The hottest tax reduction and burden reduction boo

2022-08-16
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In recent years, the CPC Central Committee and the State Council have attached great importance to the development of the manufacturing industry and issued a series of tax reduction and burden reduction measures, effectively reducing the burden on enterprises and promoting the transformation and upgrading of the manufacturing industry. This year, the "government work report" also proposed to reduce the current value-added tax rate of 16% in manufacturing and other industries to 13%, which has been widely "praised" by all sectors of society. How effective is the reduction of taxes and burdens in the manufacturing industry? What are the new expectations in the future? Recently, I interviewed caizili, director of the revenue planning and accounting department of the State Administration of Taxation, on relevant work

Q: on May 1st, 2018, the State Council launched three measures of value-added tax reform with a view to reducing taxes and burdens and promoting high-quality development of the manufacturing industry. Can you briefly introduce the implementation of the tax reduction policy in support of the manufacturing industry

answer: manufacturing industry is the main body of the national economy, the main battlefield of scientific and technological innovation, the foundation of building a country, the instrument of rejuvenating a country, and the foundation of strengthening a country. In recent years, China has vigorously implemented the policy of tax reduction and burden reduction to reduce costs and burdens for the real economy, especially the manufacturing industry. On May 1st, 2018, three measures of value-added tax reform were implemented. First, the value-added tax rate of manufacturing, transportation and other industries was adjusted to avoid the instrument being under load for a long time; Second, for qualified advanced manufacturing and other enterprises, the input retained tax will be refunded; The third is to uniformly raise the annual sales Standard of small-scale taxpayers of value-added tax, so that more industrial enterprises can enjoy the preferential treatment of lower tax collection rate. In addition, a series of tax reduction measures were also implemented, such as expanding the scope of preferential policies for one-time deduction of fixed assets and encouraging scientific and technological innovation of enterprises. The tax authorities resolutely implement the deployment of the Party Central Committee and the State Council, strictly implement various preferential tax policies, effectively stimulate market vitality, reduce the burden on enterprises, and promote the high-quality development of the manufacturing industry

in 2018, the effect of the three measures of value-added tax reform was obvious. From May to December, the value-added tax rate was reduced by 278.05 billion yuan, of which the scale of manufacturing tax reduction ranked first, with a net tax reduction of 106.39 billion yuan, accounting for 38.3% of the total tax reduction; Unified tax reduction of 8.92 billion yuan for small-scale taxpayers; 114.85 billion yuan of tax rebates were handled

reflected in the tax revenue, as the three reforms of value-added tax were implemented on May 1st, 2018, the growth rate of manufacturing tax in 2018 fell from 7.8% in the first four months to 1% in the next eight months; The tax growth rate of general equipment, special equipment, electrical equipment, computer communication equipment and other equipment manufacturing industries, which are strongly supported by the retention tax rebate, fell from 9.1% in the first four months to 3.7% in the next eight months. In addition, according to the relevant data of 38000 manufacturing enterprises with key tax sources (with an annual tax payment of more than 5 million yuan, the same below) monitored by the State Administration of Taxation, the tax burden of enterprises in 2018 decreased by 0.34 percentage points compared with 2017, showing the effect of tax reduction

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reflected in enterprise benefits, affected by tax cuts and fee reductions and other factors, the main revenue cost of 100 yuan for key tax source manufacturing enterprises in 2018 was 82.4 yuan, a decrease of 0.22 percentage points; The return on net assets was 4.92%, with a year-on-year increase of 0.12 percentage points, and the profitability was gradually enhanced

Q: Premier Li Keqiang further proposed in this year's "government work report" to promote the transformation and upgrading of traditional industries, accelerate the green development of manufacturing industry, and empower the transformation and upgrading of manufacturing industry. From the perspective of Taxation, "Talk about the development trend of traditional manufacturing industry?

answer: in 2018, with the deepening of supply side structural reform, the relationship between market supply and demand has gradually improved, and a series of preferential policies supporting the development of manufacturing industry have been implemented. The data of key tax sources monitored by the State Administration of Taxation in 2018 shows that China's traditional manufacturing industry has shown a good development trend.

first, the momentum of transformation and upgrading has increased. In 2018, R & D costs have been deducted as a whole In addition to the 75% preferential corporate income tax policy, which expanded to cover all manufacturing industries except the tobacco industry, the favorable policy drove the R & D expenditure of traditional manufacturing, a key tax source, to increase by 25.1% in 2018, 7.8 percentage points higher than the growth rate of the overall R & D expenditure of the manufacturing industry, providing sufficient momentum for enterprise transformation and upgrading

the second is to increase green investment. In 2018, the catalogue of corporate income tax incentives for special equipment for environmental protection jointly released by five ministries and commissions came into effect. 10% of the amount of environmental protection equipment purchased by enterprises can be deducted from the corporate income tax. In addition, the environmental protection tax was officially implemented on January 1, 2018, forcing enterprises to save energy and reduce emissions and promote green transformation and upgrading. In 2018, the purchase of environmental protection equipment in high polluting industries such as steel, paper and chemical fiber increased by 88%, 81.2% and 71.4% respectively, which promoted the profit per unit of comprehensive energy consumption (tons of standard coal) output of traditional manufacturing industry to increase by 3.3%, and the resource utilization efficiency continued to improve

third, the enterprise benefits have been greatly improved. With the implementation of tax reduction and fee reduction policies and the in-depth implementation of capacity reduction, the operating revenue and total profit of traditional manufacturing industries such as steel, chemical industry and petroleum increased rapidly by 13.5% and 41.9% in 2018, and the profitability was significantly improved. At the same time, the asset liability ratio decreased from 58.4% to 55.6%, the debt growth was effectively controlled, the deleveraging effect was obvious, and the asset structure of the powerful measurement and control software built-in was more optimized

Q: just now you talked about the good development of traditional manufacturing industry in 2018. How about the development of emerging manufacturing industry? Please talk about the development of emerging manufacturing industry in 2018 in combination with the data of the tax department

answer: emerging industries have become the key for a country to upgrade its industrial structure and seize the commanding height of world economic development. In 2018, the state successively issued a series of preferential tax policies to support the development of high-tech enterprises and high-tech small and medium-sized enterprises. For example, in terms of income tax, integrated circuit manufacturing enterprises or projects can enjoy the "two exemptions and three halving" and "five exemptions and five halving" concessions, and the loss carrying forward period of high-tech enterprises and high-tech small and medium-sized enterprises is extended to 10 years, which effectively promotes the use of high technology Emerging manufacturing enterprises characterized by high added value have developed rapidly

first, the emerging manufacturing industry is growing rapidly. In 2018, the operating revenue of new material industries such as synthetic materials and high-performance batteries increased by 8.4% and 9.7% respectively; The operating revenue of high-end equipment manufacturing industries such as optical instruments, intelligent consumer equipment and high-speed railway vehicle sets increased by 14.8%, 8.5% and 14.8% respectively; The development of the biomedical industry accelerated, and the operating revenue increased by 19% in 2018. Emerging industries characterized by high technology and high added value grew rapidly, which effectively promoted the structural optimization of the manufacturing industry

second, the investment in equipment in emerging manufacturing industries has increased. In 2018, the equipment investment in the emerging manufacturing industry in China increased rapidly, with a growth rate of 19.8%, higher than the growth rate of 11.3% of the overall equipment investment in the manufacturing industry

third, the integration of manufacturing and artificial intelligence has deepened, and high-end technology products such as robots have become new market growth points. In 2018, the operating revenue of service consumption robot manufacturing industry increased by 23.1%

Q: the CPC Central Committee and the State Council have decided to implement a larger scale of tax reduction in 2019. Can you look forward to the prospect of tax reduction and fee reduction in 2019 to support the development of manufacturing industry

on the whole, the focus of this larger tax reduction is to further reduce the burden on manufacturing and small and micro enterprises, focus on "releasing water to raise fish", which is a major measure to reduce the burden on enterprises and stimulate market vitality, an important reform to improve the tax system and optimize the income distribution pattern, and a major choice for macro policies to support steady growth, ensure employment, and adjust the structure

as an important combination of the implementation of macroeconomic policies and the service of microeconomic operation, the tax department plays a key role in connecting the two ends. It will effectively integrate its thoughts and actions into the decision-making and deployment of the Party Central Committee and the State Council, take the implementation of the tax reduction and fee reduction policy as a major political task, and earnestly grasp it, so as to ensure that the tax reduction and fee reduction work is pragmatic, the process is solid, and the results are true. We should not only implement the preferential tax reduction policies for small and micro enterprises that have been introduced, but also make preparations for the implementation of larger tax reduction and fee reduction policies such as the reduction of value-added tax and social security fees in advance, and pay close attention to policy documents, collection and management supporting facilities, system optimization, policy interpretation, training and guidance, so that enterprises and the people have a real sense of gain

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