The continuation of this extension and the optimization of this optimization. In the first half of this year, the policy of adding and deducting R&D expenses for enterprises was transformed into an institutional policy for long-term implementation, and the time point for prepayment declaration enjoyment was advanced to July; Optimize and continue to implement value-added tax, corporate income tax policies, and exemption from new energy vehicle purchase tax for small and micro enterprises and individual businesses... A series of tax and fee preferential policies that continue to optimize and innovate the implementation enhance the development momentum. According to data from the Guangdong Provincial Taxation Bureau of the State Administration of Taxation, in the first half of the year, Guangdong Province added 66.8 billion yuan in new tax reductions and deferred tax refunds. Among them, two consecutive batches of optimized and innovative tax and fee preferential policies were implemented, totaling 43.3 billion yuan, and 23.4 billion yuan was retained for tax refunds, providing support for stimulating market vitality and promoting high-quality development. The picture shows tax officials from the Foshan tax department supporting the private economy by understanding the production and operation situation of enterprises. Small and medium-sized enterprises have clearly benefited as the main beneficiaries of tax and fee preferential policies, with small and medium-sized enterprises benefiting the most. They have added 45 billion yuan in new tax reductions and deferred tax refunds, accounting for 67.37%. Recently, the Ministry of Finance and the State Administration of Taxation have issued multiple announcements clarifying the continuation and optimization of multiple tax preferential policies, among which the value-added tax reduction and exemption policy for small-scale taxpayers will be extended until December 31, 2027, further reducing the burden and increasing momentum for small and medium-sized enterprises. The policy benefits released by the continuation of preferential policies have given the Shuncheng Business Department in Haizhu District, Guangzhou, which has been engaged in wholesale and retail of hardware products for 25 years, a "reassuring pill" for stable operation. This is a surprise, which means that we can all enjoy this preferential policy in the next 4 years, bringing us more sense of security. "Chen Jieyi, the financial manager of the company, opened up the policy information she just received in the tax enterprise communication group. She added that in the past few years, the company has been able to reduce taxes by tens of thousands on average every year. Although the amount is not large, it can provide more guarantees for the company to purchase raw materials and other operating capital turnover. Individual businesses also benefit from this. The Zhengyu Decoration Engineering Department of Heshan City was established in 2021, specializing in residential interior decoration. According to its financial personnel Li Jianfen, due to the increase in material and labor costs, as well as the uncertain settlement period of the project, the invoicing amount of the engineering department in a certain quarter may exceed the value-added tax threshold. Li Jianfen said, "Over the past four years, we expect to enjoy a value-added tax reduction of 240000 yuan. The financial pressure has been alleviated, and the saved funds can be used for material replenishment and labor expenses." In the first half of this year, the value-added tax exemption policy for small-scale taxpayers with monthly sales of less than 100000 yuan increased by 11.3 billion yuan, and the tax reduction rate for small-scale taxpayers decreased from 3% to 1%. The policy added a tax reduction of 5.7 billion yuan, The income tax reduction policy for small and micro profit enterprises added 7.2 billion yuan in tax reduction, and the phased reduction of unemployment insurance premiums policy continued to be implemented, adding 7.2 billion yuan in fee reduction. Supporting the "manufacturing industry as the leader" and "reducing taxes, reducing fees, and deferring taxes" to help enterprises innovate by industry, the manufacturing industry and related wholesale and retail industries have accumulated 26.8 billion yuan in new tax reductions and deferring fees, accounting for the highest proportion, reaching 40.12%. In recent years, the successively introduced tax and fee preferential policies have effectively reduced the burden on the development of private enterprises, giving us more confidence to increase new technologies
Edit：XiaoWanNing Responsible editor：YingLing
Source：China Daily
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