The reduction of income tax and the timely arrival of tax refunds is a direct cash flow injection for us, which has injected sufficient power for us to get through difficulties smoothly and achieve new development, and further accelerated the pace of scientific and technological research and development. The companys responsible person said that under the support of national policies, tax incentives awesome, tax rebate to account quickly, and enterprise funds are sufficient. In the first quarter, the companys performance has been in a strong trend of growth, and sales revenue has reached 427 million yuan, up 18.30% over the same period. In recent months, the production efficiency of enterprises has reached or even far exceeded the level of the same period last year.
The support of real gold and silver has effectively reduced the financial pressure of enterprises and boosted their confidence in development. According to the person in charge of Hebei aorun Shunda window industry Co., Ltd., aorun Shunda formally resumed production in March and basically recovered to the production and operation level before the epidemic in April. From February to June, the company shared 3.4898 million yuan of tax deduction and social security expenses.
The dividend of tax reduction and fee reduction is appearing more and more, and the tax reduction data disclosed recently echoes the intuitive feelings of enterprises. According to data released on June 19 in Shanxi Province, a total of 6.378 billion yuan of tax reduction and fee reduction has been added in Shanxi Province. In addition, it is estimated that by reducing the VAT collection rate of small-scale taxpayers and raising the threshold standard, the annual tax reduction is expected to be 2 billion yuan, and nearly 100000 enterprises and individual businesses will enjoy preferential policies directly.
According to data from Hebei provincial taxation bureau, from January to May this year, the tax authorities of Hebei Province handled a total of 45.75 billion yuan of new tax reductions and fees reductions. Among them, the implementation of the relevant preferential policies to help small and micro enterprises and individual industrial and commercial households get through the difficulties has benefited 1096000 taxpayers; the implementation of the relevant preferential policies to reduce the burden of social security premiums of enterprises has benefited 135000 enterprises and individuals.
Nationwide, according to the data of the State Administration of Taxation, from January to April this year, a total of 906.6 billion yuan of tax reduction and fee reduction has been added, including 485.7 billion yuan of tax reduction and fee reduction in the preferential policies issued this year to support epidemic prevention and control and economic and social development.
From February to April, Ali Research Institute and China family finance survey and research center of Southwest University of Finance and economics sent online questionnaires to small and medium-sized enterprises on Taobao and tmall platforms for three consecutive months to investigate the impact, difficulties and challenges of the epidemic on the operation of enterprises on the platform. Survey data shows that the most obvious policy for SMEs is tax relief.
On the basis of the massive tax reduction of 2.36 trillion yuan last year, China will continue to implement the policy of tax reduction and fee reduction this year. According to this years government work report, it is expected to reduce the burden on enterprises by more than 2.5 trillion yuan in the whole year. On June 17, the executive meeting of the State Council stressed that accelerating the implementation of the policy of reducing fees has achieved results, reducing the burden for the market main body. Several previous executive meetings of the State Council also made a series of specific plans to effectively implement tax reduction and fee reduction.
These policies focus on hedging the business difficulties of enterprises, and focus on reducing the tax burden of small and medium-sized micro enterprises, individual businesses and enterprises in difficult industries through institutional arrangements and phased policies.
Zhang Lianqi, member of the accounting standards strategic committee of the Ministry of Finance and vice president of China taxation society, pointed out that in recent years, the tax reduction measures introduced in China are systematic and sustainable, such as value-added tax reform, enterprise income tax reform, etc., which have a great cumulative effect, and enterprise burden reduction will become more and more obvious. On this basis, the introduction of the new policy will bring more tax reduction dividends to enterprises.
With a large number of small and micro enterprises, a wide coverage and a large number of employees, it is very important to ensure that small and micro enterprises can survive the difficulties. Li Xuhong, director of the Institute of Finance and taxation policy and application of Beijing National Accounting Institute, said that at the beginning of the epidemic, China had timely introduced a package of policies to support small and micro enterprises, which directly cut into the practical difficulties of small and micro enterprises. For example, reducing social insurance can alleviate the problem of high labor costs; bank tax interaction can alleviate the weak financial strength of small and micro enterprises without asset mortgage In addition, the reduction of value-added tax can reduce the operating cost of enterprises and help enterprises return to work as soon as possible.
Tax reduction and fee reduction are like a long stream of water, which can fundamentally optimize the tax business environment and form a positive interaction with the development of enterprises. Novel coronavirus pneumonia, Li Xuhong said, reducing taxes and lowering fees not only enhance the competitiveness of enterprises, but also enhance their competitive advantage, enhance their growth ability, support their structural adjustment and innovation and development by reducing their tax burden, and at the same time enhance their risk tolerance capabilities, so as to provide protection for the impact of the market in the context of the new crown pneumonia epidemic.