March5< Span style="font-size:14px;line-height:2;">Day morning9When the second session of the 13th National People’s Congress was opened in the Great Hall of the People, Premier Li Keqiang proposed in the government’s work report that it would implement a larger scale. Tax cuts.

The top five priorities for 2019 corporate tax cuts

1, both inclusive tax cuts and structural tax cuts, focusing on reducing the tax burden on manufacturing and small and micro enterprises;

2, manufacturing and other industries currently16 %The tax rate is reduced to 13%, the current transportation industry, construction industry, etc.10%The tax rate is reduced to9%;

3, to ensure that all industry tax burdens are only reduced;

4. Continue to advance to the third-grade and two-speed tax rate, and simplify the tax system;

5. Grasp the implementation of the inclusive tax reduction policy for small and micro enterprises introduced at the beginning of the year.

VAT reduction3%, the decline is close to 20%< /span>This has great benefits for manufacturing companies. Li Keqiang emphasized that this tax cut is a major measure to reduce the burden on enterprises and stimulate the vitality of the market. It is an important reform to improve the tax system and optimize the income distribution pattern. It is a major choice for macroeconomic policies to support steady growth, job security and structural adjustment.

How much can I save by reducing taxes? A simple example of an international e-commerce analyst explains the changes before and after the tax reform:

Assuming the contract is priced as 232010,000, payable2320< /span>10,000, tax rate16 %The sales tax is 32010,000 yuan;

After tax reform, the tax rate is 13% , sales tax: 2320/( 1+13%)*13%=26610,000 yuan

Compared to the original320 Millions of savings about 5410,000, that is, the company pays less than 5410,000 yuan tax

VAT reduction rate. For enterprises, it is important to maximize the tax revenue in the contract to be signed before the formal fiscal and tax documents are not issued. weight.

Manufacturing is the main direction of VAT tax deduction

VAT reform has always been the focus of society and business, and 2019The annual government work report directly proposes: deepening the VAT reform, and will be in the manufacturing industry, etc.16%The tax rate is reduced to < /span>13%, will traffic Industry in transportation, construction, etc.10%The tax rate is reduced to9%, to ensure that the major industry tax burden is significantly reduced.

follow1991 After four reforms in the year, VAT has gradually become China's largest tax category,2017The tax revenue of China's public revenues14.4 trillion, VAT5.6 trillion, close to 40%,05The compound growth rate of this tax has been high 15%. From an industry perspective, the total value-added tax on communications, electrical equipment, computers, utilities, machinery and other industries exceeds 60%. In addition, the difference between the proportion of profit in the communications industry and the value-added tax is the smallest, and the banking and food and beverage industries have the highest proportion of profits, and the proportion of value-added tax is relatively low. Therefore, the industry with a heavier value-added tax burden in China is mainly reflected in the manufacturing industry.

Integrated industry concentration and tax reduction scales account for two dimensions of the industry's net profit. The industries that benefit from the VAT tax cuts are mainly: Mechanical equipment, chemicals, automobiles, non-ferrous metals, household appliances, building materials, computer equipment, coal mining.

This VAT reform has significantly reduced the tax burden of major industries such as manufacturing, transportation, and construction, but it is important to note that Tax is an extra-tax, and VAT deduction is also an extra-price change that is not directly related to profit.

Entrepreneur's view on tax reform

Lei Jun: The most intuitive is that the VAT drop has made the company lightly loaded

VAT reduction3%, the decline is close to 20%< /span>This has great benefits for manufacturing companies. We deeply felt the strength of the government's tax reduction and fee reduction. The tax burdens of major industries such as manufacturing, transportation, and construction have been significantly reduced. As entrepreneurs and investors, I predict that the enthusiasm for corporate innovation will be greatly stimulated.

Li Dongsheng: Tax cuts and fees are still the direction of economic reform

Value added tax is a further downside. At present, China's VAT rate is relatively high compared with the major countries in the world, and the decline in value-added tax can effectively stimulate market demand.

In fact, the tax reduction and reduction in the past two years has already brought a lot of help to the manufacturing industry. I simply made a statistic,< Span style="font-size:14px;line-height:2;">2017Year, through tax cuts and fees TCLSaved < /span>800010,000,2018We have saved < /span>1.2100 million, provincial The biggest item is the new policy's deduction for R&D expenses. Our R&D investment is huge, last year invested 50Multiple billions, this50Multiple billions of deductibles can reduce the company's cost. So I feel that the country's tax cuts and reductions bring tangible benefits to the manufacturing industry.

Wang Xiaochuan: Proposed application technology tax cuts