The range of the VAT threshold is raised from 5,000 to 5,000 yuan per month to 5,000 to 20,000 yuan per month; the rate of the business tax threshold is increased from 1,000 to 5,000 yuan per month to 5,000 to 20,000 yuan per month. . Yesterday, the Ministry of Finance issued a message saying that the "Decision on Amending the Regulations on the Provisional Regulations on Value-Added Tax of the People's Republic of China" and the "Implementation Rules for the Provisional Regulations on the Business Tax of the People's Republic of China" have been reviewed and approved by the Ministry of Finance and the State Administration of Taxation. Since 2011, 11 It will be implemented on the 1st of the month. The finance department (bureau) and the State Administration of Taxation of the provinces, autonomous regions and municipalities directly under the Central Government shall, within the prescribed scope, determine the applicable threshold points for the region according to the actual situation, and report them to the Ministry of Finance and the State Administration of Taxation for the record. Policy The two tax thresholds have been greatly improved. According to the Ministry of Finance and the State Administration of Taxation, the “Regulations on the Implementation of the Provisional Regulations on Value-Added Tax of the People’s Republic of China†and the “Implementation Rules of the Provisional Regulations on the Business Tax of the People’s Republic of China†have been revised. Amend the second paragraph of Article 37 of the “Regulations on the Provisional Regulations on Value-Added Tax of the People's Republic of China†to read: “The scope of the VAT threshold is: for sales of goods, the monthly sales amount is 5,000~20,000 yuan; sales taxable For labor services, the monthly sales amount is 5,000~20,000 yuan; for each tax payment, it is 300~500 yuan for each (daily) sales." Article 23, paragraph 3 of the "Regulations on the Provisional Regulations on Business Tax of the People's Republic of China" Amended as: "The scope of the business tax threshold is: taxable on a monthly basis, with a monthly turnover of 5,000 to 20,000 yuan; for each tax payment, it is 300 to 500 yuan per day." Meanwhile, the Chinese people The Detailed Rules for the Implementation of the Provisional Regulations on Value-Added Tax of the Republic and the Regulations for the Implementation of the Provisional Regulations on the Business Tax of the People's Republic of China shall be revised accordingly and re-announced. Purpose To reduce the burden on small and micro enterprises. The threshold for the value-added tax and business tax has been greatly increased. Which companies will benefit? The State Council executive meeting held on October 12 to study and determine the financial, fiscal and taxation policies and measures to support the development of small and micro enterprises, specifically mentioned the raising of the value-added tax and business tax threshold for small and micro enterprises. In fact, the revision of the VAT and business tax regulations by the Ministry of Finance and the State Administration of Taxation is to implement the State Council's requirements for supporting the development of small and micro enterprises. In fact, small and micro enterprises have an irreplaceable role in promoting economic growth, increasing employment, technological innovation and social harmony and stability. At present, some small and micro enterprises have difficulties in operating, and the problems of financing difficulties and tax burdens are prominent. Experts said that the increase in the threshold for value-added tax and business tax is to reduce the burden on small and micro enterprises. During the National "Two Sessions" this year, Xu Yuegang, deputy of the National People's Congress and Director of the State Taxation Bureau of Shanxi Province, used the province as an example. The number of individual industrial and commercial households in the province was 169,811, of which 58577 were not eligible for the VAT threshold. The proportion is 34.5%. In 2010, the VAT threshold was reduced and the income was reduced by 62.21 million yuan. If the VAT threshold is raised to 20,000 yuan for sales of goods and 15,000 yuan for taxable services, Shanxi Province has 141,524 individual industrial and commercial households below this standard, accounting for 83.3% of the total number of individual industrial and commercial households. It is estimated that the VAT income will be reduced by 2.75. 100 million yuan, accounting for only 0.35% of the province's VAT tax of 797 billion yuan in 2010. After raising the VAT threshold, there will be 160,000 individual industrial and commercial households in the province. According to the average of 3 households per household, 480,000 people will enjoy this tax policy, and the impact of reduced tax revenue on overall tax revenue will be affected. Not big. He said that after the increase of the VAT threshold, the grassroots tax authorities can further optimize the allocation of resources for collection and management, improve the efficiency of tax collection and management, save manpower and financial expenditures, reduce taxation costs, and objectively optimize taxation services. Significance helps the real economy to regain its vitality. "From the perspective of tax characteristics, the main beneficiaries of the adjustment of the VAT and business tax thresholds will be small and micro enterprises. This is related to the State Council executive meeting on 'promoting structural tax cuts' and 'supporting absorption. The spirit of employment and technological innovation in the development of small and micro enterprises is in line with each other," said Guo Lei, a macroeconomic analyst at Zheshang Securities. Du Zhengzheng, a macroeconomic analyst at Guokai Securities, also said that with the current increase in value-added tax and business tax, the support for micro-enterprises will be more obvious, while for small and medium-sized enterprises. However, it is not possible to rule out the possibility of introducing more tax reduction policies in the future. Guo Lei believes that the adjustment of tax policy has released the profit space of Xiaowei and SMEs, which will further contribute to the recovery of the vitality of the real economy. "Considering that this year's fiscal revenue surplus or more, this creates objective conditions for the tax reduction of small enterprises." Du Zhengzheng also pointed out.
VAT reform to avoid double taxation is conducive to economic transformation Last Wednesday, the State Council executive meeting decided to take the lead in implementing the pilot reform of business tax to VAT in Shanghai from January 1 next year. Liu Shangxi, deputy director of the Institute of Fiscal Science of the Ministry of Finance, said that business tax is a tax that is easier to collect, but there is a phenomenon of repeated taxation. As long as there is a transfer link, taxation is required. The more the transfer link, the more serious the phenomenon of repeated taxation. Not conducive to the division of labor refinement. VAT substitute business tax, allowing deduction, will eliminate the drawbacks of double taxation, and help to reduce corporate tax burden. Experts pointed out that from the perspective of industrial development and economic restructuring, most of the tertiary industry is excluded from the scope of taxation of value-added tax, which is not conducive to the development of the service industry. On the other hand, business tax included in enterprise outsourcing services cannot be deducted, and companies are more willing to provide the required services instead of outsourcing services, which is not conducive to the professional division of services and the development of service outsourcing. In recent years, along with the steady and rapid development of China's economy, the fiscal revenue has also increased rapidly. The deepening of the VAT reform will help to further expand the development of the service industry and transportation industry, enhance the vitality of enterprises, and increase the income accordingly. In terms of the total amount, the impact on fiscal revenue should be small.
Attachment: Resource Tax Tax Rate Schedule
VAT reform to avoid double taxation is conducive to economic transformation Last Wednesday, the State Council executive meeting decided to take the lead in implementing the pilot reform of business tax to VAT in Shanghai from January 1 next year. Liu Shangxi, deputy director of the Institute of Fiscal Science of the Ministry of Finance, said that business tax is a tax that is easier to collect, but there is a phenomenon of repeated taxation. As long as there is a transfer link, taxation is required. The more the transfer link, the more serious the phenomenon of repeated taxation. Not conducive to the division of labor refinement. VAT substitute business tax, allowing deduction, will eliminate the drawbacks of double taxation, and help to reduce corporate tax burden. Experts pointed out that from the perspective of industrial development and economic restructuring, most of the tertiary industry is excluded from the scope of taxation of value-added tax, which is not conducive to the development of the service industry. On the other hand, business tax included in enterprise outsourcing services cannot be deducted, and companies are more willing to provide the required services instead of outsourcing services, which is not conducive to the professional division of services and the development of service outsourcing. In recent years, along with the steady and rapid development of China's economy, the fiscal revenue has also increased rapidly. The deepening of the VAT reform will help to further expand the development of the service industry and transportation industry, enhance the vitality of enterprises, and increase the income accordingly. In terms of the total amount, the impact on fiscal revenue should be small.
Attachment: Resource Tax Tax Rate Schedule
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