Tax and fee reductions continue to unleash the vitality of Shenzhen’s real economy

Implementing larger-scale tax and fee reductions is an important measure to promote the transformation and upgrading of the economic structure, and is also an important measure to exchange "subtraction" of government revenue for the "addition" of high-quality economic and social development. This year, Shenzhen is implementing larger tax and fee reductions.

Recently, reporters visited the tax office of the tax bureau, high-tech companies, pharmaceutical companies, retail companies and other representative companies. These enterprises have praised Shenzhen for actively implementing larger-scale tax and fee reductions, saying that tax and fee reductions have greatly reduced the operating costs of enterprises, helped enterprises to add vitality and boosted development confidence.

Jingbao reporter Yi Shaoling

The intelligent tax office facilitates tax services

The reporter inspected the intelligent office located on the first floor of the Nanshan District Taxation Bureau Headquarters for the first time Tax Hall. Nanshan District is home to a large number of listed companies and high-tech enterprises. The hall has been praised by enterprises for its extremely short waiting time, extremely fast tax processing efficiency, and excellent service experience. The reporter saw at the scene that regional equipment such as self-service form filling stations and smart tax experience centers fully demonstrated the outstanding results of the current combination of scientific and technological intelligent means and tax work, demonstrating that the tax bureau uses technology to enhance experience and efficiency to improve convenience. Customized tax services.

At the subsequent symposium, 10 Nanshan District companies including Global Digital, which developed the well-known IP of "Submarine Mobilization", introduced the tax benefits enjoyed by their own companies since the introduction of the tax reduction and fee reduction policy, and It puts forward new prospects for the tax reduction and fee reduction policies to benefit the long-term development of enterprises. "The transfer of film copyrights is now exempt from value-added tax. This can, to a certain extent, reduce the disadvantages caused by various companies in the film market due to the rapid increase in costs, and will also encourage enthusiasm for local original IP creation." said a representative from Global Digital.

Tax cuts and fee reductions allow companies to "pack lightly"

During on-site visits, many companies expressed that larger-scale tax cuts and fee reductions have allowed companies to "pack lightly" and drive Enterprise innovation and development.

Shenzhen Jingxun Software Communication Technology Co., Ltd. is a high-tech company focusing on providing smart lighting and wireless audio solutions. Wang Xiaoye, the company’s financial director, said: Orders have surged this year, and after tax cuts and fee reductions, The cost saved by the company will be invested in equipment and expansion of production lines to achieve a positive cycle of business operations; on the other hand, it will also "retain people and increase wages", with the number of workers on the production line increasing from 200 to 400. "Tax and fee reductions are greater than before. In 2019, it is estimated that the income tax discount will be 7.25 million yuan, the export tax rebate will be 3 million yuan, and the total tax will be 10.25 million yuan." Wang Xiaoye said.

Huaxun Ark Technology Co., Ltd., headquartered in Shenzhen, is a national high-tech enterprise. According to reports, this tax reduction and fee reduction has brought great benefits to the entire Huaxun Ark Group. On the one hand, as a production-oriented export-oriented enterprise, the reduction of value-added tax rate and rebate rate after April 1 will greatly reduce the occupation of cash flow by ECCOM Ark. It is estimated that the occupation of cash flow of the group parent company will be released by about 20 million yuan every year; on the other hand, On the one hand, multiple production bases within the Huaxun Ark Group can save more than 10 million yuan in value-added tax for the entire group in one year through coordinating the procurement and sales ends. The group's subsidiaries take advantage of the preferential tax policies for small and micro enterprises. It also reduces the overall income tax burden.

"Guarding" R&D innovation

As an innovation-driven enterprise, ECCOM Ark attaches great importance to R&D investment and technology accumulation. According to statistics, enterprises have invested 1.1 billion yuan in research and development expenses in the past three years, and its proportion of revenue far exceeds the requirements for national high-tech enterprises. It is understood that after the super deduction policy for R&D expenses increased to 75% in 2018, the taxable income of enterprises in May this year was reduced by more than 60 million yuan. As soon as the policy was launched, the tax department promptly informed the company and arranged professionals to provide policy guidance to the company. "This policy introduced by the state is undoubtedly a shot in the arm for technological innovation enterprises, allowing us to focus more on research and development." said Liu Dongtan, co-president of ECCOM Ark Group.

Last year, the movie "I'm Not the God of Medicine" became a hit, making original drugs a hot topic. Shenzhen Haibin Pharmaceutical Co., Ltd. is an enterprise focusing on independent research and development of core drugs.

Independent research and development requires a large amount of capital investment in the early stage, but the return cycle is often unpredictable. Fortunately, there was strong support from tax policies to protect companies along the way.

“This year, the country has implemented larger-scale tax cuts and fee reductions, and companies have enjoyed the ‘quadruple preferential combination’ of super deductions for entrusted overseas R&D expenses, super deductions for independent R&D expenses, personal tax reform and value-added tax rate adjustments. It is expected to save about 13 million yuan in taxes throughout the year."

Chen Shaopeng, financial director of Haibin Pharmaceutical, said, "The most exciting thing is that the pre-tax super deduction rate for independent research and development expenses has been increased from 50%. 75%. Compared with the original policy, we can save more than 1 million yuan in tax in the final settlement of corporate income tax in 2018.”

After painstaking research and development in the early stage, Haibin Pharmaceutical’s core drugs Manufacturing has begun to bear fruit, and the company has so far applied for 52 invention patents in antibiotic preparation, 30 of which have been authorized.

Increase talent attraction

The relevant person in charge of Shenzhen Skyworth-RGB Electronics Co., Ltd. said that in addition to a series of preferential tax policies such as lowering the value-added tax rate and increasing the super deduction ratio of R&D expenses, Good news: Although the personal income tax cut does not directly reduce corporate tax burdens, the increase in employee income will definitely increase work enthusiasm, ultimately benefiting companies.

According to statistics, nearly 10,000 of the company’s production line workers do not need to pay personal income tax this year, while the personal income tax burden of other employees has dropped by more than 30% on average, and the reduction is expected to reach 25 million yuan. The preferential personal income tax in the Greater Bay Area and the specific conditions for the identification of individual status of resident enterprises will further increase the company's attractiveness to high-tech talents. "While reducing taxes, the tax bureau has eliminated a large number of paper declaration materials and filing and approval procedures, saving a lot of tax processing time."

Let consumers improve service quality

< p>Tax and fee reductions will benefit not only businesses but also individual consumers. "Entering 2019, the company has maintained a good growth momentum. From January to April, sales revenue increased by 23.76% year-on-year, and tax payments exceeded 20 million yuan, a year-on-year decrease of 1.9%. It has truly enjoyed the benefits brought by tax cuts and fee reductions, and achieved "It's a good start against the trend." The relevant person in charge of Shenzhen Suning.com Sales Co., Ltd. said that the implementation of the tax reduction and fee reduction policy has greatly reduced the burden of the company's operations. After the implementation of the new policy, it is roughly estimated that the company will be able to reduce taxes by nearly 10% per year. 5 million yuan in taxes and fees.

After the implementation of the inclusive tax reduction and exemption policy for small and micro enterprises, the tax exemption standard for small-scale taxpayers renting out real estate has been increased from 30,000 yuan to 100,000 yuan, that is, the monthly rental income after apportionment is less than 100,000 yuan. The imposition of value-added tax is equivalent to a direct reduction of 5% of rent for enterprises. Suning.com currently has more than 120 Suning stores in Shenzhen. It is roughly estimated that after the implementation of the new policy, rents can be reduced by 1.5 million to 2 million yuan per year, which greatly reduces operating costs and provides Suning with the layout of new smart retail formats. In order to provide assistance, Suning.com said that the money saved will benefit consumers. By increasing promotional activities and improving service quality, consumers will receive more benefits.