Guangdong multidimensional releases policy dividends to promote high-quality development
"Top grid" reduction of various taxes and fees, to the maximum benefit of enterprises, from January to September realized a cumulative tax reduction of 252.04 billion yuan
Author: Generation Lan Lan Source: China Financial and Economic News Published: 2019-11-25
Since the beginning of this year, Guangdong Province has reduced taxes and fees in accordance with the highest standards authorized by the central government to allow it to float, make full use of various policy spaces, maximize benefits to enterprises, and have a significant effect of reducing burdens. From January to September, the province realized a cumulative tax reduction of 252.04 billion yuan, of which: a tax reduction of 213.07 billion yuan, a reduction of corporate administrative fees and government fund charges of 20.54 billion yuan, a reduction of social security premium rates and a reduction of 18.43 billion yuan in corporate contributions .
"Five Strengthening" Measures to Ensure the Implementation of Tax and Fee Reduction Policies
The Guangdong Provincial Party Committee and the Provincial Government attach great importance to the implementation of tax and fee reductions. The Provincial Party Committee and the Provincial Government executive meetings were respectively held for research and deployment. The province's various departments at all levels paid close attention to implementation and ensured tax reduction through "five strengthening" measures The fee reduction policy came into effect.
-Strengthen organizational leadership. The provincial level has established a joint meeting system for tax reduction and fee reduction to coordinate and coordinate the provincial tax reduction and fee reduction work. Twenty-one cities across the province have established a joint tax reduction or fee reduction meeting system or a tax reduction and reduction work leading group, and some have also established special working groups such as the joint discipline supervision work leadership group, and formulated work plans to implement " Flip chart operations. " Provincial financial departments at all levels have accordingly established tax reduction and reduction work leading groups to form a working mechanism at the first level and at every level to effectively ensure the implementation of tax and fee reduction policies.
——Strengthening work coordination. The finance and taxation departments have established a coordinated working mechanism, closely cooperated, strengthened policy pre-judgment and forward-looking research. After the promulgation of the central policy, it was quickly implemented in accordance with the principles of “faster than fast, lowering and lowering, and simpler and shorter”. On January 17 this year, the state issued a general tax reduction policy for small and micro enterprises, and Guangdong Province issued an implementation plan on January 25. On February 13, the Ministry of Finance, the State Administration of Taxation, and other departments issued information on further supporting autonomy. After the notice of the relevant tax policies concerning employment and retired soldiers' entrepreneurial employment and promotion of entrepreneurial employment of key groups, Guangdong proposed relevant measures on March 6. The above two policies were issued in the top five in the country.
——Strengthening publicity and guidance. The financial and taxation departments at all levels of the province carefully combed the various tax and fee reduction policies introduced by the state and the province in recent years to form a policy account, so that the tax and fee reduction policies were “in the know”; through news releases, media reports, and policy announcements, Also set up a column on the portal of the finance and taxation department, publish tweets in the public accounts of finance and taxation, and other forms to publicize and interpret the tax and fee reduction policies, and strive to be a household name and know everything.
——Strengthening investigation and supervision. Issued questionnaires and conducted field surveys to more than 60 enterprises to understand the implementation of tax reductions and fees and suggestions; jointly with the Provincial Committee Inspection Office, Provincial Government Inspection Office, and Provincial Taxation Bureau, etc. Joint investigation and supervision of fee reduction, comprehensive investigation and implementation of tax and fee reductions, and suggestions on the outstanding issues found; organize provincial financial departments at all levels to conduct self-examination and self-correction of tax and fee reductions, and organize development-related reforms to organize enterprise-related enterprises Toll collection, serious investigation and punishment of various violations of the law of financial brokerage, increasing the burden on enterprises, and harming the interests of the masses, and effectively address the problems of inaction, slowness, and disorder in the implementation of tax and fee reduction policies and measures. ".
——Strengthening overall planning of income and expenditure. Through measures such as revitalizing state-owned assets and increasing the budget stabilization adjustment fund, the Company raised funds through multiple channels to make up for the impact of the tax reduction and fee reduction policy; strictly controlled general expenditures and the “three public” expenditures, and seriously implemented the general Expenditure has been reduced by more than 5%, and the "three public" funds have been reduced by another 3%. The fiscal transfer payment has been strengthened. In 2019, provincial transfers and debt refinancing funds totaled 433.2 billion yuan, accounting for 71%. Among them, the general transfer payment accounted for 66%; strengthened the "three guarantees" ability of difficult areas and grass-roots governments, and took prompt measures at the provincial level to support areas with prominent contradictions in revenues and expenditures and tight treasury flows to promote the smooth operation of fiscal revenues and expenditures .
The effect of tax and fee reduction is obvious and the response is good
Since the beginning of this year, the central government has successively introduced a series of tax and fee reduction policies, and Guangdong Province has reduced taxes and fees in accordance with the highest standards authorized by the central government to allow them to float, maximizing the benefits for enterprises.
——The effect of reducing VAT reform is obvious. From January to September, the value-added tax reform was deepened by 88.66 billion yuan. Among them, reductions in value-added tax rates (from 17% and 11% to 16% and 10%, respectively), and unified small-scale taxpayer standards were added. The tax was 13.71 billion yuan; the 16% VAT rate for manufacturing and other industries was reduced to 13%, and the 10% tax rate for industries such as transportation and construction was reduced to 9%, and the scope of input deduction was further expanded to deepen the VAT reform and its subsidies. The total tax reduction of urban maintenance and construction tax, education surcharge, and local education surcharge is 74.95 billion yuan.
——The tax reform dividends are fully released. From January to September, 68.33 billion yuan of tax reduction was added to the personal income tax reform. In terms of deductions, the province's three additional deductions for the elderly, children's education, and housing loan interest accounted for the top 3, and the cumulative number of people who received the additional deductions for the elderly and children's education accounted for more than 70%. .
——The tax reduction policy for small and micro enterprises is inclusive. From January to September, the inclusive policies for small and micro enterprises have cumulatively increased tax reduction by 20 billion yuan. Among them, relaxing the standard for small and small-profit enterprises, increasing the preferential tax for corporate income tax, and reducing tax reduction by 8.84 billion yuan; 4.27 billion yuan.
——The burden of corporate social insurance premiums has been reduced. Implement the unemployment insurance floating rate system, and do a good job of the unemployment insurance fund to promote vocational skills improvement; eligible prefecture-level cities will gradually reduce the rate of payment of basic medical insurance employers by at least 0.5 percentage points; On the basis of the full implementation of the floating rate for work-related injury insurance, the premium rate was gradually reduced, and the average rate across the province dropped by about 30%. From January to September, the social security premium rate was reduced to reduce enterprise contributions by 18.43 billion yuan.
——Reduction of government funds and administrative fees. Strictly implement the central government's various fee reduction policies, and at the same time actively study and introduce fee reduction measures in accordance with the actual situation of the province, and reduce the construction cost of cultural undertakings attributable to local income in accordance with 50% of the payment amount of the obligor. From January to September, the province reduced the burden of corporate administrative fees and government fund fees by 20.54 billion yuan.
The policy effects are superimposed and effectively stimulate the vitality of economic development
Judging from the actual results, the larger-scale tax and fee reductions implemented this year involve a wide range and unprecedented intensity, and have played a positive role in stimulating the vitality of market players and promoting economic growth. In terms of industries, the real economy and productive services benefited the most. New tax reductions in four major industries, including manufacturing, wholesale and retail, construction and leasing business services, accounted for nearly 80% of the total new tax reductions, providing funds and incentives for R & D and technological transformation of real economy enterprises. From the perspective of enterprise types, private enterprises and small and micro enterprises have benefited significantly. According to statistics, new tax reductions by private enterprises and individual industrial and commercial households in the province accounted for more than 3/4 of the total new tax reductions; private enterprises and individual industrial and commercial households' small and micro enterprises inclusive policies for new tax reductions accounted for 88.5%; And individual industrial and commercial households accounted for 68.5% of new tax reductions due to the unified VAT small-scale taxpayer standards and reduction of VAT rates. According to data from the provincial statistics department, in the first three quarters, Guangdong ’s consumer goods market has grown steadily, and total retail sales of social consumer goods have increased by 7.8%. , Private industry increased by 7.1% year-on-year.
——Small and micro enterprises have benefited significantly. The dividends of the inclusive tax reduction policy for small and micro enterprises have a multiplier effect on small and micro enterprises, boosting corporate confidence, alleviating the "growth troubles" of enterprises, and expanding the scope of SME development. For example, a pharmaceutical technology company estimates that the tax payable this year will be close to 1 million yuan. According to the inclusive tax reduction policy for small and micro enterprises, the actual corporate income tax rate of the company is 5%, which is significantly lower than the same period last year. At the same time, after the VAT reform, an additional 10% input tax credit can be added each year, further reducing the burden on enterprises. A certain Guangzhou Information Technology Co., Ltd. expects a tax reduction of 32% this year, which greatly reduces the pressure on enterprises' funds and increases the investment in product research and development and the introduction of scientific research personnel.
——The vitality of the real economy such as manufacturing is effectively stimulated. The deepening of the value-added tax reform has brought tangible burden-reducing effects to market players, allowing enterprises to enter the market in light competition, pay more attention to new economic areas such as intelligence and digitalization, promote transformation and upgrading, and further achieve high-quality economic development. GAC Group has benefited from the tax and fee reduction policies in 2019, especially the decline in the value-added tax rate. It is expected that the entire group will reduce taxes by 2 billion to 3 billion yuan. The company said that the tax cut bonus will directly benefit consumers and give people a real sense of gain. The Midea Group can reduce its VAT rate by only one tax reduction policy, which can reduce the overall tax by about 1.8 billion yuan, and reduce the export tax rebate by 800 million yuan. After the two are offset, the annual tax reduction is expected to be 1 billion yuan. Libai Group, a large domestic chemical company, is expected to reduce taxes by 66 million yuan for the whole year.
-Reform dividends boost consumer confidence. The personal income tax reform concerns every taxpayer and every family, and reflects the inclusiveness and particularity of the policy. The precise drop of tax reduction red envelopes will stimulate the potential of residents' willingness to consume and boost consumer confidence. For example, since October 2018, more than 2,000 employees of a courier company have paid a monthly tax reduction of about 400,000 yuan. After the implementation of six special additional deduction policies in January 2019, monthly tax payment has decreased by nearly 200,000 yuan. From October 2018 to February 2019, the amount of personal income tax withheld by the company decreased by RMB 256,660, a year-on-year decrease of 49.58%.