In 2021, taxes and fees will be cut by about 1.1 trillion yuan

2022-06-18 0 By

Wang Daosu, deputy director of the State Administration of Taxation (SAT), said on Monday that in 2021, some 1.1 trillion yuan of new taxes and fees will be cut, 216.2 billion yuan of taxes will be deferred for micro, small and medium-sized enterprises in the manufacturing sector, and 27.1 billion yuan of taxes will be deferred for coal, power and heating enterprises.Tax cuts and fee cuts have been implemented with notable results, effectively stimulating the vitality of market entities, Wang said at a press conference.In 2021, 13.26 million tax-related market entities were newly established nationwide, up 15.9 percent year-on-year and 12.9 percent on average over the past two years.The number of general VAT taxpayers reached 12.381 million by the end of 2021, an increase of 1.109 million over the figure at the end of 2020.CAI Zili, director of the Revenue Planning and Accounting Department of the State Administration of Taxation, said that in 2021, 295.1 billion yuan will be added to the tax reduction for supporting the development of small and micro enterprises, and 333.3 billion yuan will be deducted for r&d expenses in advance, further reducing the r&d costs of enterprises and enhancing their innovation momentum.In addition, the tax authorities, together with the human resources and social security departments, actively implemented policies to reduce the premiums for unemployment insurance and work-related injury insurance for a period of time, and reduced fees by an additional 150.4 billion yuan over the year, effectively reducing the burden of social security contributions on enterprises.”The convenience of tax payment has also been further improved.”Huang Yun, spokesman for the State Administration of Taxation, said that in 2021, China’s tax system launched 100 measures to facilitate tax payment in 10 categories, and all of them have been implemented.Tax authorities continue to expand the scope of “contactless” tax handling and payment, realizing that 90% of tax-related matters and 99% of tax declaration can be handled online, and enterprises’ social security payment “online” and individuals’ social security payment “handheld”.CAI zili said that in 2022, the country will implement a combination of large-scale tax and fee reduction policies, focusing on supporting the development of micro, small and medium-sized enterprises, individual businesses and manufacturing.Tax authorities will further improve the policy labeling system according to the newly released preferential tax policies, accurately screen taxpayers eligible for preferential policies to pay fees, timely and accurate push, to ensure that all preferential tax policies take root.Disclaimer: The above content is transferred from other media, the relevant information is only for the purpose of conveying more information, does not represent the views of this website, nor does it mean that this website agrees with its views or confirms the authenticity of the content.If the manuscript copyright units or individuals do not want to be published in this network, you can contact this network, this network can be immediately removed according to the situation.