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Home > News > Valuable News > Annual accumulative tax reduction and fee reduction over 2 trillion

Annual accumulative tax reduction and fee reduction over 2 trillion

ECHEMI 2020-01-20

On January 6, the national tax working conference was held in Beijing. The meeting summarized the work in 2019, studied and strengthened tax governance to promote the modernization of tax in the new era, and deployed the tasks in 2020. It was pointed out at the meeting that in 2019, the accumulated tax reduction and fee reduction of the whole country exceeded 2 trillion yuan, accounting for more than 2% of the GDP, driving the GDP growth of the whole year by about 0.8 percentage points, and the tax burden of all industries decreased to varying degrees, effectively stimulating the vitality of market entities and enhancing the confidence of economic development.

 

The meeting requested that, in 2020, we should make overall plans to reduce taxes and fees and organize tax revenue, continue to optimize the tax business environment, further improve the efficiency of Tax Governance, enhance the international influence of China's tax, promote the modernization of tax in the new era, improve quality and efficiency in an all-round way, and better play the basic, pillar and guarantee role of tax in national governance, so as to ensure the building of a moderately prosperous society in an all-round way The society and the 13th five year plan came to a successful end and made new and greater contributions. Last year, the tax revenue increased by 1.8% year on year, and in 2019, a larger scale of tax reduction and fee reduction was implemented, achieving remarkable results. It was pointed out at the meeting that the national tax system made it a major political task to ensure that the policies and measures for tax reduction and fee reduction took root, and made every effort to win the battle of tax reduction and fee reduction.

 

In 2019, the cumulative increase of tax reduction and fee reduction in the whole country exceeded 2 trillion yuan, accounting for more than 2% of GDP, driving the GDP growth of the whole year by about 0.8 percentage points, and the tax burden of all industries decreased to varying degrees, effectively stimulating the vitality of the market main body and enhancing the confidence of economic development. Especially after deepening the VAT reform, the monthly net increase of 88800 ordinary taxpayers was nearly twice that before the reform. In addition, the realization of tax revenue is stable in quantity and excellent in quality. The tax department shall strictly implement the principle of organizing tax revenue according to law, not only reduce the tax to be reduced in place without any deduction, but also collect the tax to be reduced in place according to law and regulations, strictly abide by the discipline bottom line of "no excessive tax" and ensure that the tax revenue can achieve the growth without water. In 2019, the national tax authorities organized tax revenue of 18.3 trillion yuan, including 14 trillion yuan of tax revenue (deducted export tax rebate), an increase of 1.8% year-on-year; and 1574 billion yuan of export tax rebate, an increase of 4.8%, which strongly supported the export of foreign trade. In recent years, the tax authorities have continued to optimize tax services.

 

2019 is the sixth year in a row to carry out the "spring breeze action of facilitating people's tax collection" and launch a series of facilitation measures. According to the meeting, the tax department launched 36 tax payment measures for the convenience of the people in four batches, issued and implemented the new "tax collection and management operation specifications" and "tax service specifications", increased the proportion of tax cancellation exemption and immediate handling by 13 percentage points, reaching more than 85%, and the number of paperless tax refund declaration households and tax amount accounted for more than 90%. We will comprehensively build a public service platform for value-added tax e-invoice, and deepen the "bank tax interaction" to help small and micro enterprises alleviate financing difficulties. The reporter noted that according to the statistics of the tax department, from the beginning of 2015 to the end of September 2019, the national banking financial institutions have granted 1.699 million loans and 1.57 trillion yuan to trustworthy small and micro enterprises.

 

In the first three quarters of 2019 alone, 690000 loans and 393.9 billion yuan have been granted to trustworthy small and micro enterprises, up 157.5% and 18.6% respectively compared with the same period of 2018. In terms of business environment, it was pointed out that the survey results of taxpayer satisfaction conducted by the third-party institutions showed that the score of taxpayer satisfaction in 2019 was 1.4 points higher than that of the previous year; the ranking of China's tax indicators in the world bank business environment assessment achieved new improvement for three consecutive years. What are the key tax works in 2020 that do not exceed the red line of "excessive taxes"? The meeting stressed that we should make overall efforts to reduce taxes and fees and organize tax revenue, and actively promote the "six stability" and high-quality development. We need to consolidate and expand the results of tax reduction and fee reduction with more solid measures and greater efforts, further improve the quality of implementation, pool the efforts of implementation, strengthen the effectiveness of implementation, and make taxpayers and payers have more sense of access.

 

Strictly adhere to the working principle of organizational income, collect taxes according to laws and regulations, actively cultivate tax sources, support the development and growth of private enterprises, resolutely do not exceed the red line of "excessive taxes", resolutely crack down on false tax fraud in accordance with laws, and strive to achieve both quality and quantity of organizational tax income. We will strive to improve the quality of tax payment services and continue to optimize the tax business environment. We will thoroughly implement the regulations on the optimization of business environment, comprehensively establish a system of "good and bad assessment" for government services, and provide more convenient tax services for enterprises and the masses. We will continue to deepen the reform of the tax system's "management service" and implement the five-year work plan for optimizing the business environment. We will carry out the seventh year's "spring wind action for the convenience of the people in tax administration", optimize the invoice service mode, improve the efficiency of tax administration and payment, strengthen the protection of rights and interests, and promote greater changes in the tax business environment. Deepening international tax cooperation is also one of the key areas of tax work in 2020. The conference calls for further playing the role of tax functions, better serving the "one belt and one road" construction, and more actively participating in international tax rules making and exchanges and cooperation, and more vigorously supporting "going global" and "bringing in", promoting wider open wider scope and wider fields, and better contributing to China's wisdom and showing Chinese style in the field of international taxation.

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

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