During the two sessions of the National People's Congress this year, many representatives also actively called for more "tax packages" for tax reduction and fee reduction to be sent to everyone. Then, in 2019, how much space does the tax reduction and fee reduction have? How to effectively push the tax reduction and fee reduction work deeper?
Tax reduction and reduction, bringing real money and silver
Engaged in the beef noodle industry for 40 years, for the representative of the Lanzhou Beef Ramen Industry Association, Ma Limin, a bowl of beef ramen, full of feelings. In his eyes, beef noodles is not only a city card, but also inseparable from the daily lives of ordinary people. Today, the beef noodle industry is gradually growing.
“At present, there are more than 4,000 enterprises operating in Lanzhou beef noodles in Gansu Province, with an annual turnover of about 12 billion yuan.” Representative Ma Limin said that the industry can develop so fast and so well, and it is inseparable from the national tax reduction and fee reduction policy. Strong support, especially the policy of inclusive tax cuts and reductions for small and micro enterprises introduced this year, has played a positive role in promoting the development of beef noodle industry.
Chairman of the Zhengtai Group, Nan Cunhui, also has a deep understanding of the tax reduction and fee reduction policy. “Currently, our smart manufacturing projects are undergoing technological upgrading. This has been supported by the national tax policy, which has effectively promoted technological innovation and industrial transformation and upgrading, and promoted the innovation and development of enterprises, allowing us to get real gold and silver. "Mr. Nan Cunhui said.
The tax reduction and fee reduction stimulates the enthusiasm of the company's innovation and gives the people a sense of gain. The data show that from October 1st to the end of December 2018, the first step of personal income tax reform will be implemented for three months, with a total tax reduction of about 100 billion yuan. The wage income of more than 70 million taxpayers will not be subject to tax. At the same time, in 2018, China has implemented a number of tax reduction and fee reduction policies including reducing the level of VAT rate and expanding the tax incentives for small and micro enterprises. The scale of tax reduction and reduction for the whole year is about 1.3 trillion yuan.
Yang Decai, director of the Department of Economics at Nanjing University, said that in recent years, China’s tax cuts and reductions have been very strong, especially in reducing the tax rate of general taxpayers and increasing the annual turnover of small-scale taxpayers. The measures have greatly reduced the burden on the market players and stimulated the vitality of the market.
Policy promotion, boosting economic development
At present, China's tax reduction and fee reduction work is progressing steadily.
Since January 1, 2019, China has imposed a provisional tax rate on imports of 706 commodities and no longer imposed export tariffs on 94 energy resources industry commodities. Among them, the 2019 provisional tax rate for pharmaceutical raw materials, including various anticancer drug raw materials and rare disease drug raw materials, is zero.
Not long ago, the State Administration of Taxation launched the 2019 “Private Taxation Spring Breeze Action” and pushed 22 specific measures for tax reduction and fee reduction. By the end of the year, more than 70% of tax-related matters will be settled once, and taxpayers can go online. At most, you only need to go to the tax authorities once, and more tax cuts will give taxpayers more sense of gain.
"It is recommended that we continue to intensify efforts in the future to implement a larger tax cut and reduce fees, support the field of innovation, and better promote the high-quality development of China's economy," said Nan Cunhui. Yang Decai also believes that the implementation of a larger scale of tax reduction and fee reduction will help reduce the institutional transaction costs of enterprises, increase the profit rate of enterprises, and further consolidate the foundation of China's economic growth.
"There is still a lot of room for tax reduction and fee reduction this year. It is very worth looking forward to." Yang Decai said that he hopes to continue to increase tax reductions and reductions on the basis of the original year, such as continuing to promote the reform of the value-added tax system and further reducing corporate income tax. Tax rate, etc. At the same time, we should also find ways to reduce and reduce the types and proportions of government funds and administrative fees. This will not only reduce the burden on market participants, but also increase the income of ordinary people, thus helping to form a strong domestic consumer market and promote China's economy. High quality development.
Encourage innovation, create more space
In the view of the deputies, in 2019, not only will a larger scale of tax cuts and reductions be implemented, but also relevant policies and measures will be implemented faster and better, and more innovative and entrepreneurial kinetic energy will be stimulated.
The representative of Zhu Mingyue, Chairman of Chongqing Pig Bajie Network Co., Ltd. believes that small and micro enterprises and individual industrial and commercial households are the largest market entities in China. They should implement the tax reduction and fee reduction policies, fully release the policy dividends, and alleviate small and micro enterprises and individual industrial and commercial households. The tax burden of the group will encourage the development of relevant market players, thereby enhancing economic vitality and absorbing more employment.
Mr. Yang Decai suggested that in terms of fee reduction, pilot projects in some economically developed provinces and cities could be piloted to gradually narrow the scope of government funds and administrative fees. At the same time, we must work hard to create a good market environment, encourage innovation and entrepreneurship, cultivate more market players, conserve tax sources, and create more space for tax reduction and fee reduction.
Commissioner Nan Cunhui said that recently, the state has introduced a series of tax incentives to promote corporate restructuring, which effectively reduced the taxation cost of corporate restructuring. It is suggested that the state should also formulate tax incentives for strategic reorganization of strategic emerging industries and technologically advanced fields. The policy harmonizes the expressions of various tax types on corporate restructuring behavior, clarifies the conditions for enjoying tax incentives, and further reduces the taxation cost of corporate restructuring.