Combined tax support policy

“A new combined tax and fee support policy will be implemented in 2022. The basic principle is to adhere to the combination of phased measures and institutional arrangements, and to implement both tax reduction and tax rebates.” In this year’s government report, in 2022 A new combined tax support policy was announced. It is estimated that the annual tax refund and reduction will be about 2.5 trillion yuan, of which about 1.5 trillion yuan will be retained in tax refunds. All tax refund funds will go directly to enterprises.

In the first year of the “14th Five-Year Plan”, my country’s taxation work has achieved a stable start, a new beginning, and significant results. This year's government work report pointed out that in 2021, my country will optimize and implement corporate bailout policies and consolidate the foundation for economic recovery. New tax cuts and fee reductions will exceed 1 trillion yuan. It will also provide support to small, medium and micro enterprises in the manufacturing industry, coal and electricity and supply. Hot enterprises will implement phased deferral of tax payments.

Looking back on 2021, "tax reduction and fee reduction + tax and fee deferment" has become a highlight of my country's tax-related policies. Focusing on boosting the operation of the industrial economy and ensuring the supply of energy and electricity, manufacturing small, medium and micro enterprises are expected to apply for tax deferrals of 200 billion yuan, and coal, electricity and heating companies are expected to apply for "reduction, refund and deferral" taxes of 27 billion yuan. Focusing on stimulating the vitality of scientific and technological innovation and development, benefiting from the twice-upgraded super deduction policy for R&D expenses, enterprises have enjoyed tax reductions and exemptions of 333.3 billion yuan in advance.

A series of policy "combinations" have highlighted the innovation and upgrading of the manufacturing industry, as well as small, medium and micro enterprises and individual industrial and commercial households that are large in volume and have a wide range of employment, and have not only helped the transformation and upgrading of the manufacturing industry, but also the small, medium and micro market entities. Reducing the burden will further help stabilize growth and maintain employment, and inject stronger impetus into the steady recovery and continued improvement of our country's economy.

This year’s government work report pointed out that practice has shown that tax cuts and fee reductions are a direct and effective way to help enterprises bail out. In fact, they are also "releasing water to raise fish" and conserving tax sources. Newly added taxes since 2013 Tax-related market entities paid 4.76 trillion yuan last year.

In recent years, "tax cuts and fee reductions" have become a hot word in proactive fiscal policies.

The reporter found out that from 2016 to 2020, the annual "Government Work Report" set specific tax and fee reduction targets.

“This year will reduce the burden on enterprises and individuals by more than 500 billion yuan compared with before the reform.” - 2016 Government Work Report;

“Further tax cuts and fee reductions, and further reductions throughout the year The corporate tax burden is about 350 billion yuan and business-related fees are about 200 billion yuan. Market entities must have a personal experience. "——2017 Government Work Report;

"We will further reduce the tax burden for enterprises and individuals throughout the year. We will raise more than 800 billion yuan in taxes, promote the transformation and upgrading of the real economy, and strive to stimulate market vitality and social creativity." - 2018 Government Work Report;

"Ensure that tax reductions and fee reductions are implemented in place. Tax and fee reductions address the current pain points and difficulties of market entities, and are a fair and efficient policy that will reduce corporate tax and social security payment burdens by nearly 2 trillion yuan throughout the year." - 2019 Government Work Report;

< p> "It is expected that the new burden reduction for enterprises throughout the year will exceed 2.5 trillion yuan. We must resolutely implement the tax reduction and fee reduction policy to enterprises, retain the green hills and win the future." - 2020 Government Work Report;

< p>In 2021, the government work report did not propose a scale target for tax reduction and fee reduction, but focused on optimizing and implementing tax reduction and fee reduction policies.

This year, tax reduction and fee reduction work once again ushered in new goals.

This year’s government work report points out that in 2022, a new combined tax support policy will be implemented. Adhere to the combination of phased measures and institutional arrangements, and implement both tax reduction and tax rebates.

On the one hand, we will continue to implement the tax reduction and fee reduction policy to support the manufacturing industry, small and micro enterprises and individual industrial and commercial households, and increase the reduction and exemption range and expand the scope of application. Small-scale taxpayers will be exempted from VAT in stages. For the annual taxable income of small and micro enterprises from 1 million yuan to 3 million yuan, the corporate income tax will be halved. All localities must also take into account actual conditions and introduce effective measures such as tax reductions and exemptions in accordance with the law, so that tax reductions and fee reductions will only increase rather than decrease, so as to stabilize market expectations. On the other hand, in order to comprehensively consider providing cash flow support for enterprises, promoting consumer investment, and vigorously improving the VAT refund system, this year we will implement a large-scale tax refund for the VAT credit. Priority will be given to small and micro enterprises, and all existing retained tax credits for small and micro businesses will be refunded in full before the end of June, and the incremental retained tax credits will be refunded in full. Focus on supporting the manufacturing industry and comprehensively solve the problems of retained tax refunds in manufacturing, scientific research and technical services, ecological and environmental protection, electricity and gas, transportation and other industries.

The value-added tax refund will be significantly increased to effectively boost market confidence.

It is estimated that the annual tax refund and reduction will be about 2.5 trillion yuan, of which Zheng Peizhong’s retained tax refund will be about 1.5 trillion yuan, and all tax refund funds will go directly to enterprises. The central government will increase financial support to local governments, and subsidy funds will go directly to cities and counties. Local governments and relevant departments must establish and improve working mechanisms, strengthen fund allocation, and ensure that the key measure of tax refunds and tax reductions is implemented, so as to provide timely assistance to enterprises and help them flourish. vitality.