Starting from January 1st of this year, a number of tax and fee support policies related to personal income tax, new energy vehicle consumption, and technological self-reliance and self-improvement have been implemented, including continuing to implement policies related to the settlement and payment of comprehensive personal income tax, supporting the purchase of housing by residents, and optimizing the reduction and exemption policies for new energy vehicle purchase tax. Recently, the State Administration of Taxation released a relevant policy catalog and key points for this purpose. In the tax and fee support policies implemented from January 1st to reduce the tax burden on residents, multiple policies focus on promoting income growth and expanding consumption, which is conducive to reducing the tax burden on residents and enhancing their consumption capacity. In order to further reduce the burden on taxpayers, for the comprehensive income obtained by individual residents from January 1, 2024 to December 31, 2027, if the annual comprehensive income does not exceed 120000 yuan and requires settlement and payment of supplementary tax, or if the annual settlement and payment of supplementary tax does not exceed 400 yuan, individual residents are exempt from processing the settlement and payment of personal income tax for comprehensive income. To continue supporting residents in improving their housing conditions, from January 1, 2024 to December 31, 2025, taxpayers who sell their own housing and purchase new housing in the market within one year after the sale of their current housing will be eligible for a tax refund on the personal income tax already paid on the sale of their current housing. In supporting the development of the new energy vehicle industry and promoting automobile consumption, new energy vehicles purchased between January 1, 2024 and December 31, 2025 are exempt from vehicle purchase tax. The tax exemption for each new energy passenger vehicle does not exceed 30000 yuan; The vehicle purchase tax will be halved for new energy vehicles purchased between January 1, 2026 and December 31, 2027. The tax reduction for each new energy passenger vehicle shall not exceed 15000 yuan. Based on the progress of new energy vehicle technology, China has adjusted the technical requirements for new energy vehicle products to reduce or exempt vehicle purchase tax. Starting from January 1, 2024, models that have been included in the Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax and are still valid before December 31, 2023 will be automatically transferred to the Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax. Over the past year, the tax and fee policies have strengthened their benefits to enterprises, providing strong support for their high-quality development and helping to boost China's economic recovery. According to data from the State Administration of Taxation, from January to November 2023, the country added 1812.509 billion yuan in tax reductions and deferred tax refunds. How to see the effect of tax and fee "red envelopes" exceeding 1.8 trillion yuan? Private enterprises, manufacturing enterprises, small and micro enterprises and other business entities have benefited significantly. Looking at the type of economy, private economy taxpayers added 1337.1 billion yuan in tax reduction and fee deferral, accounting for 73.8%; Looking at the industry, the proportion of manufacturing and related wholesale and retail industries is the highest, with an increase of 759.72 billion yuan in new tax reductions and deferred tax refunds, accounting for 41.9%; Looking at the scale of enterprises, small and medium-sized enterprises added 112.0337 billion yuan in tax reduction and fee deferral, accounting for 61.8%. The tax and fee support policy, which will be implemented from January 1st, will focus on promoting high-level technological self-reliance and supporting ecological civilization construction, and enhance the benefits for enterprises: guiding
Edit：He Chuanning Responsible editor：Su Suiyue
Source：People's Daily
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