National tax and fee reduction policy on April 1st

From April 1, the 16% value-added tax rate in manufacturing and other industries will be reduced to 13%, and the 10% value-added tax rate in transportation and construction industries will be reduced to 9%. The meeting decided:

First, further expand the scope of input tax deduction, include passenger transportation services into the deduction, and change the input tax paid by taxpayers to acquire real estate from a two-year deduction to a one-time full deduction, increasing the number of taxpayers Input tax can be deducted in the current period.

For taxpayers whose main businesses are postal services, telecommunications, modern services and consumer services, an additional 10% of the input tax will be deducted from the tax payable. The implementation period of the policy is tentatively scheduled to be until the end of 2021. Ensure that the tax burden of all industries is reduced but not increased.

The second is to refund the additional tax credits added by taxpayers after the implementation of the policy in accordance with relevant regulations. The third is to adjust the export tax rebate rate for some goods and services and the applicable deduction rate for purchased agricultural products accordingly. At the same time, we will increase transfer payments to local governments, focusing on the central and western regions and counties and cities with difficulties.

Implementing policy arrangements for VAT credits and refunds

First, give priority to supporting small and micro enterprises and increase the intensity of VAT credits and refund policies for small and micro enterprises. All eligible small and micro enterprises will receive a one-time refund of existing retained tax credits, and the conditions for incremental retained tax credits will be relaxed, and the refund ratio of incremental retained tax credits will be increased from 60% to 100%, that is, all refunds will be made. At the same time, priority will be given to small and micro enterprises in terms of tax refund progress, and all existing tax credits for small and micro enterprises will be refunded in one go before the end of June.

The second is to focus on supporting industries such as manufacturing and comprehensively solve the problem of retained tax credits in manufacturing and other industries. Strengthen the policy of refunding excess value-added tax credits in manufacturing and other industries. Previously, the incremental excess tax credits for advanced manufacturing industries were fully refunded on a monthly basis. This time, the scope will be expanded to all manufacturing industries.

As well as scientific research and technical services, electricity, heat, gas and water production and supply, software and information technology services, ecological protection and environmental management, transportation, warehousing and postal services, and in The existing retained tax credits in these industries will be refunded in one go before the end of this year.

Third, the central government provides financial support to ensure that tax refunds are paid in a timely manner and the "three guarantees" are fully guaranteed. The Ministry of Finance will bear 50% of the tax refund funds according to the current tax system.

Specifically, we arrange it through three special projects. Among them, for the local burden of the newly added excess tax refund, the central financial subsidy ratio exceeds 82% on average, and is tilted towards the central and western regions.

Reference for the above content: State Administration of Taxation-The 31st National Tax Publicity Month was launched on April 1