More than 3.7 trillion yuan! "Red envelope" of taxes and fees helps market entities climb the slope
2022-11-18
Since this year, China has implemented new combined tax and fee support policies, such as large-scale VAT allowance and rebate, and continued to suspend the payment of taxes and fees for small, medium-sized and micro enterprises in the manufacturing industry, as well as a package of economic stabilization policies and follow-up measures to help stabilize the macroeconomic market. "As of November 10, the national tax system had handled a total of more than 3.7 trillion yuan of new tax reductions and fees, tax rebates and tax deferrals. Among them, the VAT rebates that have been refunded to the taxpayer's account amounted to 2309.7 billion yuan, 3.5 times the scale of tax rebates last year; 789.6 billion yuan of new tax reductions and fees; and 679.7 billion yuan of tax deferrals and fees." On November 16, Wang Daoshu, deputy director of the State Administration of Taxation, said at the regular briefing on the policies of the State Council held by the State Council Reform Office. The manufacturing industry and small and micro enterprises have benefited significantly from the introduction of new combined tax support policies at the beginning of the year, to the expansion of large-scale VAT allowance and refund to seven industries including wholesale and retail, and the phased reduction of part of the purchase tax on passenger vehicles, to the implementation of the deferred payment of part of the taxes and fees for small and medium-sized enterprises in the manufacturing industry, and the phased reduction of taxes to support enterprise innovation, which reflects the tax support policies of the Party Central Committee The State Council has the courage and determination to make hundreds of millions of market players live a good life. Wang Daoshu introduced that the positive effects of various tax and fee support policies continue to emerge: First, the burden of enterprise taxes and fees has been reduced. The tax burden per 100 yuan of operating income of 100000 key tax source enterprises nationwide monitored by the tax authorities decreased by 5.3%, including 9.6% for the equipment manufacturing industry, helping market entities to climb the slope and overcome difficulties. Second, it helped the economy to stabilize. According to the VAT invoice data, the sales revenue of enterprises nationwide in the second quarter increased by 1.1% year on year, reversing the previous decline. Since the third quarter, the sales revenue has increased by 3.4% year on year, showing a stable and good momentum. Third, it has enhanced the momentum of enterprise development. From January 1 to November 10, the investment in equipment procurement of national enterprises increased by 4.9% year on year, 1 percentage point faster than that in the first half of the year. Among them, the investment in equipment procurement of the equipment manufacturing industry increased by 9.8% year on year, further enhancing the momentum of development. Large scale VAT rebate is the "highlight" of the new combined tax support policy this year. In terms of scale, the amount of tax refunds exceeded the total of the previous three years. Cai Zili, the chief auditor of the State Administration of Taxation and the director of the Department of Revenue Planning and Accounting, revealed that, by industry, the manufacturing industry enjoyed 617.6 billion yuan of tax rebates, accounting for 26.7%, which was the industry that benefited most; From the perspective of enterprise scale, small and micro enterprises are the main beneficiaries. Since this year, among the taxpayers who have received tax rebates, the number of small and micro enterprises accounts for 93.1%, sharing 917.8 billion yuan of tax rebates. The "real gold and silver" of tax rebate has played a positive role in "blood transfusion" and "blood circulation" for enterprises. "Policies have helped the development of small and micro enterprises. According to the VAT invoice data, since the third quarter, the sales revenue of small and micro enterprises has increased by 0.8% year on year, 0.7 percentage points faster than that in the second quarter. To promote the development of new momentum, as of November 10, high-tech industries and high-tech enterprises had a tax rebate of 405.6 billion yuan, with sales revenue increasing by 7.2% year on year, 3.8 percentage points higher than that of all enterprises." Cai Zili said. Ensure direct and fast tax support policies
Edit：Yi Bin Responsible editor：Li Bin Wei
Source：guangming Daily
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