told the Securities Daily yesterday that a comprehensive tax cut and fee reduction is an important measure to create a good business environment. In the critical period of kinetic energy conversion, the business environment of enterprise development is very important. Reducing tax and fee costs can enhance the competitiveness of enterprise development and hedge the pressure brought by the rising factor costs. Structural tax cuts will bring more benefits to the cultivation of strategic emerging industries, especially high-end manufacturing, artificial intelligence, biomedicine and other emerging industries that will benefit from the focus of development, thereby enhancing the resilience and vitality of economic development.