This not only directly affects the employment and income of individual businesses, but also affects the normal operation of society. Individual businesses can be said to be the capillaries that maintain social operation, and we need to make these blood vessels smooth and active as soon as possible, Li said
Li Keqiang made it clear that the central and local governments should work together to support the majority of individual businesses in the prevention and control of the epidemic, speed up the resumption of work and help them to tide over the difficulties.
The meeting on the same day confirmed that, first, from March 1 to the end of May, the vat of small-scale taxpayers in Hubei Province will be exempted, and the collection rate in other regions will be reduced from 3% to 1%. Second, if the individual industrial and commercial households have the endowment insurance, unemployment insurance and work-related injury insurance for the employees of the insured enterprises according to the unit, the small and medium-sized micro enterprises shall enjoy the relief policy. Third, guide financial institutions to increase the issuance of low interest loans and provide targeted support to individual businesses. Fourth, we will effectively implement the policy of further reducing industrial and commercial electricity prices by 5% in stages, except for high energy consuming industries. Fifth, encourage local governments to support lessors to reduce and remit property rents for individual industrial and commercial households by reducing and exempting urban land use taxes.