The first shot of tax reduction and fee reduction in manufacturing industry is expected to reduce costs by more than 100 billion yuan in the whole year

category:Finance
 The first shot of tax reduction and fee reduction in manufacturing industry is expected to reduce costs by more than 100 billion yuan in the whole year


Moderator Mi Di: the executive meeting of the State Council held on January 3 determined measures to promote stable growth of the manufacturing industry. Today, we interviewed experts and scholars on tax reduction and fee reduction in manufacturing industry, opening up of manufacturing industry, financing of manufacturing industry, etc.

Bao Xingan, reporter of our newspaper

At the beginning of the new year, tax reduction and fee reduction in the manufacturing industry made the first shot. According to experts estimates, the total scale of reducing the cost of electricity consumption in manufacturing industry and the telecom tariff of enterprises will exceed 100 billion yuan.

On January 3, the executive meeting of the State Council decided on measures to promote stable growth of the manufacturing industry and a basic plan to stabilize economic development. The meeting pointed out that we should vigorously improve the business environment and continue to implement tax reduction and fee reduction measures focusing on the manufacturing industry. We will push forward the reduction of the cost of electricity used by manufacturing industries and the telecommunications charges of enterprises, and open all industrial enterprises above Designated Size to participate in electricity market-oriented transactions.

Zhang Yiqun, vice chairman of China budget performance Committee, told the Securities Daily that continuing to implement the tax reduction and fee reduction policy focusing on manufacturing industry will further reduce the tax burden of enterprises and bring more benefits to manufacturing enterprises. On the other hand, the tax reduction and fee reduction also has the function of structural adjustment, which is conducive to guiding enterprises to increase investment in technology research and development and promote manufacturing The industry realizes transformation and development, and then drives the upgrading of the overall industrial structure.

In 2019, a series of tax reduction and fee reduction policies, such as deepening the reform of value-added tax, effectively stimulated the confidence and innovation of enterprises.

Liu Kun, Minister of finance, said that in the first 10 months of 2019, tax reduction and fee reduction across the country reached 1968.894 billion yuan. Among them, from April to October, the vat of manufacturing and wholesale industries was reduced by 459.883 billion yuan, a 25.7% reduction.

Ding Zhenyu, senior investment adviser of Jufeng investment consulting, told Securities Daily that at present, the VAT rate of Chinas manufacturing industry has been reduced to 13%, and there is still room for reduction. Manufacturing industry plays an important role in the national economy. Tax reduction and fee reduction for manufacturing industry can play an important role in the economic stabilization.

The government work report in 2019 proposes to promote the reduction of enterprise related charges through reform. We will deepen the market-oriented reform of electric power, clear up additional charges for electricity prices, reduce the cost of electricity used by manufacturing industries, and reduce the average industrial and commercial electricity prices by another 10%.

Recently, according to the data released by the State Grid, in 2018, the State Grid overfulfilled the goal of reducing the general industrial and commercial electricity price by 10%, reducing the customers electricity cost by 91.5 billion yuan; in 2019, the State Grid fully completed the task of reducing the average industrial and commercial electricity price by another 10%, reducing the users cost burden by 64.1 billion yuan. In two years, the total amount of reduction reached 155.6 billion yuan.

In 2019, the state also determined to reduce mobile network traffic and broadband charges of small and medium-sized enterprises by about 180 billion yuan in the whole year.

Further promoting manufacturing industry to reduce electricity consumption and telecommunication tariff is an important aspect for manufacturing enterprises to reduce operating costs, said Liu Xiangdong. If in the past, industrial and commercial enterprises reduced the scale of electricity consumption by 80 billion yuan to 100 billion yuan, and the scale of electricity consumption occupied by manufacturing industry was about 60%, it is expected to reduce the scale of electricity consumption by about 50 billion yuan to 60 billion yuan; if in 2019, the scale of telecommunication tariff reduction is about With 180 billion yuan, manufacturing enterprises account for one third of users, and the cost of reducing telecommunication tariff can reach 60 billion yuan.

Zhang Yiqun said that at present, the tax reduction for the manufacturing industry has reached a certain scale, and the next step should focus on reducing fees, especially for industries with obvious monopoly such as electricity, telecommunications and transportation, so as to further stimulate the growth potential and vitality of the manufacturing industry. In addition, we should start with the establishment of market mechanism and free and fair competition, so as to form a stable mechanism for tax reduction and fee reduction.

Source: responsible editor of Securities Daily: Yang qian_nf4425