Tax reduction and fee reduction is a hot word this year, and the state will strengthen the implementation of this policy. It is reported that this year will implement a larger scale of tax reduction, whether it is small and micro enterprises, manufacturing industry or ordinary people are expected to enjoy a wave of dividends, this policy will really reduce the tax burden for people.
As we all know, both enterprises and individuals need to pay taxes. Nowadays, the high employment costs of enterprises and the tax problems make the burden too heavy. Therefore, the development of enterprises is hindered. In order to reduce the burden of some small and medium-sized enterprises in China, the state will implement the policy of reducing taxes and fees.
It is understood that in 2018, enterprises and individuals cut taxes and fees by 1.3 trillion yuan, exceeding the 1.1 trillion yuan arranged at the beginning of the year. This is related to the response to the downward pressure of the economy and the increase of the positive fiscal policy in the middle of the year. The central government has made it clear that it will launch a larger scale tax reduction and fee reduction policy in 2019.
This year, the all China Federation of industry and Commerce has made two collective proposals on tax reduction and fee reduction, one of which is the proposal on reducing the tax burden of advanced equipment manufacturing industry. The proposal is still in the process of improvement, and the opinions of other democratic parties have been put forward.
For example, the proposal of the Central Committee of the Democratic People's construction of the people's Republic of China on continuously increasing the intensity of tax reduction and fee reduction and promoting the healthy development of the real economy suggests that on the basis of the full implementation of preferential tax rates for qualified manufacturing enterprises, further introduce more policies and measures to reduce the tax rate of enterprise income tax in a timely manner.
In addition, the proposal also proposes to reduce the value-added tax rate, merge the high-end tax rate of 16% with the 10% tax rate, reasonably adopt a certain value between the two, and adopt the tax policy of levying and refunding the enterprise with the original 10% tax rate to keep the tax burden unchanged.
Tax reduction and fee reduction specifically includes two parts: tax reduction and exemption and cancellation or suspension of administrative and institutional fees. In terms of tax reduction, about 350 billion yuan will be reduced throughout the year, including continuing to improve the pilot policy of replacing business tax with value-added tax, increasing the preferential range of enterprise income tax by half from 300000 yuan of annual taxable income to less than 500000 yuan of small and micro enterprises, and increasing the proportion of additional deduction of R & D expenses from 50% to 75%.