Views: 0 Author: Site Editor Publish Time: 2022-03-24 Origin: Site
Li Keqiang presided over an executive meeting of the State Council
Determine the policy arrangement for the implementation of large-scale value-added tax credits and refunds to provide strong support for stabilizing the macroeconomic market
Deploy comprehensive measures to stabilize market expectations and maintain stable and healthy development of the capital market
Premier Li Keqiang of the State Council chaired an executive meeting of the State Council on March 21 to determine the policy arrangements for the implementation of large-scale value-added tax credits and refunds to provide strong support for stabilizing the macroeconomic market; deploy comprehensive measures to stabilize market expectations and maintain the stable and healthy development of the capital market.
The meeting pointed out that in accordance with the decisions and arrangements of the Party Central Committee and the State Council, and in accordance with the arrangements of the "Government Work Report", in response to the new changes in the current domestic and international situation, policies to stabilize economic operation should be promptly introduced and implemented. This year's value-added tax refund is about 1.5 trillion yuan. This is a direct and efficient relief measure for various market players that adheres to the "two unswerving" measures. It is a key measure to stabilize growth, stabilize market players and ensure employment. tax sources, and vigorously improve the reform of the value-added tax system. It was decided at the meeting that, firstly, a tax rebate of nearly 1 trillion yuan will be given to small and micro enterprises in all industries and individual industrial and commercial households that pay taxes according to the general tax calculation method. Among them, the existing tax credit will be refunded in full at one time before the end of June, micro enterprises will be refunded in April, and small enterprises will be refunded in May and June; the incremental tax credit will be refunded in full monthly from April 1, and will be cancelled in stages. For 6 consecutive months, the incremental tax credit is greater than 0, and the incremental tax credit for the last month is greater than 500,000 yuan.” The second is the stock of enterprises in six industries, including manufacturing, scientific research and technical services, electricity, heat, gas and water production and supply, software and information technology services, ecological protection and environmental governance, transportation, storage, and postal services. The remaining tax credit will be fully refunded from July 1 and completed before the end of the year; the incremental tax credit will also be fully refunded on a monthly basis from April 1. Third, on the basis of paying 50% of the tax rebate fund in accordance with the current tax system, the central government will set up three special projects by arranging 1.2 trillion yuan of transfer payment funds to support the grassroots implementation of tax rebates, tax reduction and fee reduction, and ensuring employment and basic livelihood. Among them, for the local burden part of the newly added tax rebates, the central government subsidy exceeds 82% on average, and it is inclined to the central and western regions. The meeting called for the establishment of a fund pre-allocation mechanism, monthly pre-allocation and rolling liquidation, to ensure that the local treasury dynamically holds the funds needed for half a month's tax rebate. Strengthen fund supervision and treasury management, ensure that tax rebate funds go directly to market entities, and local subsidies go directly to the grassroots level in cities and counties.
The meeting listened to the report of the State Council Finance Committee, and pointed out that it is necessary to attach great importance to the impact of changes in the international situation on my country's capital market. Adhere to development is the first priority, focus on running our own affairs well, adhere to the principle of stability, seek progress while maintaining stability, deepen reform and opening up, keep the economy operating within a reasonable range, implement scientific and effective policies, maintain the stability of the capital market, and maintain stable and healthy development. The first is to increase the support of the prudent monetary policy to the real economy, insist on not engaging in "flooding", and at the same time use a variety of monetary policy tools in a timely manner to maintain reasonably sufficient liquidity and maintain moderate growth in credit and social financing. The second is to maintain policy stability. In recent years, policies to stabilize economic operations and stimulate market vitality should continue to be implemented as much as possible, and at the same time, carry out policy orientation consistency assessments to prevent and correct the introduction of policies that are not conducive to market expectations. The third is to properly handle the problems in the operation of the capital market in accordance with the principles of marketization, legalization and internationalization, and create a stable, transparent and predictable development environment for various market players. The fourth is to strengthen departmental coordination, closely track domestic and international economic and financial situations, take precautionary measures to deal with new challenges, and take targeted measures to stabilize market expectations and boost market confidence. Fifth, continue to do a good job of stabilizing foreign trade and foreign investment, keeping the RMB exchange rate basically stable at a reasonable and balanced level, and maintaining a basic balance of international payments.
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