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Premier Li Keqiang chaired an executive meeting of the State Council on January 9，Decided to launch another batch of inclusive tax reduction measures for small and micro enterprises;Deploy to speed up the issuance and make good use of local government special bonds，Support the construction of projects under construction and projects that make up for shortcomings and drive the expansion of consumption;Listen to the report on ensuring the payment of wages to migrant workers，Deploy the work of managing debt and ensuring payment。

The meeting pointed out，Implementing the spirit of the Central Economic Work Conference，Keep the economy operating within a reasonable range this year，It is very important to strive to achieve a smooth start to the first quarter。Multi-pronged approach is necessary。Developing small and micro enterprises is related to the stable operation of the economy and stable employment。Meeting decision，Introducing a batch of new inclusive tax reduction measures for small and micro enterprises。First, significantly relax the standards for small and low-profit enterprises that can enjoy corporate income tax benefits，At the same time, increase income tax incentives，For small and low-profit dafabet casino mobile appenterprises, the annual taxable income shall not exceed 1 million yuan、Part from 1 million yuan to 3 million yuan，25% off respectively、50% included in taxable income，Reduce tax burden to 5% and 10%。After adjustment, the preferential policies will cover more than 95% of taxpayers，98% of them are private enterprises。The second is to mainly include small and micro enterprises、Self-employed businesses and other individual small-scale taxpayers，Raise the value-added tax threshold from monthly sales of 30,000 yuan to 100,000 yuan。The third is to allow provinces (districts)、Municipal) government’s response to small-scale VAT taxpayers，Resource tax reduction within 50% range、Urban maintenance and construction tax、Stamp duty、Urban land use tax、Farmland occupation tax and other local taxes and education surcharges、Local Education Additional。The fourth is to expand the scope of preferential policies for investment in start-up technology companies，Enable more tax incentives for venture capital companies and individual angel investors who invest in such companies。The fifth is to make up for the local financial gap caused by large-scale tax and fee reductions，The central government will increase general transfer payments to local governments。The above tax reduction policy can be retroactive to January 1 this year，The implementation period is tentatively three years，It is expected to reduce the burden of small and micro enterprises by about 200 billion yuan each year。

The meeting pointed out，Focus on optimal structure、Stabilize domestic demand，More effective use of fiscal and monetary policies。Implement the comprehensive RRR reduction dafabet online betting websitemeasures announced recently，Continue to implement prudent monetary policy，Insist on not engaging in “flood irrigation”，Timely pre-adjustment and fine-tuning，Relief for private enterprises、Financing is difficult and expensive for small and micro enterprises，Ensure reasonable and sufficient market liquidity，Promote the expansion of employment and consumption。At the same time，It is necessary to speed up the issuance and use of local government special bonds。Meeting decision，The first is for 1 that have been authorized by the National People’s Congress in advance.39 trillion yuan of local debt issuance to be launched as soon as possible。Hurry up and determine the full-year special debt allocation plan，Strive to basically complete the issuance before the end of September。The second is to better utilize the important role of special bonds in stabilizing investment and promoting consumption。Funds raised from special bonds should be used first for projects under construction，Prevent "half-baked" projects，Support major planned projects and resolve arrears for government projects, etc.。Start a batch of transportation projects in places with construction conditions、Water Conservancy、Ecological and environmental protection and other major projects，Form physical workload as soon as possible。In places where conditions are not yet met, preparation of materials and other preliminary work must be carried out as soon as possible。Third, monetary and credit policies must coordinate with the issuance of special bonds and supporting project financing，Guide financial institutions to strengthen financial services，Guarantee follow-up dafabet online betting websitefinancing for major projects。The fourth is to standardize the management of special debts，Implement repayment responsibilities，Strictly control the hidden debt of local governments。

The meeting called for strengthening the management of migrant workers’ wage arrears。All localities must give priority to paying back wages due to arrears in government investment projects。In arrears of wages to the enterprise，Ordered to resolve within a time limit，Severe penalties in accordance with the law for late payment。

  Source: China Economic Herald