Regular Briefing on State Council Policy
The Central Economic Work Conference made it clear that proactive fiscal policies should be strengthened to improve efficiency. Recently, the State Council held an executive meeting to study, optimize and improve some phased preferential tax and fee policies. On March 31, the State Council Information Office held a regular briefing on the State Council's policies. Relevant persons in charge of the Ministry of Finance, the State Administration of Taxation, and the Ministry of Human Resources and Social Security introduced the optimization and improvement of some phased preferential tax and fee policies. Let's see together——
Q1
Q: How much tax relief can the announced tax incentives bring to enterprises?
A: The policy of tax reduction and fee reduction is an important part of the proactive fiscal policy. According to the decision-making arrangements of the Party Central Committee and the State Council, in order to maintain the continuity and stability of the policy and avoid policy interruptions and sharp turns, the Ministry of Finance has clearly continued with relevant departments. And optimize the implementation of some preferential tax policies. The continuation and optimization of the six phased tax and fee preferential policies is expected to reduce the burden on enterprises and business entities by more than 480 billion yuan per year.
Q2
Q: How to better support the development of small and micro enterprises and individual industrial and commercial households in this year's tax policy?
A: In January this year, according to the deployment of the State Council, the Ministry of Finance, together with relevant departments, clarified the relevant preferential policies for value-added tax for small-scale taxpayers. The policies and measures to support small and micro enterprises and individual industrial and commercial households this year mainly include the following:
The first is to optimize and improve the income tax policies for small and micro enterprises and individual industrial and commercial households. From January 1, 2023 to December 31, 2024, for small and micro enterprises whose annual taxable income does not exceed 1 million yuan, a 25% reduction will be included in the taxable income, and the tax rate will be 20%. Income tax, maintain the cohesion and coordination of relevant preferential policies, and at the same time, the part of individual industrial and commercial households whose annual taxable income does not exceed 1 million yuan will be levied at half of the personal income tax on the basis of the current preferential policies.
The second is to reduce the value-added tax collection rate for small-scale taxpayers to 1%.
The third is to exempt small-scale taxpayers with monthly sales of 100,000 yuan or less from value-added tax.
The fourth is to implement a 5% and 10% value-added tax deduction for taxpayers in the production and living service industries.
The above policies will form synergies with other existing policies supporting small and micro enterprises and individual industrial and commercial households.
Q3
Q: Continue to reduce unemployment insurance and work-related injury insurance premium rates in stages. How to ensure that business entities generally benefit?
A: By embedding the levy ratio into the information system, all localities basically realize the "direct exchange and direct transfer" of the reduction rate. Enterprises do not need to apply and enjoy the policy at zero cost. The continuation of the rate reduction rate is expected to reduce the average annual burden of about 180 billion yuan, regardless of the nature of the enterprise, regardless of the industry, and various business entities including small, medium and micro enterprises and individual industrial and commercial households will generally benefit. By reducing unemployment and work-related injury insurance premiums, it helps companies reduce labor costs and actively supports companies in their development.
Q4
Q: What are the considerations for increasing the pre-tax super deduction ratio of R&D expenses for enterprises in eligible industries from 75% to 100%?
A: On March 24, the executive meeting of the State Council decided to increase the pre-tax deduction ratio of R&D expenses of eligible enterprises from 75% to 100%. , which is consistent with the super deduction policy for R&D expenses of manufacturing and technology-based SMEs, which further increases support for technological innovation and is conducive to continuously stimulating the innovation vitality of business entities; on the other hand, this policy is implemented as an institutional arrangement for a long time , there is no implementation deadline, which is conducive to stabilizing the expectations of business entities and boosting the confidence of enterprises in innovation and development.
Q5
Q: What are the preferential policies for employment security funds for the disabled that continue to be implemented?
A: According to the arrangement of the executive meeting of the State Council, the extended preferential policy this time is to continue to reduce or exempt the employment security fund for the disabled. The Ministry of Finance has issued an announcement specifying the continued implementation of the preferential policy on employment security funds for the disabled, mainly in the following two aspects:
The first is to continue to implement the policy of reducing the payment of employment security funds for disabled people in different stages. Among them, if the proportion of employment arrangements for disabled persons reached 1% (included) by the employer, but does not reach the ratio specified by the people's government of the province, autonomous region, or municipality directly under the Central Government where the employer is located, the fee shall be paid in accordance with the regulations. 50% of the amount is paid to the Employment Security Fund for Disabled Persons. If the employing unit employs less than 1% of the disabled, it must pay 90% of the stipulated payable amount to the Employment Security Fund for the Disabled. Therefore, preferential policies are implemented in stages according to the proportion of disabled persons employed by employers, with the purpose of encouraging more disabled persons to be employed.
