The taxation department issued a three-day tax reduction

On May 3, the Ministry of Finance and the State Administration of Taxation issued three notification documents on the same day to implement the tax reduction policy, covering the simplified VAT rate, clarifying the pilot policies for venture capital enterprises and angel investment individuals, and identifying science and technology small and medium-sized enterprises. Enterprise research and development expenses, pre-tax deduction ratio, etc.
With the release of the relevant policy rules, the tax reduction and fee reduction has entered an intensive period. Experts pointed out that in accordance with the deployment of the national tax reduction and reduction "big gift package", the follow-up of the implementation of the policy rules is worth looking forward to. According to estimates, the new tax cuts for the year will reach 380 billion yuan, and the scale of fee reduction will reach 200 billion yuan. The implementation of the tax reduction and fee reduction policy will bring real dividends to the real economy to reduce costs and increase the stamina.

The strength of the day to send three texts to reduce taxes
The Ministry of Finance and the State Administration of Taxation issued the "Notice on the Relevant Policies on the VAT Tax Rate" on the 3rd. The notice clearly stated that since July 1, 2017, the deductible VAT rate structure, the VAT rate has been reduced from the original four files to the third grade of 17%, 11% and 6%, and the 13% VAT rate has been cancelled. Among them, taxpayers sell or import agricultural products, natural gas, etc., and the VAT rate is reduced from 13% to 11%. At the same time, the original deduction of the agricultural products purchased by the deep processing enterprises of agricultural products will remain unchanged, and the tax burden will be increased due to the reduction of the deduction of the input.
On the same day, the Ministry of Finance and the State Administration of Taxation also issued the "Notice on Pilot Policies on Pioneering Venture Enterprises and Angel Investment Individuals", according to the notice, in Beijing-Tianjin-Hebei, Shanghai, Guangdong, Anhui, Sichuan, Wuhan, Xi'an, Shenyang 8 A comprehensive innovation reform pilot area and Suzhou Industrial Park will carry out pilot projects. From January 1 this year, the technology-based enterprises that invest in the seed-making period and start-up period of venture capital enterprises can enjoy the discount of 70% of the investment amount. Policy; Since July 1 this year, the investment entity that will enjoy this preferential policy has been expanded from corporate partners of corporate and partnership venture capital firms to individual investors. The above incentives are also available for investments that occur within 2 years prior to the effective date of the policy.
In order to further encourage SMEs to increase R&D investment, the Ministry of Finance, the State Administration of Taxation and the Ministry of Science and Technology jointly issued the "Notice on Improving the Pre-tax Deduction Ratio of Research and Development Expenses for SMEs in Science and Technology" on the same day. The notice further clarified the relevant rules. The notice also clarified that the science and technology, finance and taxation departments should establish an information sharing mechanism to share relevant information of SMEs in a timely manner, strengthen coordination and cooperation, and ensure that preferential policies are in place.
Mr. Zhai Zhanguang, PwC China's R&D Pleasure Service Co., Ltd., told the Economic Information Daily that the notice clarified that the pre-tax deduction of research and development expenses for SMEs is higher than the deduction ratio and applicable time limit of general enterprises, forming a technology-oriented The policy basis for the deduction of research and development expenses for small and medium-sized enterprises. At the same time, the Ministry of Science and Technology, the Ministry of Finance and the State Administration of Taxation will separately issue the conditions and management methods for SMEs to clarify the scope of application and compliance requirements of this preferential policy.
He pointed out that the implementation of more preferential R&D expenses and deductions for SMEs reflects the country's strong support for scientific research and innovation, and it also conforms to the trend that international major innovation-driven national R&D incentives generally increase incentives for SMEs. This policy is more targeted, and will play a good role in promoting the “innovation of the people” and the enthusiasm of enterprises to increase investment in research and development.
Jiang Zhen, deputy researcher of the Chinese Academy of Finance and Economics of the Chinese Academy of Social Sciences, told the Economic Information Daily that the deductible VAT rate is a measure to deepen the tax reform after the reform of the VAT, and to reduce the VAT in the market transaction process by simplifying the tax rate. The distortion of the value chain, the enhancement of tax neutrality, tax system fairness and market fairness, optimize the investment operation structure of the entity enterprise, and also play a decisive role in the market allocation of resources.
The release of tax policies for technology-based SMEs and start-ups will help foster new economic momentum. Jiang Zhen pointed out that because technology-based SMEs are the mainstay of innovation and an important engine for future economic growth, venture capital and angel investment are important interest mechanisms for cultivating innovation power. Relevant tax incentives are conducive to stimulating the enthusiasm of venture capital firms and angels to invest in individuals, reducing the income tax burden of technology-based SMEs, and giving enterprises the incentive to use more after-tax income for corporate reinvestment.

Gift package tax reduction and fee reduction into the intensive landing period
Just one day ago, the Ministry of Finance issued a document stipulating that from July 1 this year, the pilot policy for pre-tax deduction of personal income tax on commercial health insurance will be pushed to the whole country, and the expenditure on the purchase of eligible commercial health insurance products for individuals will be allowed up to 2400 per year. The limit of the yuan is deducted before tax.
The introduction of the policy rules is precisely to implement the tax-saving “great package” that the state has issued for the real economy. The State Council executive meeting on April 19 deployed six specific tax reduction initiatives. In addition to the several tax reduction policies mentioned above, including the expansion of the scope of small-scale enterprises that enjoy corporate income tax benefits, and the extension of some tax incentives due at the end of 2016 to the end of 2019.
Tax reduction and fee reduction have entered an intensive period. A few days ago, the State Administration of Taxation issued a summary of the “Guidelines for Tax Preferential Policies for Mass Entrepreneurship and Innovation”.
According to estimates, after the six-country tax reduction measures introduced this year were put in place, and the pilot reform of the camp reform was launched in the first four months of this year, it is expected to reduce the tax burden of various market entities by more than 380 billion yuan.
In addition to tax cuts, the reduction of fees has also been implemented intensively. In March this year, the Ministry of Finance and the National Development and Reform Commission issued the "Notice on Cancelling and Adjusting Relevant Policies of Some Government Funds". Since April 1st, some government funds have been cancelled and adjusted to reduce the burden on enterprises and the annual fee reduction has been started. The "head gun".
The above-mentioned two departments subsequently issued the "Notice on Clearing and Regulating a Group of Administrative Fees Related to Administrative Fees". From April 1, 2017, 41 administrative and institutional fees set up by the central government will be cancelled or suspended, and trademark registration fees will be charged. The standard is reduced by 50%.

Dividends push the real economy to reduce costs and increase stamina
It is understood that in addition to the degenerate tax rate, the policy of reforming the battalion is constantly being optimized. “Continuous optimization of taxpayer demand is an important focus for further deepening the reform of the camp in 2017.” Deputy Director of the Department of Goods and Services Tax of the State Administration of Taxation Chang Linfeng introduced that on the basis of extensive consultations with various parties, in response to the focus and attention of taxpayers, 10 new measures will be launched: from June 1st, small-scale taxpayers will start the trial of special VAT invoices. The lodging industry and the forensic consulting industry have expanded to the construction industry; small-scale taxpayers with monthly sales of more than 30,000 yuan can provide their own construction services and sell goods through the VAT invoice management system.
Industry experts pointed out that the tax cuts and fee reduction measures will reduce the real policy dividends for the real economy enterprises to reduce costs and increase their stamina.
Taking the reform of the camp as an example, Li Shufu, chairman of Geely Holding Group Co., Ltd., said at the symposium held by the State Administration of Taxation and the National Federation of Industry and Commerce that in the promotion of the reform of the taxation system, the full implementation of the policy of reforming the camp has benefited enterprises. He further stated that "according to the comprehensive implementation of the pilot reform of the camp, the construction services and real estate input tax can be deducted. We calculate the investment of 2 billion yuan in infrastructure construction. Geely can add 198 million yuan in deductible, which brings us The real tax cuts have greatly enhanced the company's ability to operate."
Liu Qiangdong, CEO of Jingdong Group, said: "In recent years, the state has implemented a series of tax reforms and tax reduction initiatives, which have played a positive role in reducing burdens, encouraging innovation, and promoting economic transformation."
The State Administration of Taxation predicts that by April 30 this year, the first year of the pilot reform of the camp will be fully implemented, and the tax reduction will be about 680 billion yuan. In addition, from January 2012 to February 2017, the total scale of tax increase and reduction of the business has exceeded 1.2 trillion yuan.
Since the implementation of the camp reform, 98% of the pilot taxpayers have achieved a tax burden reduction or flat. More and more taxpayers enjoy the tax cuts brought by the reform, and the overall tax reduction scale is getting larger and larger. Wang Jun, director of the State Administration of Taxation, said in a keynote speech at the 4th VAT Global Forum of the OECD. (Sun Haohua Intern Li Wei)

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