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Original title: Reduce load, increase vitality, benefit the company and people Source: People’s Daily
In the first three quarters, the country’s new tax and tariff cuts exceeded two trillion yuan.
Reduce loads, increase vitality, benefit companies and people
The latest data released by the State Tax Administration on the 1st showed that in the first three quarters of this year, new tax and fee cuts nationwide totaled more than 2 trillion yuan, reaching 20.924 billion yuan. Among them, the preferential tax and fee policies introduced this year to support epidemic prevention and control and economic and social development added 1.355.9 billion yuan in tax and fee reductions. Policies introduced in the middle of last year added 726.5 billion yuan in tax and fee cuts this year.
The industrial economy is steadily recovering and the high-tech industry is booming
Cai Zili, Director of the Revenue Planning and Accounting Department of the State Tax Administration, said: “Tax data shows that in the first three quarters of this year, the sales revenue of industrial companies nationwide fell by 0 , 9% year-on-year, and have basically returned to the same period last year. Among them, the third quarter increased 9.2% year-on-year. The growth rate in the second quarter increased by 2.7 percentage points In terms of industrial sectors, the recovery trend of the manufacturing industry was the best, with manufacturing sales revenue increasing 10.5% year-on-year in the third trimester.
Most manufacturing companies are companies with many assets. The tax department has applied the value-added tax refund policy to ease the capital pressure of companies in a timely manner and at the same time coordinated with a series of policies such as the rate of reduction of the value tax added to help manufacturing companies speed up the upgrade.
“The tax department handled a 284 million yuan tax refund for the company in a timely manner. With the support of policies, we have more confidence in research and development and rapid transformation,” said Yao Weidong, chief financial officer. for First Tractor Co., Ltd.
According to data from the State Tax Administration, in the first three quarters, sales revenue from the manufacture of high-end equipment throughout the country increased rapidly. The manufacture of automobiles, special equipment, general equipment, instrumentation and electrical machinery increased by 27.1%, 25.3%, 23.8%, 18% and 18% respectively. 17.5%. The high-tech industry is developing vigorously. Domestic high-tech industry sales revenue increased 12.6% year-on-year, 10.8 percentage points higher than the growth rate of all corporate sales revenue. Among them, the third quarter increased by 22.1% year-on-year, representing an increase of 0.4 percentage points over the second quarter, reflecting the new kinetic energy industry. Strong growth momentum.
Deng Danxi, an accountant at GIF Automotive Transmission Systems Co., Ltd., calculated an account: “The most lacking part of enterprise technology research and development is cash flow. In the first three quarters of this year, only we received a tax deduction of 33.39 million yuan. ” There are also more than 39 million yuan in value-added tax refunds, and the company’s “pockets” immediately swell. ” Benefiting from the tax and fee reduction policy, Gif Motor’s 6 R&D technologies were transformed into proprietary results and put into production successfully.
The private economy is recovering rapidly and the recovery in household consumption is improving
A series of tax and fee reduction policies have been implemented and the vitality of private companies has continued to increase. Tax data shows that in the first three quarters of this year, the domestic private economy’s sales revenue increased 3.7% year-on-year, 1.9 percentage points higher than the growth rate of all corporate sales revenue. Among them, the third quarter increased 14.8% year-on-year, 3.2 percentage points higher than the growth rate of the second quarter. The private economy recovered faster.
In the first quarter, new orders were nearly 3 billion yuan, and the second quarter increased by more than 40% year-on-year. In the third quarter, shipping volume reached a new record.Smart energyBehind the increase in the performance of public limited companies, it is inseparable from the support of preferential tax policies. The company’s chief financial officer, Liu Kai, explained that since the beginning of this year, corporate income tax has been reduced by 13.7 million yuan and social security premiums have been reduced by 18.79 million. yuan. The policy of reducing taxes and fees has helped companies “get blood back” in a timely manner.
The recovery in household consumption is improving. According to data from the State Tax Administration, in the first three quarters of this year, national wholesale and retail sales revenue increased 1% year-on-year, and the accumulated growth rate during the year achieved positive growth for the first time. Among them, the third quarter increased 11.3% year-on-year, an increase of 1.7 percentage points compared to the second quarter. The retail industry recovered quickly, growing 16% year-on-year in the third quarter, reflecting the steady improvement in residents’ physical consumption.
The recovery in household consumption is also reflected in the catering market. Tax data shows that the catering industry sales revenue in the third quarter increased 10.3% year-on-year. “In February and March, there was no operating income. At the most difficult time, the tax department sent small-scale taxpayers a ‘big red envelope’ for the reduction of the value added tax and the gradual reduction of premiums The hotel enjoyed several tax cuts and exemptions of 124,500 yuan in the first three quarters. Li Shengli, manager of the Baitaqiao Hotel in Linhai City, Zhejiang Province, said the hotel returned to the normal level of millions sales in the second quarter and achieved positive growth in the third quarter.
In the first three quarters, the number of new taxpayers processing tax identification, receipt of invoices, tax returns and other tax matters increased 7.5% compared to the same period of the previous year. Among them, the number of taxpayers in the third quarter increased 26% year-on-year and the growth rate increased by 18.9 percentage points compared to the second quarter. With the implementation of policies and measures to help enterprises alleviate difficulties and develop healthy development, the vitality of various market entities has been steadily restored.
Shorten tax return time, speed up capital turnover, and foreign trade enterprise development is good
“This year, the tax department implemented timely export tax rebates, equipment purchase tax deductions, and other tax policies, greatly shortened tax return time and accelerated capital turnover. The company received more 800 million yuan in tax refunds in the first 9 months. ” Shenzhen Zhongdian Investment Co., Ltd. Cheng Wenshu, the company’s deputy general manager of foreign trade, said that this tax incentive dividend not only stabilizes the operation of the company, but also extends to the entire industrial chain. Shenzhen CLP is reported to have paid more than 500 million yuan for materials on behalf of customers, effectively relieving financial pressure on 600 small and medium-sized export enterprises in the Pearl River Delta region.
Since the beginning of this year, China has introduced a series of preferential tax policies and measures to help foreign trade companies revitalize their funds and build development momentum. In the first three quarters, the amount of goods and services purchased by exporting companies across the country increased 4.8% year-on-year, 1.1 percentage points higher than the growth rate of purchases by all companies. Among them, the third quarter increased 16.8% year-on-year, an increase of 3.3 percentage points from the second quarter, and the growth trend continued to improve.
While helping companies revitalize their funds, the tax department takes full advantage of the tax big data and, through the tax big data platform, helps export companies actively seek to transform into domestic sales. Fiscal data shows that in the first three quarters, domestic sales revenue of domestic exporting companies increased 7.7% year-on-year, which was 5.9 percentage points higher than the growth rate of sales revenue of all the companies. The market share of the domestic sales of exporting companies increased from 12.2% in January to 13.8% in September.
Li Xuhong, a professor at the Beijing National Accounting Institute, believes that tax big data and other methods can also track business production conditions in a timely manner, solve practical difficulties in time, help various entities understand policies, enjoy a preferential treatment and further open the industry chain and realize a virtuous circle.
Cai Zili said that in the next step, the tax department will make greater efforts to implement various tax and fee reduction policies to help companies benefit from the bailout, so that the “real money” benefits the people.
【Edit: Yuan Jingjing】
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