The circular pointed out that in 20021year, the work of reducing the cost of enterprises in the real economy achieved remarkable results, which strongly supported the development of market players and promoted the sustained and stable recovery of the economy. In 2022, the inter-ministerial joint conference on reducing the cost of enterprises in the real economy will focus on organizing and implementing 26 tasks in 8 aspects.
Li, director of the Institute of Finance and Taxation Policy and Application of Beijing National Accounting Institute, said in an interview with the National Business Daily reporter WeChat that at present, China's economic development is facing triple pressure. For small and micro enterprises, due to the impact of the epidemic and the downward pressure on the economy, production and operation may stop and operating income may decline. At the same time, they need to bear the costs of rent, utilities and workers' wages. Cash flow is the main difficulty they face.
"To reduce costs, we must make precise policies, focus on reducing the explicit and implicit costs in the production and operation of enterprises, ease the financial pressure, stimulate market vitality, and at the same time release positive policy signals, stabilize market confidence and restore good market expectations." Li said to him.
Enterprise employees inquire about tax credit and other information through self-service terminals. Image source: Xinhua News Agency reporter Song Weiwei
Small-scale taxpayers are exempted from VAT by stages.
The Notice proposes to implement a new comprehensive tax and fee support policy. We will continue to implement the policy of tax reduction and fee reduction to support manufacturing, small and micro enterprises and individual industrial and commercial households, increase the intensity of tax reduction and exemption, and expand the scope of application. Small-scale taxpayers are exempted from value-added tax in stages. The annual taxable income of small and micro enterprises is 6,543,800+0,000 yuan to 3 million yuan, and then corporate income tax is levied by half. Implement tax and fee policies and measures to promote industrial growth and the recovery and development of industries with difficulties in service industry.
Give priority to supporting small and micro enterprises, and refund the stock tax allowance of small and micro enterprises in one lump sum and the incremental tax allowance in full before the end of June. Focus on supporting the manufacturing industry, and comprehensively solve the tax rebate problems in manufacturing, scientific research and technical services, ecological and environmental protection, electricity and gas, transportation and other industries.
The Notice pointed out that the implementation of the policy of adding and deducting R&D expenses should be strengthened, and the proportion of adding and deducting R&D expenses for small and medium-sized science and technology enterprises should be increased from 75% to 100%. Tax incentives should be implemented for enterprises to invest in basic research, and policies such as accelerated depreciation of equipment and appliances and income tax incentives for high-tech enterprises should be improved.
In addition, further clean up and standardize the fees charged by enterprises. The "Notice" requires that the unreasonable price increase in the transfer of power supply be cleared up and local governments be supported to implement phased preferential policies for electricity consumption in industries with special difficulties. Further clean up and standardize the fees charged by trade associations, chambers of commerce and intermediaries. We will carry out a special rectification campaign against illegal fees charged by enterprises, establish a collaborative governance and joint disciplinary mechanism, and resolutely investigate and deal with arbitrary charges, fines and apportionment.
The reporter noted that this year's government work report stated that it is estimated that the annual tax rebate will be about 2.5 trillion yuan, of which the tax rebate will be about10.5 trillion yuan.
According to the latest data released by State Taxation Administration of The People's Republic of China, China, from April 1 to April 30 this year, 8010.50 billion yuan of value-added tax refund has been returned to1452 million taxpayers' accounts, and the tax refund policy introduced in the first quarter is123.3 billion yuan,1.
Li told the reporter of the National Business Daily that this year's comprehensive tax and fee support policy not only includes the reduction and exemption of various taxes, but also adopts various policy tools such as tax refund, tax reduction, tax exemption and tax deferral, and arranges the time for enterprises of different sizes to enjoy preferential policies in an orderly manner, forming a synergistic effect, promoting the timeliness of policies and playing an active role in macro-control.
Continuously reduce institutional transaction costs.
In addition to the tax and fee combination support policy, the Notice also reduces the cost of enterprises in the real economy from many aspects, such as strengthening the effective financial support for the real economy and continuously reducing institutional transaction costs.
In terms of strengthening financial support, the circular pointed out that expanding the scale of new loans, the growth rate of money supply and social financing scale basically matches the growth rate of nominal economy, and the macro leverage ratio is basically stable. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Continue to release the reform potential of the loan market quotation rate (LPR), promote financial institutions to fully transmit the downward effect of LPR on loan interest rates, and promote the steady decline of comprehensive financing costs of enterprises.
Maintain inclusive refinancing and rediscount policy stability, and continue to provide inclusive and sustained financial support to agriculture-related, small and micro enterprises and private enterprises. Make good use of tools to support small and micro loans, increase small loans to support agriculture, optimize supervision and assessment, promote the obvious growth of small and micro loans, and continue to increase the proportion of credit loans and first-time borrowers. Guide financial institutions to accurately grasp the credit policy, continue to provide financing support to enterprises in industries seriously affected by the epidemic, and avoid restricting loans, withdrawing loans and stopping loans in industries. Actively promote carbon emission reduction support tools and support special refinancing for clean and efficient use of coal. Guide financial institutions to increase medium and long-term loans to manufacturing industries.
In terms of continuously reducing institutional transaction costs, the notice requires that the reform of "simplifying administration and decentralization, strengthening supervision and improving services" should be continuously promoted around creating a market-oriented and rule-based international business environment, and the regulatory responsibilities and measures for cancellation and decentralization of examination and approval items should be implemented simultaneously, and a system for collecting and reporting cases that damage the business environment should be established. Fully implement the list management of administrative licensing items. Continue to expand market access, carry out pilot evaluation of market access effectiveness, and comprehensively establish a collection and notification system for cases that violate the negative list of market access.
We will further promote the implementation of the fair competition policy, fully implement the fair competition review system, and prevent the introduction of policies and measures containing local protection, market segmentation, and designated transactions. Strengthen anti-monopoly and anti-unfair competition, investigate and deal with monopoly agreements, abuse of market dominance and unfair competition according to law, and maintain a fair and orderly market environment. Strengthen the protection and application of intellectual property rights.
At the same time, the notice also made it clear that in 2022, small and micro enterprises and individual industrial and commercial households in the county-level administrative areas where the epidemic was listed as high-incidence areas rented state-owned houses, and the rent was reduced by six months in 2022 and three months in other areas. All localities can co-ordinate all kinds of funds and give appropriate help to small and micro enterprises and individual industrial and commercial households in the service industry that rent non-state-owned houses. Encourage non-state-owned housing rental entities to share the losses caused by the epidemic reasonably on the basis of equal consultation.
How do a series of measures introduced in the Notice accurately benefit enterprises? Li believes that on the one hand, we can rely on modern information technologies such as big data to build accurate "portraits" of different types of enterprises, expand policy coverage, and improve the accuracy and effectiveness of policy implementation. On the other hand, it is necessary to lower the threshold of policy application and application, increase publicity, encourage enterprises to make independent judgments and declarations, and at the same time, relevant departments should strengthen post-tracking and supervision, regularly evaluate the effect of policy implementation, ensure enterprises to accurately enjoy policy support, and promote sustained and stable economic recovery.