首page> News>New fiscal highlights this year: tax cuts and fee reductions focus on manufacturing,Relaxation of conditions for identification of small and micro enterprises

 

 

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Article selector: Guo Hongli    |  Release date: 2019-01-17   |   Number of visits: 1641    
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To further release the vitality of the enterprise,A new round of more powerful tax cuts and fee reductions will be implemented one by one this year,The main areas will focus on manufacturing and small and micro enterprises。

"In accordance with the requirements of the Central Economic Work Conference,We need to implement larger tax cuts and fee reductions,Solve the problem of difficult and expensive financing for private enterprises and small and micro enterprises。" Deputy Director of the National Development and Reform Commission said at the press conference of the State Council Information Office held on the morning of the 15th。

Tax cuts and fee reductions focus on manufacturing

Assistant Minister of Finance pointed out when attending the press conference,Increase tax cuts and fee reductions,By enacting larger tax cuts,Adhere to the combination of inclusive tax reduction and structural tax reduction,Focus on reducing the burden on manufacturing and small and micro enterprises,Support the development of the real economy;We need to promote more significant fee reductions,Cleaning up and standardizing local charging items,Intensify the investigation and rectification of arbitrary charges。

"The manufacturing value-added tax rate is expected to be further reduced。"Assistant dean of Shanghai University of Finance and Economics' public policy and governance researcher told China Business News,Under future changes in the global economic situation,The status of manufacturing dafabet casino mobile appindustry will become higher and higher。Therefore, tax cuts and fee reductions can boost the vitality of the manufacturing industry,It is of great significance to promote the development of manufacturing industry;And,Reduce the value-added tax rate for manufacturing,Can reduce product prices,Promote consumption。

  Assistant Minister of FinanceAlso pointed out,Based on the economic situation and various expenditure needs,Moderately expand the scale of fiscal expenditure;And significantly increase the scale of local government special bonds,Support the construction of major projects under construction and make up for weak points。

"Improving efficiency" refers to improving the efficiency of fiscal fund allocation and improving the efficiency of fiscal fund use。On the one hand,The expenses of this insurance must be guaranteed,We need to increase our efforts to combat poverty、“Three Rural Areas”、Structural adjustment、Technological Innovation、Ecological and environmental protection、Investment in people’s livelihood and other fields;We must vigorously reduce general expenditures,Strictly control the "three public affairs" budget,General expenditures must be reduced by more than 5%,Cancel inefficient and invalid expenditures。

On the other hand,We must also simultaneously improve the efficiency of the use of fiscal funds;Not only should budget performance management be integrated throughout the entire process of budget preparation and execution,Better promote the implementation of policies to achieve results,We must continue to revitalize existing fiscal funds,Recover all long-term accumulated funds that are difficult to spend,Coordinated use in areas in urgent need of financial support。

The tax reduction conditions for small and micro enterprises are further relaxed

  Assistant Minister of Financemeans,In 2019, greater tax and fee reduction measures dafabet online sports betting appwill be implemented,It will be realized in four aspects。

For small and micro enterprises,Inclusive tax reduction and exemption policy will be implemented,Increase the VAT threshold for small-scale taxpayers,Monthly sales volume is adjusted from 30,000 yuan to 100,000 yuan,Those with monthly sales of less than 100,000 yuan,No need to pay VAT。

Relax the standards for small and low-profit enterprises and increase preferential policies。According to the calculations of the financial department,The number of households recognized as small and low-profit enterprises in my country is 17.98 million,Accounting for more than 95% of all taxpayers,98% of them are private enterprises。The relaxed conditions are: the total assets of the enterprise are less than 50 million yuan、The number of employees is less than 300、Taxable income below 3 million yuan。This is a significant improvement from the original standards,That is to say, more enterprises will be recognized as small and low-profit enterprises。

Some local taxes paid by small-scale taxpayers,Half levy can also be implemented。Allowing localities to reduce resource taxes within 50% according to procedures、Urban maintenance and construction tax、Stamp duty、Urban land use tax、Local taxes such as farmland occupation tax, education surcharges and local education surcharges。

In addition,The scope of preferential policies for start-up technology enterprises will be expanded,Policy that 70% of the investment amount by venture capital companies and individual angel investors in start-up technology companies can be deducted from taxable income。In other words, if venture capital companies and individual angel investors invest in start-up technology companies,70% of the investment amount can be used to deduct taxable income。Further expand the scope or standards of investment in start-up technology companies,Expanded to dafabet online betting websiteno more than 300 employees、Start-up technology enterprises with total assets and annual sales revenue not exceeding 50 million yuan。

"The most important thing is to ensure employment,Small and medium-sized enterprises play an important role in protecting enterprises,Must ensure its continuity、Steady operation;In addition,Small and medium-sized enterprises are more vulnerable to the impact during the economic downturn,Therefore ensuring the survival of the company、And stabilize employment to a certain extent,It is urgent to implement。”Assistant to the Dean, Public Policy and Governance Researcher, Shanghai University of Finance and Economicsmeans,With the gradual implementation of tax reduction and fee reduction policies,More companies will receive greater benefits from tax breaks,The vitality of market entities is expected to be further stimulated。

  Source: China Business News

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