After the full implementation of the business tax-to-VAT reform on May 1 last year, the scale of tax reduction was nearly 700 billion yuan within one year. Since the beginning of this year, the Prime Minister has deployed tax and fee reductions at the State Council executive meetings five times within three months. The measures currently introduced can reduce the burden on enterprises by 1,001 billion yuan throughout the year. What are these favorable policies? How much money have they saved you? Let’s take a look with Mande Enterprise Services!
What fees have been reduced? Affecting your and my life
Cancel and adjust some government funds
In March, the Ministry of Finance issued a notice to cancel and adjust some government funds starting from April 1. The first is to cancel the urban public utility surcharge and the special fund for new wall materials. The second is to adjust the employment security fund collection policy for persons with disabilities. While expanding the scope of exemptions, it also sets an upper limit for the collection standard of employment security funds for persons with disabilities.
According to estimates by finance and taxation experts, after the cancellation of these two funds, the intensity of fee reduction and burden reduction should exceed 40 billion yuan.
Cleaning up and standardizing administrative fees
The two departments issued a notice stipulating that from April 1, 2017, 41 administrative fees established by the central government will be canceled or suspended, including The trademark registration fees will be reduced by 50% for property price appraisal fees in non-criminal cases, border inspection and guardianship fees outside ports, etc.
Phaseically reduced unemployment insurance premium rates
The two departments issued a notice, starting from January 1, 2017, to decide on the provinces (autonomous regions and municipalities) with a total unemployment insurance premium rate of 1.5%. ), the total rate can be reduced to 1%, and the rate reduction period will be implemented until April 30, 2018.
There are 22 provinces in the country that meet the basic conditions for reducing unemployment insurance premiums. If all premiums are reduced, it is expected to reduce costs for enterprises by another 23.4 billion yuan.
Comprehensive cancellation of domestic long-distance and roaming charges for mobile phones
At the end of July, China Telecom, China Mobile, and China Unicom, the three major operators, stated that they will fully implement the cancellation of mobile phone charges starting from September 1 this year. Domestic long distance and roaming charges.
Reduce dedicated line charges for small and medium-sized enterprises
Premier Li Keqiang requested at the State Council executive meeting on February 22 to “further increase network speed and reduce charges.” The three major operators responded positively and from May, private line tariffs for small and medium-sized enterprises were reduced by 15%-20%.
The profit reduction from the reduction of Internet dedicated line tariffs alone is expected to exceed 10 billion yuan this year.
Urban utility surcharges have been cancelled
State Grid announced that the urban utility surcharges that have been levied for more than 50 years have been canceled recently. This move can reduce the average price of electricity per kilowatt hour in my country. About 1 minute.
Based on the national electricity sales, it can save about 35 billion yuan in electricity costs for the whole society.
Cleaning up and regulating the enterprise-related charges of national industry associations and chambers of commerce that have been decoupled
The Ministry of Civil Affairs has issued a notice to clean up and regulate the charges of national industry associations and chambers of commerce that have been decoupled before April 30, 2017. Enterprise charges include membership fees, business service charges, administrative charges, etc. collected by industry associations and chambers of commerce with enterprises as the payment entities.
Lower the lower limit of the floating coefficient of commercial auto insurance rates
The China Insurance Regulatory Commission once again expanded the independent pricing power of insurance companies and lowered the lower limit of the floating coefficient of commercial auto insurance rates to reduce the level of auto insurance rates and reduce the premium burden on consumers.
After this reduction, the auto insurance cost can be as low as 32% off, and even as low as 34% off in some areas.
Reduce administrative fee standards
The two departments issued a notice stipulating that starting from July 1, 2017, telecommunications network code number resource occupation fees, citizen entry and exit document fees, etc. will be reduced. Some administrative fee standards.
It is estimated that *** can reduce the burden on enterprises and society by 2.6 billion yuan.
Temporarily exempt from the collection of banking and insurance regulatory fees
In June, the Ministry of Finance and the National Development and Reform Commission issued a notice that from July 1, 2017 to December 31, 2020, the regulatory fees will be waived. levy banking industry supervision fees (including agency supervision fees and business supervision fees) and insurance industry supervision fees (including agency supervision fees and business supervision fees).
It can reduce the burden on enterprises by about 8.4 billion yuan each year.
Reduce the collection standards of the National Major Water Conservancy Project Construction Fund and the Late-stage Support Fund for Resettlement of Large and Medium-sized Reservoirs
The Ministry of Finance issued a notice to reduce the collection standards of the National Major Water Conservancy Project Construction Fund and the Late-stage Support Fund for Resettlement of Large and Medium-sized Reservoirs. Fund collection standards are uniformly reduced by 25%.
It can reduce the burden on enterprises by about 16 billion yuan every year.
Cancellation of special funds for structural adjustment of industrial enterprises
The Ministry of Finance issued a notice to cancel special funds for structural adjustment of industrial enterprises starting from July 1, 2017.
It can reduce the burden on enterprises by about 39 billion yuan every year.
The reserved proportion of quality deposits for construction projects has been reduced
The two departments have revised the "Management Measures for Quality Deposits for Construction Projects". Starting from July 1, 2017, the proportion of construction project quality deposit reservation will be reduced from 5% to 3%.
It is expected to reduce the burden on enterprises by about 210 billion.
What taxes have been reduced? Affecting your and my life
Simplifying the value-added tax rate
The Ministry of Finance and the State Administration of Taxation issued a notice stipulating that starting from July 1, 2017, the value-added tax rate structure will be simplified and the 13 % value-added tax rate. When taxpayers sell or import agricultural products (including grain), tap water, heating, petroleum liquefied gas and other goods, the tax rate is 11%.
Expand the scope of small and low-profit enterprises that enjoy corporate income tax preferential treatment
In June, the two departments issued a notice that from January 1, 2017 to December 31, 2019, small and low-profit enterprises will The upper limit of annual taxable income of enterprises is increased from 300,000 yuan to 500,000 yuan. For small and low-profit enterprises with annual taxable income of less than 500,000 yuan (including 500,000 yuan), their income is included in the tax payable at a reduced rate of 50%. Income is subject to corporate income tax at a rate of 20%.
Increase the pre-tax super deduction ratio for R&D expenses of small and medium-sized scientific and technological enterprises
In May, the three departments issued a notice that the actual R&D expenses incurred by scientific and technological small and medium-sized enterprises in carrying out R&D activities shall not be If intangible assets are included in current profits and losses, on the basis of actual deductions in accordance with regulations, during the period from January 1, 2017 to December 31, 2019, an additional pre-tax deduction of 75% of the actual amount will be made; If intangible assets are formed, they will be amortized before tax at 175% of the cost of the intangible assets during the above period.
Carry out pilot projects on tax policies for venture capital companies and individual angel investors
The two departments issued notices that corporate venture capital companies adopt equity investment methods to directly invest in technology-based companies in the seed and start-up stages. If the enterprise is more than 2 years old, 70% of the investment amount can be deducted from the taxable income of the corporate venture capital enterprise in the year in which the equity is held for 2 years; if the amount is insufficient for deduction in the current year, it can be carried forward for deduction in subsequent tax years. buckle.
Pre-tax deduction for personal income tax on commercial health insurance
The three departments jointly issued a notice clarifying that starting from July 1 this year, the pilot policy for personal income tax on commercial health insurance will be extended to the entire country. . According to the policy, personal expenditures for purchasing commercial health insurance products that meet the regulations are allowed to be deducted before tax when calculating taxable income in the current year (month), with a deduction limit of 2,400 yuan/year (200 yuan/month).
Extension of some preferential tax policies that expired at the end of 2016 to the end of 2019
The State Council executive meeting decided to extend some of the preferential tax policies that expired at the end of 2016 until the end of 2019, including: Urban land use tax will be halved for the land used for bulk commodity storage facilities owned by logistics companies; interest income from small loans to farmers in financial institutions will be exempted from value-added tax, and the scope of this preferential policy will be extended to all small businesses operating legally and compliantly. loan company; for the entrepreneurship and employment of key groups such as college graduates, people with employment difficulties, and retired soldiers, value-added tax, urban maintenance and construction tax, education surcharges, and personal (corporate) income tax will be deducted in accordance with regulations.
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