The State Council Strengthens The Burden On Small And Medium-Sized Enterprises By Three Pronged Efforts

The State Council said that it welcomed the irregularities committed by enterprises and all sectors of society to encroach on the rights and interests of enterprises and increase the burden of enterprises, and promptly investigated and verified them, and seriously investigated and dealt with the relevant departments.

Public information shows that in June this year, the State Office issued the notice on Further Strengthening the management of charges related to enterprises and lightening the burden of enterprises. Later, in July, the Executive Council of the State Council deployed many measures to alleviate the problem of high financing costs.

In August 14th, the general office of the State Council issued the guiding opinions on solving the problem of high cost of financing by enterprises (the industry referred to as "melting ten items").

There are signs that reducing the burden on enterprises and reducing the financing cost of the real economy is becoming a very important topic for this administration.

Recently, from

Departments, financial sectors and capital markets, a series of policies to implement the spirit of the above-mentioned documents of the State Council are being intensified.

The high tax burden of enterprises has basically reached a consensus in all walks of life.

"From the financial data of Listed Companies in the first three quarters of 2013, the total amount of taxes and fees actually paid by all listed companies is as high as 1 trillion and 830 billion yuan, more than 1/3 of the total value created by enterprises."

Liu Hanyuan, chairman of Tongwei shares (10.40, -0.02, -0.19%) Limited, told reporters that "it can be said that excessive taxation has become the number one problem that puzzles the survival and development of Chinese enterprises."

Previously, Gao Peiyong, President of the financial and Strategic Research Institute of the Chinese Academy of Social Sciences, said: "our tax burden is more than 90% or even more on the enterprises. Therefore, we can not think that enterprises complain about tax burden is an excuse. Although from the macro tax burden, China is not on the high side of the world."

This year, a series of policies to lighten the burden of enterprises' taxes and fees have been promulgated, and a number of measures to lighten the burden of enterprises' taxes and fees have been gradually implemented.

Prior to this, the Ministry of Finance and the State Administration of Taxation issued a notice on the issue of small and small enterprises' preferential policies on income tax, which will enjoy the scope of a small profit making enterprise with a half of the enterprise income tax preferential policy extended from the annual taxable income below 60 thousand yuan to the annual taxable income less than 100 thousand yuan.

As tax reform continues to move forward, the effect of tax reduction is more significant.

In the first half of this year, the total scale of tax reduction has reached 267 billion 900 million yuan since the implementation of the business tax reform and increase tax reduction of 85 billion 100 million yuan in 2012.

Of the 3 million 420 thousand taxpayers who have been included in the pilot, more than 96% of taxpayers have different tax rates.

Considering that indirect financing is still playing a leading role in our country, the price supervision and Inspection Bureau of the national development and Reform Commission and the Anti Monopoly Bureau have repeatedly urged banks to reduce arbitrary charges this year.

At present, China, agriculture, industry, construction, PUFA and Minsheng Bank have announced their own cost reduction schemes. According to the estimates, the total number of these banks is about 50 billion yuan reduction for enterprises.

In fact, from the end of 2011, the policy of reducing and reducing commercial banks' fees gradually fell to the ground, including the notice issued by the Banking Regulatory Commission on the cancellation of some service charges by banking financial institutions. The regulations on "seven prohibits" were promulgated in early 2012, and jointly issued by the CBRC and the national development and Reform Commission in February this year.

Notice of bank service government guidance price list of government pricing.

The cost of bank derate or reduction includes fees for some pfer remittances of public enterprises, fees for related services of acceptance bills, payment and settlement business of enterprises, and charges of some services under the trade financing of enterprise customers.

At the same time, the bank has taken some new measures to help enterprises reduce costs in terms of loan collateral valuation fees.

"In the past, enterprises were asked to directly assess the companies designated by the Agricultural Bank of China for collateral assessment and to pay assessment fees, but this year we took other measures.

We feel that sometimes even the valuation of the mortgage collateral assessed by the bank is not accurate, so we have to evaluate the company jointly according to the situation, and the cost is borne by the bank, thus saving an appraisal fee for the enterprise.

Xu Xiaofei, deputy governor of Nantong branch of ABC said.

However, regulators believe that reducing the financing cost of enterprises is not only to reduce bank charges, but to promote business reforms such as interbank business, trust, financing, entrusted loans and so on, clearing unnecessary capital "passages" and "bridge crossing" links, and shortening the financing chain.

In the capital market, a series of actions to reduce the financing cost of the real economy are also underway.

In early August this year, the SFC, through promoting the 9 major measures of registration system reform, fully realized the multi-level capital market to support the real economy and solve the problem of high financing costs.

These include supporting more small and micro enterprises to rely on the "new three boards" to carry out financing.

Dong Dengxin, director of the financial and Securities Research Institute of Wuhan University of Science and Technology, said: "the key to solve the difficulty of financing and financing is not the amount of bank loans, but the construction of an open, efficient and multi-level capital market."