State Council: Temporarily exempted some small and micro enterprises from value-added tax

"This is a set of steady growth combination fists based on the current and long-term perspective." Experts commented on the three policy measures introduced by the State Council executive meeting on the 24th.

On the 24th, Premier Li Keqiang presided over the State Council executive meeting, decided to further fair tax burden, temporarily exempted some small and micro enterprises from value-added tax and business tax; determined measures to promote trade facilitation to promote the stable development of imports and exports; deploy reform of railway investment and financing system, Speed ​​up railway construction in the central and western regions and poverty-stricken areas.

More than 6 million small and micro enterprises directly related to the employment and income of tens of millions of people. The State Council has decided to levy a value-added tax and business tax on small-scale value-added taxpayers and business tax taxpayers with a monthly sales of less than 20,000 yuan for small and micro enterprises from August 1 this year, and pay close attention to research on long-term effects. mechanism.

At present, China's economic and trade environment is complicated and severe, and the growth rate of import and export has slowed down noticeably. The State Council has clarified that through institutional innovation, the level of trade facilitation will be improved and the competitiveness of enterprises will be enhanced. Formulate a convenient customs clearance method and promptly introduce a reform plan of “one declaration, one inspection, one release”. Reduce administrative fees. Temporary exemption of statutory inspection fees for export commodities. Create conditions to implement a zero tax rate on service exports and gradually expand service imports.

Fully open the railway construction market and give priority to the construction of railways and related facilities in the central and western regions and poverty-stricken areas. The State Council requires that multi-channel and multi-channels should be used to raise construction funds, guided by central fiscal funds, attracting social capital investment and setting up railway development funds. Innovate the varieties and methods of railway bond issuance. Open the ownership and management rights of inter-city railways, city (suburban) railways, and resource-developed railways to local and social capital. Intensify efforts to revitalize railway land resources, do a good job in comprehensive development and utilization, and support the development of railways with development revenue. Accelerate the preliminary work so that the key projects identified in the “Twelfth Five-Year Plan” will be started in time and promoted according to the reasonable construction period.