Help enterprises to rescue! Small, medium-sized and micro enterprises in the manufacturing industry

At the executive meeting of the State Council held on the 27th, phased tax deferment measures were deployed for small, medium-sized and micro enterprises in the manufacturing industry to further strengthen the rescue of enterprises. The tax relief will be implemented from November 1 this year to the end of the declaration period in January next year. It is expected to delay the tax for small, medium-sized and micro enterprises in the manufacturing industry by about 200 billion yuan.

Since the beginning of this year, China has further optimized the tax reduction and fee reduction policy, improved the implementation effect of the policy, and helped market players recover their vitality and enhance their vitality. Recently, high commodity prices and sharp rise in production costs have had a certain impact on enterprises, especially manufacturing enterprises. In this regard, the meeting put forward new measures to help enterprises rescue.

The meeting decided to implement phased tax deferment for the enterprise income tax and domestic value-added tax, domestic consumption tax and urban construction and maintenance tax attached to manufacturing small, medium and micro enterprises in the fourth quarter of this year, as well as the individual income tax paid by individual industrial and commercial households, sole proprietorship and partnership enterprises (excluding the individual income tax withheld and paid by them).

The meeting made it clear that all taxes realized by small and micro manufacturing enterprises (including individual industrial and commercial households) with an annual sales revenue of less than 20 million yuan will be postponed; For medium-sized manufacturing enterprises with an annual sales revenue of 20 million yuan to 400 million yuan, the tax shall be deferred by 50%, and enterprises with special difficulties may apply for full tax deferral according to law. In addition, in order to alleviate the operating difficulties of coal-fired power and heating enterprises, the tax payment realized in the fourth quarter of this year is postponed, and the total amount of tax relief is expected to be about 17 billion yuan. The maximum extension of the above tax deferment measures is 3 months.

In addition, the meeting decided to extend the implementation period of the policy of exemption from enterprise income tax and value-added tax on bond interest income obtained by foreign institutional investors investing in the domestic bond market to the end of the 14th five year plan, that is, December 31, 2025. Experts said that this measure will encourage more foreign investment to participate in domestic development through the bond market, promote opening to the outside world and attract foreign investment.

The tax reduction and fee reduction policy is related to the vital interests of the majority of market subjects and must be implemented in detail. Tan long, a first-class inspector of the tax administration department of the Ministry of finance, recently said that in the next step, we will earnestly implement the decision-making and deployment of the Party Central Committee and the State Council, resolutely implement the detailed tax reduction and fee reduction policy, continue to clean up and standardize all kinds of illegal enterprise related charges, resolutely do not collect excessive taxes and fees, and prevent weakening the tax reduction and fee reduction dividend.

Source: Xinhuanet