Financial observation: tax support policies add momentum to the development of new quality productivity

2024-05-14 15:08:14 Source: People's Daily Online

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As the core element of developing new quality productivity, scientific and technological innovation needs policy support from many aspects. Effective implementation of structural tax and fee reduction policies, focusing on supporting scientific and technological innovation and manufacturing, is a powerful measure to help the development of science and technology innovation enterprises.

This year's Government Work Report proposed that we should implement structural tax and fee reduction policies and focus on supporting scientific and technological innovation and manufacturing development. In March this year, the Ministry of Finance, together with the Ministry of Science and Technology, the General Administration of Customs, the State Administration of Taxation and other departments, jointly prepared the Guidelines for China's Main Tax Preferential Policies to Support Scientific and Technological Innovation, covering more than 50 tax preferential policies on scientific and technological innovation. In fact, with the successive implementation of a series of tax policies to support scientific and technological innovation, a set of tax support policy system covering a wide range of areas, strong incentives, and covering all aspects of the whole process of enterprise innovation has initially taken shape in China.

According to the data released by the State Administration of Taxation, the sales revenue of China's high-tech industry will increase by 9.8% in 2023, which is 0.5 percentage point higher than that in 2022. According to the first quarter tax and electricity index released by many places, China's new quality productivity has accelerated cultivation and development, and high-tech industries are releasing greater potential.

Guangdong's manufacturing industry is "in charge", with an obvious attribute of scientific and technological innovation. The number of national "little giants" ranks first in the country. The preferential tax policies for these enterprises will accelerate the development of new quality productivity. According to the report released by Guangdong Provincial Situation Survey and Research Center in February, the development of new quality productivity in Guangdong Province is characterized by early layout, fast speed, large amount and relatively complete system, but some new quality productivity tracks need to make up for weaknesses and strengths.

Today, tax policy dividends are allowing cash to flow. The intelligent ecological factory of GAC Ai'an is the only "beacon factory" of new energy vehicles in the world. Here, a new energy vehicle can complete all processes in 16 hours from a steel plate to the offline of the whole vehicle.

According to Xu Desi, the head of the finance department of GAC Ai'an, the investment amount of the "lighthouse factory" of GAC Ai'an is between 3.8 billion yuan and 4 billion yuan so far. The huge capital investment in the early stage has formed a big test for the cash flow of enterprises, and the preferential tax policies have played a positive role in improving the liquidity of enterprises. "At this stage, the supporting role of tax rebate is outstanding. In the past three years, we have accumulated 945 million yuan of tax rebate, revitalizing the cash flow of daily operations." Xu Desi said.

The "real gold and silver" of tax benefits has effectively solved the capital problem of enterprises. The reporter learned that in 2023, in Guangdong (excluding Shenzhen), 156.2 billion yuan will be added in tax reduction and fee reduction and tax rebate deferral; Among them, the value-added tax deduction policy for advanced manufacturing industries, industrial machines and integrated circuit enterprises supporting scientific and technological innovation increased by 15.1 billion yuan.

Scientific and technological innovation makes traditional industries "unconventional", which is just a vivid practice of developing new quality productivity. In Jiangsu, the tax authorities firmly grasped the "bull nose" of innovative research and development, implemented structural tax and fee reduction policies, and promoted the smooth transformation of old and new drivers of traditional enterprises.

CRRC Nanjing Puzhen Vehicle Co., Ltd. is one of the representatives of the equipment manufacturing industry in Jiangsu's traditional industries. Entering the company's "Sun Jingnan Model Worker Innovation Studio", Sun Jingnan is leading enterprise developers and front-line welders to exchange skills.

"The traditional equipment manufacturing industry must rely on digital empowerment to 'strengthen the chain' to move forward to the high-end. This is a work with large investment and long cycle. The burden reduction brought by the preferential tax policy makes enterprises more motivated when investing in R&D and innovation." Sun Jingnan said. It is reported that in 2023, the company will enjoy preferential tax policies of more than 100 million yuan and invest nearly 470 million yuan in research and development.

In Chengde City, Hebei Province, the tax policy has also further assisted the transformation of the industrial structure. "With the help of the tax department, in 2023 alone, we have enjoyed nearly 2.5 million yuan of tax incentives to support R&D and innovation, such as R&D expenses plus deductions, so that we can invest more funds in accelerating product R&D and industrial upgrading. From January to February this year, the number of orders in the overseas market was more than 700000 dollars, nearly double the year-on-year growth. We will expand production this year Products are sold to more countries. " The financial director of Chengde Huafu Glass Technology Engineering Co., Ltd. said.

Editor: Zhao Yuheng
Editor in charge: Shang Yanhua

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