Home > News > Content

Manufacturing Must Look! A New Round Of Tax Cuts Is On The Way

Jan 31, 2018

Experts expect this year to continue unabated, with manufacturing tax cuts focused.

This year, with supply-side structural reform continuing to advance further, tax cuts will undoubtedly remain an important part of the "cost of health".A new round of tax cuts is already in the pipeline, from central to local.Recently, the ministry of finance, the national development and reform commission and other four departments jointly issued the notice of administrative fees such as the suspension of sewage charges, and fired the "first shot" of this year's tax reduction.At the same time, shaanxi and other places have begun to prepare a new round of measures to reduce the burden of corporate tax, among which the real economy, especially the high-tech manufacturing enterprises, has become the focus of tax reduction.Industry experts predict that tax cuts will continue to cost "health costs" this year, and the overall strength is not expected to be reduced compared to last year.

Recently, the ministry of finance, national development and reform commission (NDRC), environmental protection, the state oceanic administration jointly issued by the "about stop discharge and other administrative fees related matters notice said that since January 1, 2018, a nationwide unified stop discharge sewage discharge and ocean engineering.This year, China's tax cuts have hit the "first shot".

A new round of tax cuts at the local level has also begun to study the deployment of policies to continue to lighten the burden on businesses.

For example, shaanxi province recently issued the "opinions on supporting the development of several fiscal and tax measures for the real economy".According to the departments in Shanxi Province, the policy of the 30, reduce the burden of taxes and fees, supports the multi-channel financing in put forward the concrete support policy, policy execution for 3 years in a row, real burden for the enterprise.

In addition, Shanghai, statistics show that, through continuous clear specification, non-tax income proportion of Shanghai general public budget income, from 12% in 2015 fell to 11.5% in 2017, more than 3 years in a row below the national average of 10%.Shanghai has also raised the prospect of a further reduction in the proportion of non-taxable income from the general public budget to the single digits by 2020.

It is understood that in 2017, the cumulative burden for the enterprise of guangdong province more than 260 billion yuan, 2018 will continue to intensify efforts to support the creation of modern economic system, to study and put forward a new cost reduction measures, to the real economy enterprises to reduce costs, support the upgrading of the manufacturing industry.

The national financial work conference, this year we will continue to implement tax cuts JiangFei, easing the burden on enterprises, further improve the charge fund project dynamic management mechanism and chaos report investigate complaints mechanism, prevent the rebound charging projects.

The national tax work conference also noted that the tax cuts should be implemented this year.The tax authorities must not discount the tax cuts in half.We will further promote entrepreneurship and innovation through the release of tax policy dividends, foster new drivers of growth, and better stimulate market vitality and social creativity.

The industry pointed out that the focus of this year's tax cuts is still on the real economy, especially in the advanced manufacturing sector, which is expected to receive key tax cuts.Further clean-up of unreasonable fees, as well as a sound system to prevent a fee recovery will also be the focus.

The reporter understands from the state administration of taxation, besides will implement all the tax cuts, tax authorities will continue to optimize the tax business environment, pays special attention to the field of tax "pipes" reform further.We will continue to implement the 30 measures to optimize the tax environment, and do a good job in optimizing the business environment.5 years in a row to carry out tax spring breeze action "convenient", to further promote the facilitation of tax service, prepare the tax item list "up to run a" and "do" the entire online listing, continue to clean up for taxpayers to submit the tax-related information and upgrade shall be on the net, to further strengthen cooperation duty land tax, etc.