New tax incentives of 1.05 trillion yuan in July before enterprise rescue

The reporter learned from the press conference of the State Council Information Office held on September 7 that from January to July this year, the new tax cuts and fees, as well as tax rebates and deferred fees, have reached 1.05 trillion yuan. Next, the relevant departments will further strengthen the research on policy reserves and focus on helping business entities.

Preferential tax policy is an important part of the positive fiscal policy to enhance efficiency, and it is also a direct, effective and fair preferential policy for enterprises. Recently, the relevant departments have continued and optimized a number of phased preferential tax policies, studied and issued a number of targeted new measures, and actively planned a number of reserve policies to support the development of enterprise rescue with a combination of tax policies.

Among them, we will focus on supporting the strengthening and optimization of the real economy. On the basis of optimization and improvement, we will extend the preferential tax policies due to small and micro enterprises and individual businesses to the end of 2027, further stabilizing expectations and strengthening confidence.

"According to the data in 2022, about 70% of small and micro enterprises and self-employed businesses do not need to pay taxes. On this basis, we will further increase tax support, while adding other financial policies to support SMEs." Wang Dongwei, Vice Minister of Finance, said. For example, we should give full play to the guiding role of government investment funds to help SMEs grow. For another example, the central government accelerated the allocation of special funds for the development of small and medium-sized enterprises. Focus on supporting the development of national specialized and new "little giant" enterprises, promote the formation of policy synergy, and strengthen the strength and strength of policy support.

Focus on promoting income growth and consumption expansion, and raise the three special additional deduction standards of individual income tax for infant care, children education, and supporting the elderly under the age of 3; The annual one-time bonus will be taxed separately; Preferential policies such as individual income tax rebates for housing replacement effectively reduce the tax burden on residents and enhance their consumption capacity.

The improvement of the three special additional deduction standards for individual income tax, including the care of infants under the age of 3, has been widely concerned by the society. Among them, the special additional deduction standard for infant care and child education under 3 years old has been raised from 1000 yuan per month per child to 2000 yuan per month. The special additional deduction standard for supporting the elderly has been raised from 2000 yuan to 3000 yuan per month. Wang Dongwei said that raising the special additional deduction standard for "one old and one young" would help to reduce the burden of family support and better protect and improve people's livelihood. For ordinary people, this is a real policy dividend.

"At present, individuals with an annual income of less than 100000 yuan basically do not pay or only pay a small amount of individual income tax. After the three special additional deduction standards are raised, the tax burden of taxpayers will be further reduced, especially for middle-income groups. Our country has more than 400 million middle-income groups, which benefit the most," said Wang Dongwei. For example, he said that if a taxpayer has two children and his father or mother is over 60 years old, according to the new deduction standard, the taxpayer can deduct 3000 yuan more every month and 36000 yuan more every year. If the taxpayer's annual income is 200000 yuan, his tax reduction will reach 54%; If the taxpayer's annual income is 500000 yuan, his tax reduction will reach 14%. This has a very important positive role in increasing the disposable income of individual residents and improving the consumption capacity of residents.

The reporter learned that in the next step, relevant departments will also take into account the socio-economic development, residents' income distribution pattern, changes in urban residents' basic living consumption expenditure and other situations, and on the basis of taking into account fairness and efficiency, further study and improve the personal income tax system to better play the role of adjusting income distribution, ensuring and improving people's livelihood.

Wang Dongwei said that since this year, there have been many continuing tax policy projects, covering a wide range of fields and lasting for a long time, which meet the expectations of enterprises. In the future, we will further strengthen the research on policy reserve, make good use of policy space, find the right direction of power, and focus on relieving difficulties for business entities on the basis of coordinated and efficient policy implementation.