According to the competent person in charge of the State Administration of Taxation, China’s tax and tariff reduction policies and measures introduced this year have effectively reduced pressure on enterprises, supported market entities to resume production and sales and gradually return to normal production and operation.
Since the beginning of this year, China has reportedly introduced 7 batches of 28 new preferential tax and fee policies to support epidemic prevention and control and economic and social development, which have effectively alleviated the financial pressure on enterprises. , mainly reflected in “one drop, two raises and two raises.”
The continuous decrease in the burden of taxes and fees has led to the continuous increase in the vitality of market players and the drive for business innovation. The data shows that the number and scale of market entities have expanded significantly. From January to November this year, 10.16 million new market entities turned to the tax department to handle tax-related matters, a year-on-year increase of 7.4%; in November, those with annual sales revenue of more than 5 million yuan. The number of general value-added contributors increased by 93,000 month-over-month, with an average monthly increase of 88,000 since the beginning of this year, bringing the total scale to 11.19 million.
The vitality of the market entities has increased, naturally driving increased sales revenue and profitability.
From the perspective of 20 sectors of the national economy, in the first 11 months, the accumulated sales revenue of 14 sectors turned positive year on year, accounting for 70%. Among them, the sales revenue of the scientific research and technical services industry, the transmission of information and the technical services industry grew faster, increasing by 22.6% and 22.2%, respectively, year-on-year, indicating that China’s new growth momentum is accelerating.
From the perspective of business profitability, in the third quarter, the profit of the main companies of fiscal origin in the country increased by 4.9% year-on-year, an increase of 8.1 percentage points compared to the second quarter.
According to the competent person in charge of the State Administration of Taxation, China’s tax and duty reduction policies and measures introduced this year have effectively reduced pressure on enterprises, supported market entities to resume production and sales and gradually return to normal production and operation.
Since the beginning of this year, China has reportedly introduced 7 batches of 28 new preferential tax and fee policies to support epidemic prevention and control and economic and social development, which have effectively alleviated the financial pressure on enterprises. , mainly reflected in “one fall, two increases and two increases”
The continuous decrease in the burden of taxes and fees has led to the continuous increase in the vitality of market players and the momentum of business innovation. The data shows that the number and scale of market entities have expanded significantly. From January to November this year, 10.16 million new market entities turned to the tax department to handle tax-related matters, a year-on-year increase of 7.4%; in November, those with annual sales revenue of more than 5 million yuan. The number of general VAT payers increased by 93,000 month-on-month, with an average monthly increase of 88,000 since the beginning of this year, bringing the total scale to 11.19 million.
The vitality of the market entities has increased, naturally driving increased sales revenue and profitability.
From the perspective of 20 sectors of the national economy, in the first 11 months, the accumulated sales revenue of 14 sectors turned positive year after year, representing 70%. Among them, the sales revenue of the scientific research and technical services industry, information transmission and technical services industry grew the fastest, increasing by 22.6% and 22.2%, respectively, year over year, indicating that China’s new momentum is accelerating.
From the perspective of business profitability, in the third quarter, the profit of the main companies of fiscal origin in the country increased by 4.9% year-on-year, an increase of 8.1 percentage points compared to the second quarter.
