1.5 trillion yuan!China will implement a large-scale tax rebate policy in 2022

2022-05-13 0 By

Cctv.com news: On March 23, The State Council Information Office held a regular policy briefing of The State Council, in which officials from the Ministry of Finance and the State Administration of Taxation introduced the situation of VAT retention and tax refund.This year, China will implement a large-scale tax rebate scheme of about 1.5 trillion yuan, including raising the proportion of incremental tax rebates to 100% for all eligible small and micro enterprises, and refunding all existing tax credits in a lump sum by the end of June.Expand full monthly refunds of incremental tax credits to all manufacturing industries, as well as scientific research and technology services, and refund their stock tax credits in a lump sum by the end of the year.An official from the Ministry of Finance said that by arranging a special fund of 1.2 trillion yuan, the Treasury will be strengthened to ensure that tax rebates are refunded in a timely manner and the “three guarantees” are guaranteed in full.Deputy minister of finance Xu Hongcai: after the policy implementation, all eligible small micro enterprises such as manufacturing industry six increment and stock left on drawback problem will get solved, the counties to carry out the new leave policies prevailing worldwide for tax rebates and other tax cuts can actually reduce the expected completion, powerful guarantee county finance running smoothly.The state Administration of Taxation said that the current tax system is in line with the conditions of tax rebate taxpayer industry identification and small, medium and small mark to carry out a comprehensive arrangement, optimization and upgrading of the electronic tax bureau and other tax handling system.Wang Daosu, Deputy director of the State Administration of Taxation: So far, all the work is progressing smoothly.We will continue to intensify efforts to crack down on illegal activities such as false deductions, concealment of income, false declarations and other fraudulent means.Source: CCTV.com