Contents of tax reduction and fee reduction policies

Tax reduction and fee reduction are the deepening and manifestation of the government's streamlining of administration and decentralization of power in the social and economic field. It is a series of targeted tax reduction and general fee reduction measures. Encourage banks to increase credit support and services, allow enterprises to move forward with ease, and encourage social entrepreneurship. Tax and fee reductions are an important measure to coordinate with supply-side structural reforms, promote economic growth, and re-energize the market. To stabilize and improve economic policies, we must further reduce taxes and fees and reduce the burden on enterprises. The ultimate goal of the government's tax reduction and fee reduction policy is to revitalize the economy, solve and adapt to new problems arising under the new economic normal, especially through enterprises, and ultimately achieve stable growth, adjust structure, and benefit people's livelihood through tax reduction and fee reduction. The content of the tax reduction and fee reduction policy is: first, raise the threshold for small-scale value-added tax taxpayers and adjust the monthly sales from 30,000 yuan to 100,000 yuan, that is, those with monthly sales below 100,000 yuan do not need to pay value-added tax Tax. Second, relaxing the standards for small-scale low-profit enterprises and increasing preferential treatment means relaxing the conditions for identification. The conditions for relaxation are: the total assets of the enterprise shall not exceed 50 million yuan, the number of employees shall not exceed 300, and the taxable income shall not exceed 3 million yuan. Third, some local taxes paid by small-scale taxpayers can be halved. Fourth, expand the scope of application of preferential policies for start-up technology companies. For venture capital companies and angel investors who invest in start-up technology companies, 70% of the investment amount can be deducted from taxable income.

Legal basis: "Tax Collection and Administration Law of the People's Republic of China"

Article 28 Tax authorities collect taxes in accordance with the provisions of laws and administrative regulations and shall not violate Laws and administrative regulations stipulate the introduction, suspension, over-levy, under-levy, early collection, delayed collection or apportionment of taxes. The amount of agricultural tax payable shall be determined in accordance with the provisions of laws and administrative regulations.

Article 29 Except for tax authorities, tax personnel, and units and personnel entrusted by tax authorities in accordance with laws and administrative regulations, no unit or individual may conduct tax collection activities.