In the first eight months, 44.19 billion new tax cuts and fees were cut in Shanghai to help the film industry survive the hardest

category:Finance
 In the first eight months, 44.19 billion new tax cuts and fees were cut in Shanghai to help the film industry survive the hardest


To solve indigestion of enterprise funds by tax rebate

Since April 1, 2019, the system has been extended to the whole industry for trial implementation. Over the past year, it has helped a large number of enterprises to revitalize the funds that could only be lying on their books.

Shanghai Data Port Co., Ltd. is a high-tech enterprise that provides computer room construction and operation and maintenance services. Due to the large amount of cost invested in the construction of computer room, the companys book has a large amount of input tax allowance generated by the previous investment for a long time, which makes the enterprises capital chain indigestible. The policy of refund of VAT increment allowance is cure the disease with medicine. Through the application, the company soon received a tax refund of more than 19.5 million yuan, greatly relieving the pressure of cash flow.

Capital flows more smoothly, and the overall operating cost of the enterprise has also come down. This tax rebate not only relieves the financial pressure of the company, but also allows us to increase the investment in customer service and expand the scale of the enterprise, said the companys financial staff

Helping the film industry survive the most difficult time

Hitherto unknown novel coronavirus pneumonia has been the focus of the national cinema movie screening. In order to help the film industry survive the cold winter, the State Administration of Taxation has issued targeted tax preferential policies to reduce the burden of the film industry from the aspects of Exempting Value-added Tax and cultural construction fees, and extending the period of carrying forward losses.

As the first screen cinema in China, Shanghai Daguang cinema has a history of more than 90 years. In the past half a year, cinemas have been in a state of shutdown. Fortunately, with the support of the state policies, the cinema has not only returned the tax of more than 60000 yuan paid at the beginning of the year in the shortest time, but will also be exempted from VAT before the end of the year. The financial director of Shanghai Daguang cinema Co., Ltd. said, although the tax of tens of thousands of yuan is not much, it also offsets the salary expenses of several staff members for one month. We have survived the most difficult time, I believe that after the full resumption of production, the cinema will gradually return to the right track.

Yan Chaohui, deputy chief financial officer of Bona film group, said that the preferential policy of value-added tax has reduced the tax burden of enterprises and enhanced the liquidity of cash, which is a great support for film enterprises. At the same time, prolonging the enterprises loss time, invigorating the production and operation of the enterprise, reducing the construction cost of cultural undertakings, increasing the film advertising revenue, reducing the cost, and further ensuring the cash flow of the enterprise. The combination of tax reduction and fee reduction has played a very good role in promoting the development of the film industry, which is still in difficulty.

During the epidemic period, the state timely customized tax top up package for small-scale taxpayers, including: from March 1, 2020 to December 31, 2020, except for small-scale VAT taxpayers in Hubei Province, 3% of the taxable sales revenue will be applied, and the VAT will be levied at the reduced rate of 1%.

The 1% levy rate can enjoy 10 consecutive months, and it is estimated that the annual VAT can be reduced by 40000 yuan! Wang Jing, financial director of iapm store of Shanghai International Trade Co., Ltd., a fashion womens wear brand, said happily.

As the main series of Chinese local designer brand Jiangnan cloth clothing, JNBY is popular among young female consumers for its elegant and playful style. In the first month of the stores opening at the end of 2019, its sales revenue reached 900000 yuan. With the effective control of the epidemic situation and the help of the May 5 Shopping Festival and Shanghai Tourism Festival, the operation of the store is gradually picking up in the near future. Wang Jing said that the consumer market has given her hope for recovery and development, and the stable tax and fee reduction policy is a reassurance.

Shanghai Marissa photography Co., Ltd. enjoys the tax-free policy of value-added tax for life service industry, with a tax-free rate of 480000 yuan per quarter. When talking about tax exemption, the financial manager of the enterprise had deep feelings: the epidemic has a great impact on the service industry. The number of people taking photos in the same period of this year is only half of that of last year, and the operation is difficult. After the introduction of the tax-free policy, the tax department helped us enjoy the policy for the first time, solved the problem of capital shortage, and allowed us to pay employees wages and rent normally. It was really a great help! It is understood that the state has issued a series of big red envelopes for small and micro enterprises and individual businesses to help them tide over difficulties. During the enterprise income tax declaration period in July, 130000 small and micro enterprises were in line with the policy of delaying the payment of enterprise income tax, and the accumulated deferred tax payment exceeded 1.2 billion yuan, which continuously reduced the burden of small and medium-sized enterprises. Source: surging news editor: Wang Xiaowu_ NF

Shanghai Marissa photography Co., Ltd. enjoys the tax-free policy of value-added tax for life service industry, with a tax-free rate of 480000 yuan per quarter. When talking about tax exemption, the financial manager of the enterprise had deep feelings: the epidemic has a great impact on the service industry. The number of people taking photos in the same period of this year is only half of that of last year, and the operation is difficult. After the introduction of the tax-free policy, the tax department helped us enjoy the policy for the first time, solved the problem of capital shortage, and allowed us to pay employees wages and rent normally. It was really a great help!

It is understood that the state has issued a series of big red envelopes for small and micro enterprises and individual businesses to help them tide over difficulties. During the enterprise income tax declaration period in July, 130000 small and micro enterprises were in line with the policy of delaying the payment of enterprise income tax, and the accumulated deferred tax payment exceeded 1.2 billion yuan, which continuously reduced the burden of small and medium-sized enterprises.