A total of 1 tn and 780 bn yuan was added to reduce taxes.

On October 30, the State Administration of Taxation released data showing that in the first three quarters of this year, a total of 1783.4 billion yuan of tax reduction and fee reduction was added, including 1519.9 billion yuan of tax reduction and 272.5 billion yuan of social insurance premium reduction. This means that nearly 90% of the tax reduction target of 2 trillion yuan this year has been achieved. Experts believe that tax reduction and fee reduction not only stabilize the economic development expectation, but also improve the tax business environment.

This year, we will implement a larger-scale tax reduction policy to reduce the tax burden for enterprises, which has generally exceeded market expectations. " Zhang Yiqun, vice chairman of the China budget performance Committee, told the Securities Daily that the implementation of tax reduction and fee reduction policies has stimulated the vitality of the real economy, and focused on optimizing the business environment in tax reduction and fee reduction, so as to give more sense of gain to market participants. In the first three quarters of this year, a total of 1783.4 billion yuan of tax cuts and reductions were added nationwide, including 1519.9 billion yuan of tax cuts and 272.5 billion yuan of new social insurance premiums. The new tax reduction mainly includes the added tax reduction of 703.5 billion yuan in the value-added tax reform (including 118.4 billion yuan of adjusted value-added tax rate on May 1 last year, 585.1 billion yuan of deepened value-added tax reform this year), the added tax reduction of 182.7 billion yuan in the inclusive policy for small and micro enterprises, and the added tax reduction of 442.6 billion yuan in the two-step reform of personal income tax.

This year, the implementation of a larger-scale tax reduction policy has a more obvious impact on the reduction of tax revenue. " Cai Zili, executive deputy director of the tax reduction Office of the State Administration of Taxation and director of the revenue planning and accounting department, said that in the first three quarters, the tax revenue (after deducting the export tax rebate) organized by the national tax authorities was 11265.8 billion yuan, an increase of 0.3%, down 12.9 percentage points from the same period last year. In the first three quarters, the tax burden level of various industries decreased to different degrees year on year. For example, the tax burden of manufacturing industry dropped 1.08 percentage points year on year. According to Zhang Yiqun, with the sharp reduction of VAT tax rate and the increase of deductible amount this year, all kinds of industries and enterprises have different degrees of benefits and corporate tax burden has been reduced.

In April this year, the company successively received the notice from the local tax bureau, asking us to participate in the training involving the adjustment of value-added tax rate, the optimization of tax service, the refund of input tax reserve and the deduction of input tax. " Li Xia, financial director of Xiesai (Shanghai) Biotechnology Co., Ltd., told Securities Daily, "as a group of bio tech companies for resource recycling, they have set up factories in Zhejiang, Shandong, Guangdong and other places that meet the requirements of local waste nutrition and resource management, enjoying the support of tax reduction policies such as value-added tax, which will be sufficient when they set up factories The cash flow of is used in the production operation, which enables the fund to be used in the production effectively and avoids the tense problem of the fund flow.

Li Xia said, the travel demand of the company's personnel is actually very large. The train tickets, plane tickets and car tickets that could not be deducted before can be deducted now. We have more input tax and the tax burden pressure is much smaller. According to the survey data of tax department, 45% of manufacturing taxpayers used the dividend of tax reduction to increase R & D investment in the first three quarters. The R & D expenses of 100000 key tax source enterprises monitored by the tax department in the first three quarters increased by 19.3% year-on-year, 3.4 percentage points higher than that in 2018. It is expected that the state and local governments will issue more detailed policies for high-tech enterprises, especially the help in financing, so that the company can do a better job in technology optimization and transformation, pay more attention to serving customers, have more energy to do well in products, and improve the market competitiveness of enterprises Li Xia said.

According to Cai Zili, since the implementation of the tax reduction and fee reduction policy, the tax department has made a preliminary analysis of the effect of the policy implementation while paying close attention to the implementation of the policy. The results show that the role of tax reduction and fee reduction in stabilizing economic development and stimulating innovation and Entrepreneurship is increasingly obvious: first, tax reduction and fee reduction take root and stabilize economic development expectations; second, R & D investment increases rapidly It has stimulated the vitality of scientific and technological innovation; the third is that the private economy enjoys a deep dividend, which strengthens the foundation for a better development; the fourth is that the improvement of residents' consumption ability has boosted the growth of social consumption; the fifth is that the vitality of market subjects has stimulated the stability of social employment; the sixth is that the export enterprises have benefited significantly and the operation pressure has been effectively relieved. Since the beginning of this year, in the process of implementing the detailed tax reduction and fee reduction policy, the tax authorities have launched a series of effective tax service measures to meet the needs of the standard taxpayers and payers, to solve the tax problems and create a good tax business environment for the taxpayers.

Fu Shulin, director of the tax publicity Center of the State Administration of Taxation, deputy director of the general office and press spokesman, said that according to the global business environment report 2020 released recently by the world bank, China has been listed in the top ten economies with the largest improvement in the global business environment for two consecutive years. Among them, the ranking of tax payment index has been improved in the previous two years. This year, it has been increased by 9 places again, achieving "three consecutive increases". On the one hand, China has introduced more large-scale tax reduction and fee reduction policies; on the other hand, China's tax authorities have made remarkable achievements in implementing tax reduction and fee reduction and continuously promoting tax facilitation reform. In order to implement the decision-making and deployment of the State Council on deepening the reform of "releasing management services" and optimizing the business environment, the State Administration of Taxation recently issued the announcement on further simplifying the procedures of tax administrative licensing.