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Home > News > Market Flash > Ensure that tax cuts and fee reductions come into effect

Ensure that tax cuts and fee reductions come into effect

ECHEMI 2019-07-22

ReduceTax

While the majority of enterprises generally enjoy tax reduction and fee reduction dividends, we should attach great importance to the phenomenon of "the black hand of extending tax reduction and fee reduction dividends" pointed out in the State-run inspection office bulletin, and we should not take it lightly. At present, the main policies and measures of reducing VAT tax rate and social security premium rate have been put into effect. The key is to implement them in a nail spirit so that all policies can come into effect.

The Inspection Office of the General Office of the State Council issued a circular that recently dispatched personnel to Manzhouli Port of Inner Mongolia Autonomous Region to conduct inspection on the charge of import and export links at the port. It was found that some units and enterprises at Manzhouli Port had problems such as illegal charges and disguised price increase charges, which greatly increased the cost of enterprises and offset tax deduction. Cost reduction effect. The circular pointed out that the local practices seriously affected the business environment of the port and seriously damaged the credibility of the Party and the government. This sends a clear and strong signal that all regional departments must resolutely implement the major measures of tax reduction and fee reduction promulgated by the Party Central Committee and the State Council, or they will be seriously investigated and punished.

This year, nearly 2 trillion yuan of tax and fee reduction has been implemented, including a series of tax and fee reduction policies, such as deepening the reform of value-added tax, individual tax reform and lowering the social security premium rate, which can be called the "largest scale" in the history of burden reduction. This is a key measure to cope with the downward pressure of the economy, and also a major measure of structural reform on the supply side. It plays an important role in reducing the burden of enterprises, stimulating the vitality of micro-subjects, promoting industrial transformation and upgrading, and promoting the stable and healthy development of the economy. Statistics show that from January to May of this year, a total of 893 billion yuan of new tax and fee reductions were added, of which 816.8 billion yuan of new tax reductions and 76.2 billion yuan of new social security premiums were added.

However, while most enterprises generally enjoy the dividend of tax reduction and fee reduction, we should attach great importance to the phenomenon of "the black hand of extending tax reduction and fee reduction dividend" pointed out in the report of the State Office of Supervision and Inspection. Some "black hands" exist in varying degrees, such as arbitrary charges and price rises, seize the dividends that enterprises should enjoy, and damage the legitimate rights and interests of enterprises. Not only has the burden not been alleviated, but also the counter-cyclical macro-control policies and measures "fail", and the smooth and healthy operation of the economy has been affected. At the same time, it inevitably causes some enterprises to doubt the landing of major national policies and measures, which seriously damages the credibility of the Party and the government. In this regard, all local departments should attach great importance to it.

At present, the main policies and measures of reducing VAT tax rate and social security premium rate have been put into effect. The key is to implement them in a nail spirit so that all policies can come into effect.

On the one hand, the implementation of larger-scale tax reduction and fee reduction will bring greater pressure to the balance of fiscal revenue and expenditure. Governments and departments at all levels must take the lead in tightening the day, vigorously reduce general expenditure, strictly control the "three public" funds, open source and reduce expenditure, and take overall measures to increase the proportion of state-owned capital operating budget transferred to the general public budget. Efforts should be made to revitalize the stock assets and other measures, raise funds through various channels to compensate for income reduction, and ensure the implementation of active fiscal policies. On the other hand, we should closely follow up and timely solve the problems in the implementation of the tax reduction and fee reduction policy, strengthen supervision and supervision, and give enterprises and the masses a real sense of gain. The inspection was carried out according to the clues reflected by the enterprises in the "Internet + supervision" platform of the State Council, which showed that "the people shouted, I should do something". All localities should fully listen to the voices of enterprises through various channels, promptly identify and solve the problems reflected by enterprises, severely investigate and punish the phenomena of offsetting the results of tax reduction and fee reduction, and never tolerate them, and seriously investigate the responsible persons.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

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