Many measures have been taken to reduce the burden of small and medium-sized enterprises

category:Finance
 Many measures have been taken to reduce the burden of small and medium-sized enterprises


On the evening of February 2, Suzhou took the lead in issuing the load reduction policy for small and medium-sized enterprises. The implementation period of the policy is tentatively three months from the date of the policy release. In addition to increasing financial support, small and medium-sized enterprises that are affected by the epidemic situation and are faced with temporary production and operation difficulties and are indeed unable to pay social insurance premiums in full may, upon approval according to the regulations, suspend the payment of endowment insurance, unemployment insurance and work-related injury insurance premiums for up to six months.

In terms of reducing the burden on enterprises, enterprises that have special difficulties and are unable to pay taxes on schedule may apply for a postponement of tax payment for up to three months.

For example, on February 3, Beijing issued 19 measures, emphasizing that enterprises with temporary difficulties but promising development due to the impact of the epidemic will not be loaned, continuously loaned or pressured. For enterprises with greater impact, the collection period of social insurance premiums payable during the impact of the epidemic can be extended to the end of July.

In addition, Ningbo took the lead in introducing a temporary down floating social insurance rate policy. Jiangxi and other places also mentioned reducing rent for enterprises. For enterprises that rent state-owned assets for production and operation, the rent for one month is exempted and the rent for two months is halved. In case of renting other business houses, the owners are encouraged to reduce the rent for the tenants, which shall be solved by both parties through consultation.

Multi department documents focus on business difficulties

In the face of the new coronavirus infection of pneumonia, many departments issued a notice on the relevant issues of business operation.

On January 30, the Circular of the State Administration of Taxation pointed out that for taxpayers and withholding agents who declare monthly, the statutory declaration and tax payment period in February 2020 will be extended nationwide to February 24, and Hubei and other areas with serious epidemic situation can be extended as appropriate. If it is still difficult to handle after the tax declaration period is extended in February 2020, further extension can be applied for according to law.

On the same day, the Ministry of human resources and social security also issued a notice saying that the insured enterprises and individuals are allowed to postpone the processing of business. Due to the impact of the epidemic, the employing unit should handle the insurance registration, payment and other businesses of employees within the time limit, and the handling agency should accept them in time.

On February 1, the central bank, together with the banking and Insurance Regulatory Commission and other five departments jointly issued the notice on further strengthening financial support to prevent and control the new coronavirus infection of pneumonia, proposing to strengthen credit support for small and micro enterprises, private enterprises and other key areas. Pan Gongsheng, vice president of the peoples Bank of China and director of the foreign exchange bureau, pointed out in an interview with the media that for wholesale and retail, accommodation and catering, logistics and transportation, cultural tourism and other industries greatly affected by the epidemic, as well as enterprises with development prospects but temporary difficulties affected by the epidemic, especially small and micro enterprises, all financial institutions should not blindly withdraw, cut off or squeeze loans.

It is worth noting that on February 3, after the central bank launched an open market operation and invested 1.2 trillion yuan, another 500 billion yuan was invested on February 4, with a total of 1.7 trillion yuan invested in two days.

In addition, at the executive meeting of the State Council held on February 5, it was decided to launch a number of fiscal, tax and financial policies to support the supply guarantee on the basis of the measures already taken in the early stage for epidemic prevention and control. The meeting decided to make good use of the special re loan policy, support the bank to provide preferential interest rate loans to key enterprises including small and micro enterprises that produce, transport and sell key medical control materials and necessities, and the finance will give another half of the discount interest to ensure that the enterprise loan interest rate is less than 1.6%.

How can small and medium-sized enterprises overcome difficulties?

Wuhan epidemic is the biggest black swan incident in the beginning of 2020, which will expose the enterprises business risk in an instant. For the majority of small and medium-sized enterprises, only to survive is the king. Gao Song, director of China action learning research center. At present, local governments are working hard to introduce policies to support small and medium-sized enterprises, even faster than the speed of public opinion recommendations, and more targeted. Zhao Xiangyang, an associate professor at the school of economics and management of Beijing Normal University, said that small and medium-sized enterprises must make full use of all policies. It is suggested that a special person be appointed to study government policies and make full use of them. Wang Yonggui, vice president of the Capital University of economics and trade, suggested that small and medium-sized enterprises should make full use of the advantages of turning around, fully tap and take advantage of the new opportunities emerging in the market related to epidemic prevention and control, seek and create market opportunities in new business areas, and find a new blue ocean or new niche market. Source: surging news editor: Chen Hequn, nb12679

Wuhan epidemic is the biggest black swan incident in the beginning of 2020, which will expose the enterprises business risk in an instant. For the majority of small and medium-sized enterprises, only to survive is the king. Gao Song, director of China action learning research center.

At present, local governments are working hard to introduce policies to support small and medium-sized enterprises, even faster than the speed of public opinion recommendations, and more targeted. Zhao Xiangyang, an associate professor at the school of economics and management of Beijing Normal University, said that small and medium-sized enterprises must make full use of all policies. It is suggested that a special person be appointed to study government policies and make full use of them.

Wang Yonggui, vice president of the Capital University of economics and trade, suggested that small and medium-sized enterprises should make full use of the advantages of turning around, fully tap and take advantage of the new opportunities emerging in the market related to epidemic prevention and control, seek and create market opportunities in new business areas, and find a new blue ocean or new niche market.