Reduce taxes and fees to get a sense of it
Cumulative increase of 1.7834 trillion yuan in tax reduction and fee reduction in the first three quarters
Reduce taxes and fees to get a sense of it
VAT reform increased tax reduction by 703.5 billion yuan, inclusive policy of small and micro enterprises by 182.7 billion yuan, and new social security premiums by 272.5 billion yuan. In the first three quarters of this year, China added a total of 1.7834 trillion yuan in tax cuts and fees. Under the complex and changeable economic situation at home and abroad, the policy of tax reduction and fee reduction has played a full role in countercyclical regulation, more directly and effectively benefiting the vast number of taxpayers and payers, and stabilizing the expectation of economic development. So, how much does tax reduction and fee reduction bring to enterprises? Can tax dividends stimulate growth? How to continue to implement the policy of reducing taxes and fees? The reporter interviewed many enterprises and relevant experts to explore the landing of the policy of reducing taxes and fees.
Significant reduction in the burden on the manufacturing sector
The new tax cuts in the manufacturing industry accounted for 31.36% of the total, and the tax burden fell 1.08 percentage points from the same period last year.
In the first three quarters, the export turnover reached US $350 million, an increase of 38 percent over the same period last year. In the face of the changing international market, Shandong Homai Technology Company has a foothold in its main business and persists in relying on independent innovation to realize the rise against the trend. The continuous increase of tax and fee reduction has given enterprises a sufficient driving force to achieve high-quality development. At present, another industrial park under Homai Technology Company is under construction, and the scale of the company continues to expand.
"since the implementation of the policy of reducing taxes and fees on a larger scale this year, Homai Science and Technology has enjoyed a number of preferential tax policies, totaling more than 150 million yuan, injecting new impetus into the company's scientific and technological innovation and development." Zhang Gongyun, chairman of Homai Group, lamented that the tax reduction and fee reduction is the real support of the state for enterprises, which has accelerated the operation of corporate liquidity and made Hao Mai more confident in independent innovation.
Like Hao Mai, many companies have clearly felt a sense of tangible gain from bigger tax cuts so far this year. In the first three quarters of this year, the country increased tax cuts and fees by 1.7834 trillion yuan, including 1.5109 trillion yuan in tax cuts and 272.5 billion yuan in social security premiums. With the continuous reduction of the burden of taxes and fees, enterprises can move forward more lightly, accelerate the transformation and upgrading, and further show the effect of reducing taxes and fees to promote development and stimulate vitality.
The burden is lighter, and reducing taxes and fees will reduce costs for enterprises.
Loaded with 1100 tons of lysine, the "Chimanou" international freight train slowly left the railway transportation base of Chifeng bonded Logistics Center in Inner Mongolia. As an enterprise engaged in corn starch, lysine and other production and sales, Yipin biological products are exported to Russia, Vietnam and other countries, lysine sales in the international market to maintain an annual growth rate of 30%.
"behind the take-off of enterprises is the strong competitiveness brought about by the policy of reducing taxes and fees." Gao Cai, manager of Yi Pin Biological Finance, told reporters that in recent years, affected by factors such as the price of raw materials and the rise in labor costs, the company's funds were once very tight, and a series of tax and fee reduction policies, such as the rate of VAT reduction, came to the ground. As well as efficient tax rebate processing process, greatly alleviated the financial pressure of the company, so that the company's production and operating costs continue to reduce.
Data released by the State Administration of Taxation show that in the first three quarters, the level of tax burden in various industries in China has declined to varying degrees compared with the same period last year. Of this total, the manufacturing industry increased tax cuts by 473.8 billion yuan, accounting for 31.36 percent of the total, and the industry tax burden fell 1.08 percentage points from the same period last year. Wholesale and retail trade increased tax cuts by 325.8 billion yuan, accounting for 21.56 percent of the total new tax cuts, and the industry tax burden fell 3.27 percentage points from the same period last year.
-- the momentum is even stronger, and tax and fee cuts encourage enterprises to speed up innovation.
As the forerunner of China's watch industry, Tianjin Seagull Watch Group has gone through 60 years of development, from the first domestic watch to the first export watch, seagull has always adhered to independent innovation.
"the annual R & D investment can bring in more than 5.3 million yuan to reduce taxes, so that we can buy production equipment and increase the cash flow of R & D investment. Seagulls have developed and manufactured high-end technical products such as tourbillon watches, three-question tables, perpetual calendars and 2.5mm thin automatic watches. " Wang Gang, general manager of the Group, told reporters that at present, the Seagull Group has more than 1000 kinds of products with independent intellectual property rights, a variety of products and technologies have reached the world's leading level, and the pace of "going out" has become more and more solid.
In order to encourage enterprises to increase R & D investment, in recent years, China has repeatedly optimized and adjusted R & D expenses, deductions and other policies to encourage innovation, and last year increased the proportion of R & D expenses to 75% to expand the main body of policy enjoyment to all enterprises. This means that for every 100 yuan invested in R & D activities, the amount of pre-tax deduction has been raised to 175 yuan from 150 yuan in the past, and for most enterprises, the tax reduction dividend has increased by half as much as before. In the first three quarters of this year, 45% of manufacturing taxpayers spent more on R & D spending on tax cuts and dividends. The R & D expenses of 100000 key tax source enterprises monitored by the tax authorities increased by 19.3% in the first three quarters compared with the same period last year, an increase of 3.4 percentage points over the whole of 2018.
Confidence is stronger, and tax cuts and fee cuts have made business expectations more stable.
Hegang Group is one of the high-end high-end steel manufacturing bases in China, which has been among the top 500 in the world for 11 years in a row. "after the tax reduction and fee reduction policy fell to the ground, the group has more funds to invest in environmental protection upgrading, further raising the level of green development." Liu Zhensuo, chief accountant of Hegang Group, is full of confidence in the future of the enterprise. After the VAT rate is reduced this year, the enterprise is expected to pay 1.1 billion yuan less VAT for the whole year. As a result, the additional taxes and fees for urban construction and education will increase the annual profit of enterprises by about 133 million yuan.
Under the background of increasing downward pressure on the economy, the policy of reducing taxes and fees has taken root and stabilized the expectations of economic development. According to the survey data of the tax department, 92.2% of taxpayers believe that tax cuts and fee reductions have had a positive impact on the production and operation activities of enterprises, and have boosted the confidence of the main body of the market.
"as an important measure to promote supply-side structural reform, tax and fee reduction is not only an urgent need of the real economy, but also an important driving force for high-quality development." Hu Yijian, director of the Institute of Public Policy and Governance at Shanghai University of Finance and Economics, said that since the beginning of this year, the effect of tax reduction and fee reduction in China has been continuously released, especially in deepening the reform of value-added tax, focusing on reducing tax rates in manufacturing, transportation, and other industries. This plays a significant role in promoting transformation and upgrading, stimulating market vitality and social creativity.
According to the Quarterly Analysis report on the effect of China's value-added tax reduction Policy released by the Institute of Public Policy and Governance of Shanghai University of Finance and Economics, the value-added tax reform will continue to promote China's economic growth in the next three years or so. Among them, in the macroeconomic aspect, can promote the GDP growth 0.362% accumulatively, if based on the 2018 data, is equivalent to the promotion our country GDP to increase 301.4 billion yuan. At the same time, tax reduction will also affect the income level and consumption level of residents by promoting profits and increasing employment. The value-added tax reform in 2019 will increase the consumption of Chinese residents by 1.413%.
Private economy has benefited significantly
Of the total amount of new tax cuts, the proportion of taxpayers in the private economy is 64%.
While the scale of tax reduction and fee reduction continues to expand, this year's tax reduction and fee reduction policy has directly hit the pain points and difficulties of the current market main body, and earnestly enables the main body of the market, especially small and micro enterprises, to have an obvious feeling of tax reduction and fee reduction. The fairness and universality of the policy have been greatly enhanced.
In the first three quarters, private economic taxpayers, including private enterprises and the individual economy, increased their tax cuts by 964.4 billion yuan, accounting for 64 percent of the total, according to the State Administration of Taxation. Among them, most of the beneficiaries of the inclusive tax reduction policy for small and micro enterprises are the private economy. In the first three quarters, the private economy enjoyed an additional tax reduction of 161.9 billion yuan, accounting for 88.61 percent of the total.
"A year ago, I attended a forum on private enterprises and made a speech at the meeting. Now everyone is most looking forward to the implementation of the policy of reducing taxes and fees, and has sent us a big 'gift bag'." Liu Yi, chairman of Anhui Aikelan Environmental Protection Co., Ltd., felt quite deeply. "this year, we expect the tax reduction to reach more than 22 million yuan, and all the money saved will be invested in R & D and innovation. Ai Kelan has been selected to specialize in the new 'Little Giant' enterprises, the 2019 World Manufacturing Conference Enterprise growth Star list, in the environmental protection industry out of a road of rapid development. "
Not only the taxes and fees that should be reduced are effectively reduced, but the taxes and fees that can be postponed are also allowed to be deferred. In Zhejiang, the tax authorities shall postpone the payment of taxes in accordance with the law for private enterprises that do have special difficulties and are unable to pay taxes on time, so as to actively help enterprises alleviate the pressure on funds, solve the urgent needs for enterprises, and help enterprises achieve better development.
"our private enterprises have received unprecedented tax policy support, which is really a gift to the snow." Wang Yongjun, person in charge of Zhejiang Changshan Public Card Transport capacity supply chain Management Co., Ltd., said that the enterprise recently applied to the Taxation Bureau for a total of 35.6 million yuan in deferred tax payment. The Taxation Bureau completed the examination and approval within 2 working days, and the enterprise capital chain was relaxed all at once. It's been a good year.
In the process of implementing the tax reduction and fee reduction policy in recent years, small and micro enterprises have been carefully protected. Since the beginning of this year, the inclusive tax reduction policy for small and micro enterprises has continued to advance, adding a "fire" to innovation and entrepreneurship. Data show that in the first three quarters, 7.767 million new market entities (including individual industrial and commercial households) handled tax-related matters, with an average of 863000 new households per month. The policy of reducing taxes and fees has strengthened the willingness to start a business, increased the activity of the main body of the market, and created more jobs.
Liu Yan, a post-80s entrepreneur, grew up eating her mother's dumplings and wanted to pass on the "taste of her mother" to more people. In 2016, she returned to her hometown of Beitun, Xinjiang, and founded Beitun Nanhu Bay Food Co., Ltd., which specializes in dumplings, wontons and other food processing.
"the tax and fee reduction policies introduced in the past two years are really very powerful for enterprises like ours in the early days of starting a business!" Liu Yan calculated a "tax reduction account" for reporters. After a series of preferential tax policies, such as raising the threshold for small-scale VAT taxpayers and reducing "six taxes and two fees" this year, he gave the company more than 50,000 yuan in tax relief in the first half of the year alone. The inclusive tax relief policy for small and micro enterprises is expected to give companies nearly 100000 yuan in tax cuts each year. "the profits of small and micro enterprises are small, and every sum of money saved means an increase in the profits of hundreds of businesses." Mr Liu is confident about the prospects for starting a business.
Fan Yong, a professor at the Central University of Finance and Economics, said: private enterprises are important promoters for China's economic development of high quality. They have implemented a series of policies and measures, such as reducing taxes and fees on a larger scale, and actively released policy dividends. It has enhanced the vitality and driving force of economic development.
Tax cuts "red envelopes" are easy to get.
The tax business environment has been continuously optimized, and the satisfaction of more than 90% of enterprise taxpayers has increased significantly.
The sense of getting tax cuts comes not only from real gold and silver, but also from the changing tax environment, making it easier and easier for companies to get "red envelopes" for tax cuts and fees.
"in the past, as soon as we calculated the tax cuts for enterprises, we were always worried about which data was not correct. Now, we can query the tax reduction and exemption data for that month by entering the month to which the Electronic Taxation Bureau belongs. Our financial staff are much more relaxed." Ma Dian, the financial director of the Zhenxiong County Branch of Yunnan Green High performance concrete Co., Ltd., praised the "artifact" of the tax reduction calculation of the local tax authorities. While speaking, the tax cuts have jumped out of the computer screen. The data show that the enterprise has enjoyed a tax reduction of 1.0689 million yuan as a result of the new tax reduction policy in 2019, such as VAT, urban maintenance and construction tax, and additional education fees.
Run more on the Internet and less on the road. In the process of implementing the policy of reducing taxes and fees, local tax departments make full use of the electronic tax bureau platform to facilitate taxpayers to enjoy dividends without leaving their homes. Ma Dian uses the newly added "tax reduction and fee reduction dividend Billing" module in the application of the Yunnan Provincial Taxation Department in the application of the Electronic Taxation Bureau. The tax reduction data are updated and pushed monthly at the end of each levy period. Ensure that tax cuts and tax cuts are "fresh and direct" in the hands of taxpayers. Since the module was officially launched on August 29, it has sent three dividend bills to more than 840000 enterprises in the province, involving 2.18 million data.
Nowadays, tax reduction "red envelopes" online collar is nothing new, more and more places are constantly innovating online services, so that enterprises can quickly and easily enjoy tax benefits. On November 4, the General Office of the State Council issued a circular affirming the 32 typical experiences and practices found by the sixth major supervision and inspection of the State Council. Among them, the taxpayers who implemented the "I tax service platform" in Inner Mongolia Autonomous region were informed and praised. With the help of mobile Internet terminals such as mobile phones, the platform optimizes and integrates the existing channels of collection and payment on the basis of tax collection on the Internet, and opens up the "last kilometer" between various tax businesses, including tax reduction and fee reduction, with taxpayers and payers. For taxpayers, payers to provide publicity and training, tax-related business advice, tax-related matters reminder, push dividend bills and other personalized services. By the end of this year, more than 80% of effective taxpayers and payers in Inner Mongolia will use the "I tax service platform."
Export tax rebate day to declare the same day to the account, small and micro enterprises enjoy inclusive tax reduction without examination and approval. A series of practical measures for the reform of management and clothing have further robbed enterprises of time and reduced costs, and have been generally praised by taxpayers. The results of the 2019 taxpayer satisfaction survey commissioned by the State Administration of Taxation show that more than 90% of enterprise taxpayers' satisfaction has increased significantly. 12366 tax service hotline, tax service office service, run at most once, apply for VAT invoice, tax return and other indicators score improved in an all-round way.
Recently, the World Bank released the Global Business Environment report 2020. The global ranking of China's business environment rose from 46th last year to 31st. Among them, the ranking of tax indicators rose from the previous two years, and this year it rose another nine places. To achieve "three consecutive liters." The World Bank believes that on the one hand, the main reason for the increase in the ranking of tax indicators is that China has introduced more large-scale policies and measures to reduce taxes and fees. On the other hand, China's tax authorities have achieved remarkable results in implementing tax reduction and fee reduction and continuously promoting tax facilitation reform.
"A good business environment is productivity. Optimizing the business environment is a systematic project, and tax management services are an important part of it. " Yang Zhiyong, vice president of the Institute of Financial and Strategic Studies of the Chinese Academy of Social Sciences, said that the regulations on optimizing the Business Environment recently promulgated specifically provide for the implementation of tax reduction and fee reduction, the improvement of tax services, and so on. This will play an extremely important role in promoting the further implementation of various tax and fee reduction policies, promoting the continuous improvement of tax collection and management services by the tax authorities, improving the tax business environment, and helping the growth of market entities.
"to implement a proactive fiscal policy, reducing taxes and fees is one of the important measures, and we should continue to implement the policy of reducing taxes and fees." Li Xuhong, director of the Institute of Fiscal and tax Policy and Application of the National Institute of Accounting in Beijing, believes that the next step is to deepen reform and promote better landing of tax and fee reduction, and release more space for tax reduction and fee reduction by straightening out the relationship between financial power and administrative power. To create a good environment for stimulating the vitality of enterprises. (reporter Wu Qiuyu)