In 2018, these tax reforms are related to your wallet.

Taxation affects the country’s “money bag” and also affects the “purse” of every taxpayer. Entering 2018, in order to promote high-quality economic development, tax reform will undoubtedly accelerate and more relevant arrangements will be implemented and take effect. So, which tax reforms are closely related to you?

Environmental protection tax: Starting from January 1, enterprises and institutions that pollute the environment will have to pay tax

On January 1, 2018, the "Environmental Protection Tax Law of the People's Republic of China" "With the official implementation, our country will usher in a new tax - environmental protection tax, and the collection of sewage charges will become history.

Who is the environmental tax levied on? The Environmental Protection Tax Law clarifies that enterprises, institutions and other production operators that directly discharge taxable pollutants into the environment are taxpayers of environmental protection tax.

How to collect environmental protection tax? Differential taxation will be implemented based on the concentration of pollutant emissions, that is, more emissions will lead to higher taxes.

“The arrival of environmental protection tax means that my country has taken a breakthrough step in improving the green tax system and strengthening the tax’s efforts to protect the ecological environment.” said Liu Shangxi, President of the Chinese Academy of Fiscal Sciences .

Where to pay environmental tax? All as local revenue. It is reported that at present, many places have determined the applicable tax amount for the levy of environmental protection taxes based on actual conditions, and have ensured the implementation of the levy. Relevant enterprises have also increased their investment in environmental protection. The environmental protection funds raised by this tax will be used to allow local governments to better control pollution.

VAT: Financial investors must consider tax costs starting this year

Including banks, trust companies, public fund management companies and their subsidiaries, securities companies and their subsidiaries... Yes For asset management product managers, this year they have to start thinking about value-added tax.

Starting from January 1, 2018, asset management product managers must pay value-added tax at a rate of 3% on the income from the operation of asset management products.

Li Xuhong, director of the Institute of Fiscal and Taxation Policy and Application of the Beijing National Accounting Institute, said that taxing asset management product managers will not necessarily directly affect investors’ income, but it will have a negative impact on financial income and financial market stability. Play a regulatory role. From the perspective of financial institutions, in the future, the creation and pricing of financial products must comprehensively consider tax cost factors.

Vehicle purchase tax: The car purchase tax is restored to 10%, and new energy vehicles continue to be exempt

“The countdown to the 25% off purchase tax is still ×× days”... At the end of 2017, Many car dealers use preferential vehicle purchase tax policies as a selling point to attract customers to seize this wave of tax benefits and purchase cars.

Starting from January 1, 2018, the vehicle purchase tax levied at the rate of 7.5% in 2017 will be restored to the statutory rate of 10% for the purchase of passenger cars with an engine capacity of 1.6 liters and below. .

However, from January 1, 2018 to December 31, 2020, the state continues to exempt vehicle purchase tax from purchased new energy vehicles.

“The cancellation of discounts is mainly due to environmental protection considerations.” Li Xuhong said that in 2018, the car purchase tax policy adjustment was changed from the original general benefit to a special tax benefit for new energy. Policies are more targeted and are expected to produce good environmental effects.

Tariffs: Tax rates on some imported foods, health products, medicines and other consumer goods have dropped significantly

In 2018, some consumer goods and raw materials in my country will undergo major tariff adjustments. After the adjustment, the total number of tax items is 8,549 indivual.

Since December 1, 2017, import tariffs on some consumer goods have been reduced, with the average tax rate falling from 17.3% to 7.7%. Covering food, health care products, medicines, daily chemical products, clothing, shoes and hats, household equipment, culture and entertainment, daily miscellaneous department stores and other types of consumer goods, involving a total of 187 8-digit tax code products.

In addition, starting from January 1, 2018, export tariffs on steel, chlorite and other products will be cancelled, and tariffs on ternary compound fertilizer, apatite, coal tar, wood chips, ferrosilicon, and other products will be appropriately reduced. Export tariffs on steel billets and other products...

Li Xuhong said that a series of tariff adjustment measures fully reflect China’s unswerving determination to promote international trade liberalization and reflect my country’s win-win attitude and attitude towards global cooperation. confidence.

Water resources tax: 9 new places including Beijing have been added to the pilot scope

From December 1, 2017, in Beijing, Tianjin, Shanxi, Inner Mongolia, Henan, Shandong, and Sichuan Nine provinces, autonomous regions and municipalities including Ningxia, Shaanxi and Ningxia have levied water resources tax. This is another critical step in my country's resource tax reform after Hebei Province took the lead in piloting it on July 1, 2016.

“An important principle in expanding the scope of this water resources tax reform is to shift taxes and fees in a way that does not increase the burden of normal production and living water use on enterprises and residents.” said Wang Jianfan, director of the Taxation Department of the Ministry of Finance.

Differential taxes will be implemented based on the nature of water consumption. The tax on groundwater is higher than that on surface water. Special industries will be taxed at higher rates. Water used for agricultural production within the quota will be tax-free...

"Water "Resources are related to the national economy, people's livelihood, and ecological security," said Cai Zili, director of the Property and Behavior Tax Department of the State Administration of Taxation. In 2016, the total revenue from water resources fees in the nine provinces, autonomous regions and municipalities newly included in the pilot program was 13.3 billion yuan, and the revenue from water resources taxes is of great significance. It’s not big, but it has great ecological and green significance. It uses tax regulation to promote the implementation of the strictest water resources management system.

Local tax: Accelerate the improvement of the tax legal system framework

On December 27, 2017, the 31st meeting of the Standing Committee of the 12th National People’s Congress voted to pass the Tobacco Leaf Tax Law and the Ship Tonnage Tax Law , will come into effect on July 1, 2018. From provisional regulations to laws, these two tax laws show that my country has taken firm steps in implementing the principle of legal taxation, and also means that my country's tax legal process will be fully accelerated in 2018.

“Elevating the interim tax regulations into law is a new attempt, which will provide reference for solving the problem of elevating the interim tax regulations into law in the future.” Liu Jianwen, a professor at Peking University Law School, said that the acceleration of tax statutory regulations, It is an important measure in the process of strengthening the modernization of the national governance system and governance capabilities.

Talking about how to deepen the reform of the tax system in the next step, Finance Minister Xiao Jie said at the just-concluded National Financial Work Conference that it is necessary to focus on optimizing the tax system structure, strengthen the overall design and supporting implementation, and promote the income and goods The reform of the labor tax system will accelerate the improvement of the local tax system, improve the level of tax legislation, improve the tax legal system framework, and form a tax system with unified tax laws, fair tax burdens, and well-regulated tax systems.