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The State Council has issued another preferential tax policy, which is expected to increase tax cuts by more than 550 billion yuan for the whole year.


Release time:

2021-04-02

Core reminder: Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on March 31, focusing on stimulating the vitality of market players and enhancing the development potential, launching new measures to deepen the reform of "decentralization, management and service"; deploying and promoting tax reduction and fee reduction, implementing and optimizing Tax reduction policies for small and micro enterprises and individual industrial and commercial households.

The State Council has issued another preferential tax policy, which is expected to increase tax cuts by more than 550 billion yuan for the whole year.


Core reminder: Premier Li Keqiang of the State Council presided over an executive meeting of the State Council on March 31, focusing on stimulating the vitality of market players and enhancing the development potential, launching new measures to deepen the reform of "decentralization, management and service"; deploying and promoting tax reduction and fee reduction, implementing and optimizing Tax reduction policies for small and micro enterprises and individual industrial and commercial households.

 

-From January 1 this year to the end of next year, the annual taxable income of small and micro enterprises and individual industrial and commercial households is less than 1 million yuan, and the income tax will be halved on the basis of the current preferential policies.

-From April 1 this year to the end of next year, the value-added tax threshold for small and micro enterprises, individual industrial and commercial households and other small-scale taxpayers will be increased from the current monthly sales of 100000 yuan to 150000 yuan.

-Starting from April 1 this year, manufacturing enterprises such as transportation equipment, electrical machinery, instrumentation, medicine, and chemical fibers will be included in the scope of the VAT retention and tax rebate policy for advanced manufacturing enterprises, and the full monthly refund of incremental retention will be implemented. Tax.

Premier Li Keqiang presided over an executive meeting of the State Council on March 31, focusing on stimulating the vitality of market players and enhancing the momentum of development, launching new measures to deepen the reform of "release, management and service"; deploying and promoting tax and fee reductions, and implementing and optimizing tax reduction policies for small and micro enterprises and individual industrial and commercial households.

The meeting pointed out that, in accordance with the deployment of the Party Central Committee and the State Council, to do a solid job in the "six stability" work and fully implement the "six protection" tasks, it is necessary to scientifically analyze the current economic situation, keep a clear head, and further implement "protection" measures to consolidate "stability". "The foundation for promoting the smooth operation of the economy and improving quality and efficiency.

The meeting focused on stimulating the vitality of market players and promoting stable employment and people's livelihood, and identified specific measures to deepen the reform of "release and service.

One is to improve the employment environment. Reduce the number of vocational qualifications in the access category and promote the identification of socialized vocational skills. Support the healthy development of new forms of employment. We will promote the pilot program of occupational injury protection in flexible employment, expand the coverage of work-related injury insurance, and safeguard the legitimate rights and interests of flexible employees.

The second is to promote the approval of enterprises involved in reducing links, materials, time limit and expenses. Speed up the whole process of trademark patent registration application electronic. Reduce the customs clearance inspection rate of law-abiding enterprises and low-risk commodities. Less and port charges.

Three is to support the expansion of domestic demand. Clean up the restrictions on the movement of used cars in violation of regulations, and reasonably relax market access such as tourist accommodation.

Four is to optimize the supply of people's livelihood services. Promote more services related to people's livelihood "cross-provincial". Promote the development of pension institutions, the introduction of social forces to expand capacity, improve operation and service quality. Fifth, further promote fair supervision. Adhere to the combination of decentralization and management, take fair supervision as a necessary guarantee for streamlining administration and delegating powers, implement departmental supervision responsibilities, improve supervision rules and standards, establish a benchmark system for administrative discretion, innovate and strengthen supervision during and after the event, and deal with people's lives, health and public safety. Strictly supervise. Through deepening reform, we can release vitality, manage fairness and efficiency.

The meeting pointed out that while adjusting some phased policies this year, we should not make a "sharp turn" and take hedging measures to help market players recover their vitality and consolidate the foundation for economic recovery. The meeting identified preferential tax policies to further support small and micro enterprises, individual industrial and commercial households and advanced manufacturing industries.

The first is to increase the preferential income tax for small and micro enterprises and include individual industrial and commercial households into the scope of preferential policies. From January 1 this year to the end of next year, the annual taxable income of small and micro enterprises and individual industrial and commercial households will be less than 1 million yuan. On the basis of the current preferential policies, the income tax will be halved to further reduce the actual tax burden.

Second, from April 1 this year to the end of next year, the VAT threshold for small and micro enterprises, individual industrial and commercial households and other small-scale taxpayers will be increased from the current monthly sales of 100000 yuan to 150000 yuan.

Third, starting from April 1 this year, manufacturing enterprises such as transportation equipment, electrical machinery, instruments and meters, medicine, and chemical fibers will be included in the scope of the VAT rebate policy for advanced manufacturing enterprises, and the incremental tax credit will be refunded in full on a monthly basis. The above policies, together with the preferential tax policies that have been introduced, are expected to increase tax cuts by more than 550 billion yuan for the whole year. The meeting emphasized that while implementing the tax reduction policy, it is necessary to reduce non-tax revenue in an orderly and reasonable manner, and resolutely prevent arbitrary charges under various names from increasing the burden on enterprises. The meeting called for more fair and inclusive policies and reforms to benefit market players more and increase activity. At the same time, local governments should be guided to use the restorative growth of fiscal revenue to reasonably reduce government leverage, prevent blind new stalls, and enhance fiscal sustainability.

(Source: Xinhua News Agency)