China is expected to increase tax reductions by 1.2 trillion yuan this year

China is expected to increase tax, reduction and fee reduction of 1.2 trillion yuan (RMB, the same below, about S $ 232 billion) throughout the year.

According to the surging news report, a press conference held on Thursday (April 6) of the State Council of the State Council.Wang Daoshu, deputy director of the State Administration of Taxation, said at the meeting that it is expected that the annual annual increase of tax reduction and reduction fee is 1.2 trillion yuan. In addition100 million yuan.

Wang Daoshu said that preferential taxes and fees are still an important part of fiscal policy. Since the beginning of this year, in accordance with the deployment of the Central Committee of the Communist Party of China and the State Council, the fiscal and taxation departments have released two batches of taxes and fees that continue and optimize implementation.Preferential policies.

He continued, overall, there are three characteristics of these tax and fees preferential policies: First, highlighting continuity, the continuity continues.For example, continue the implementation of the implementation of the implementation of logistics enterprises' commodity storage land for half, levying the implementation of urban land use taxes and other policies with good social expectations and high social expectations, and timely stabilize social expectations.The second is to highlight accuracy, optimize the optimization, and optimize the implementation of small -scale taxpayers to reduce value -added tax, small and micro enterprises, and individual industrial and commercial households to reduce income tax; third, highlight the institutionality, this innovation innovation.The proportion of deductions for enterprise R & D expenses increases from 75%to 100%, and is implemented as an institutional arrangement for a long time, further creating a good tax environment for inspiring enterprise innovation investment.

He said, at the same time, the orderly exit of some temporary arrangements and the expected results of the expected results will not only promote the standards of the tax and fees policy system, but also strengthen the tax system that is conducive to fair competition.