According to Xinhua News Agency, on October 18, Li Keqiang, member of the Standing Committee of the Political Bureau of the CPC Central Committee and vice premier of the State Council, presided over a symposium on the pilot work of expanding the business tax to VAT. He stressed that it is necessary to promote structural adjustment and reform with structural tax reduction, focus on reform and reform, promote industrial structure upgrading, promote industrial innovation transformation, accelerate the development of service industry and small and medium-sized enterprises, and reform and improve the fiscal and taxation system. The long-term stable and rapid economic development has added momentum and vitality.
Shanghai pilot effect
Reduce corporate tax burden by more than 17 billion
At the symposium, the responsible comrades of the Shanghai Municipal Government introduced that since the beginning of this year, through the implementation of the pilot reform of the transportation industry and some modern service industries, the tax burden of pilot enterprises and downstream enterprises has been reduced by more than 17 billion yuan, and the service industry has achieved 10%. With the rapid growth above, the utilization of foreign investment in the service industry has increased by more than 20%, and a number of industrial enterprises have achieved separation of the main and auxiliary industries and enhanced their competitiveness.
Li Keqiang fully affirmed the efforts made by local governments, departments and enterprises and the effectiveness of the pilot reform. He said that promoting the reform of the camp is the "key event" to deepen the reform of the fiscal and taxation system. It is a "key point" for structural tax reduction to promote stable growth and structural adjustment. It is both a major reform measure and an effective development measure. It is necessary to continuously improve and accelerate the pilot program to benefit more enterprises.
Pilot SME
Tax reduction averages 40%
There are more than 10 million small and medium-sized enterprises in China, accounting for more than 95% of the total number of enterprises, creating 50% of the national tax revenue and 80% of urban employment. Li Keqiang was very happy to hear that the small-scale taxpayers who participated in the pilot all achieved the burden reduction and the tax reduction rate reached 40% on average. He pointed out that with the expansion of the scope of the pilot, it will benefit more SMEs, especially micro-enterprises, promote employment and entrepreneurship, promote large-scale SMEs to cooperate and support each other, and enhance overall competitiveness and vitality.
Pilot work arrangement
Grasp the development of an expanded pilot program
Li Keqiang pointed out that it is necessary to urgently formulate specific plans for expanding the pilot program for reform, expand the scope of the pilot program in an orderly manner, and incorporate postal and telecommunications, railway transportation, construction and installation industries into the reform pilot in due course. According to the national and local financial resources, the camp will be gradually expanded to the whole country. The study rationalizes the fiscal distribution relationship between the central and local governments, ensures that enterprises benefit, local benefits, and the national tax system is improved, forming a multi-win situation.
Promoting the reform of the camp is an initiative to focus on the overall situation, to start with the details, and to move the whole body. This is not a simple conversion of business tax and value-added tax, but a major institutional innovation. By gradually changing the business tax to value-added tax, the above-mentioned double taxation is basically eliminated and a fair tax burden is realized, so that the unified taxation of goods and services is conducive to the prevention of heavy products and light services. This has met the requirements of simplifying and standardizing the tax system and reflecting the direction of tax reform.
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