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Original title: The burden of companies to reduce the release of market vitality
Throughout the year, the economy grew 2.3% against trend, and GDP surpassed the 100 trillion yuan mark for the first time … In a remarkable 2020, China’s economy has made extraordinary achievements . What are the highlights of the multidimensional Chinese economy from a fiscal perspective? A few days ago, the State Tax Administration released data to provide insight into China’s economy in 2020 through the economic “barometer” of taxes.
The data shows that in 2020, the tax revenue organized by the national tax departments (after deducting export tax refunds) will be 13.678 million yuan, a year-on-year decrease of 2.6% and the tax revenue target of the fiscal budget agreement. it will be completed successfully. From the “low” in March 2020, the growth rate of tax revenue has recovered for nine consecutive months, reflecting the positive momentum of my country’s economic recovery. However, due to the impact of the epidemic and the implementation of tax cuts and rate reductions, tax revenues for the entire year have fallen. Tax revenue as a share of GDP was reduced by approximately 0.82% and the corporate tax burden was further reduced.
The tax and fee reduction policy will direct the “real gold and silver” dividends to market entities, effectively reducing the burden on companies. “In 2020, the Party Central Committee and the State Council will continue to increase tax and fee reduction efforts. In the first 11 months, the cumulative tax and fee reductions will be 2,367.3 billion yuan, which It is expected to exceed 2.5 trillion yuan for the The goal of reducing the burden on companies throughout the year. ”Cai Zili, Director of the Revenue Planning and Accounting Department of the State Tax Administration, said that during the “Thirteenth Five-Year Plan” period, the new tax cuts and tariffs are expected to exceed 7.6 trillion yuan, a series of real tax cuts. The tariff policy has improved the sense of business profit and stimulated the vitality of market players.
The vitality of the market can also be seen in the number of newly established tax-related market entities throughout the year. Cai Zili presented that in 2020, there will be 11.44 million new market entities related to taxes nationwide, an increase of 10.1% over 2019, indicating that the state’s policies and measures to support the Market entities to ease the difficulties and develop healthy development have come into force and the market vitality has quickly recovered. In addition, the export tax refund for the full year 2020 will be 1,454.9 billion yuan, which will speed up the export tax refund process and firmly support the stabilization of foreign trade. The tax department will collect 3.8 trillion yuan in income from social security fees. , which provides protection for the development of people’s livelihoods.
Tax big data has the advantages of high timeliness, broad coverage, and fine granularity. Registers the state of production and operation of market entities and can reflect economic operations more quickly and objectively. Value-added tax invoice data shows that in 2020, the sales revenue of domestic companies will increase by 6% year-on-year, and the production and operation of companies are stable and improving.
“In 2020, the sales revenue of the domestic high-tech industry will increase 14.7% year-on-year, and the growth rate is 8.7 percentage points faster than the national corporate average. Among them, the service industry of High technology represented by information services and e-commerce has experienced 9 consecutive sales since April. The year-on-year growth rate exceeded 20%, and the year-on-year cumulative growth rate was 23.6%, indicating the accelerated release of new development potential of kinetic energy and the continued growth of the new economy. ”Cai Zili said that in 2020, benefiting from tax incentives such as deduction of R&D expenses, a national priority R&D spending of source companies increased by 13.1% year-on-year Among them, the manufacturing industry increased by 9.6% and the software and information technology services industry increased by 25 ,3%. All of them maintained a positive momentum of innovation and development, adding strong resistance to China’s high-quality development. economy.
(Reporter Chen Chen)
