Small And Micro Enterprises Need To Step Into The "Deep Water Area".

Financing difficulties and tax burden have always been the lifeblood of small and micro enterprises.

Despite the release of the "nine countries" since the support of small and micro enterprises, China has introduced a number of policies in finance and taxation to support the development of small and micro enterprises. Last Thursday, small and micro enterprises ushered in the good news of 22 administrative charges in 3 years.

However, insiders say that the current tax reduction policy can only reduce the cost of production and financing of a small number of enterprises.

Experts interviewed suggested that on the one hand, more practical tax reduction measures should be added, and the major taxes such as income tax, value-added tax and business tax should be gradually touched. On the other hand, the financing and development space of small and micro enterprises could be improved by liberalizing the financial market.

Enterprises: the negative burden of tax cuts has not yet touched the root.

"No matter whether it is exempt from administrative fees or the loan is exempted from stamp duty, our operating costs have not been reduced."

Mr. Wang, who runs a small furniture manufacturing enterprise in Beijing, told reporters that he has been paying close attention to the policy of supporting small and micro enterprises in China recently. However, the actual burden reduction effect brought by the policy is limited.

At the end of last year, Mr. Wang roughly calculated that the total operating profit of his company last year was about 3 million yuan, but after paying the full amount of tax, it was estimated that there would be about 1 million 500 thousand yuan in tax expenditure.

"Corporate income tax and value-added tax account for a great deal of our operating costs."

Mr. Wang said.

No stamp duty difficult to solve "loan difficulty"

In addition, the small business loan exemption from stamp duty policy has not fundamentally solved the problem of corporate loans.

"Our loan contract for financial institutions is 0.05% of the loan amount.

A lower stamp duty is imposed on the tax rate, which means that the stamp duty income of 50 yuan is required for every 1 million yuan loan. Therefore, stamp duty does not raise the enthusiasm of banks to lend loans to small and micro enterprises.

Mr. Wang said.

Wang Jun, Vice Minister of Research Department of China International Economic Exchange Center, said: "China should continue to carry out financial market reform and gradually establish a free competition financial market structure.

Once the competition pattern is formed, the enthusiasm of banks to lend loans to small businesses will be improved.

Tax cuts need to get involved in the "deep water area".

According to the experts interviewed, China's policy of reducing taxes and supporting small and micro enterprises has not entered the "deep water area".

"The survival of small and micro enterprises is a long-term accumulation problem. Only a few small policies such as stamp duty avoidance can not fundamentally solve the problem of financing."

Tang Jianwei, senior macroeconomic analyst at Bank of communications Financial Research Center, said that in the future, China can take more practical measures in tax reduction to support the development of small and micro enterprises.

What part of the tax revenue does the enterprise want to deduct? "Mr. Wang said:" Shanghai has begun to implement the VAT reform, increasing the tax rate of 11% and 6% two, hoping that this method can be extended to the whole country, so that the tax reduction effect will be more obvious.