Major Changes To The Provident Fund System: Investors' Appropriateness Management Will Be Formally Implemented.

Since July 1, 2017, a number of new regulations will be formally implemented, of which the investor's appropriateness management method will be formally implemented, and taxpayers will welcome it again. The four value-added tax rate will be reduced to three levels.

The following is a summary of the new rules we collected in July. Let's take a look.

Since July 1st, the securities and futures investors' appropriateness management measures (hereinafter referred to as the "measures") have been formally implemented. By strengthening the obligations of the securities and futures institutions, they request the securities and futures institutions to provide the appropriate investors or services to the appropriate investors and bear legal liability for illegal activities.

The approach divides investors into ordinary investors and professional investors.

Ordinary investors enjoy special protection in information disclosure, risk warning and appropriate matching.

It is clear that business operators should be encouraged to recommend products or services whose risk level is higher than their risk bearing capacity to ordinary investors.

It should be pointed out that if investors take the initiative to purchase products whose risk level is higher than their risk bearing capacity, after a special risk warning procedure, the business organization can still sell products to them, and the right of investors to buy and sell shares will not be affected. It is clear that the measures do not restrict investors' trading freedom, but allow appropriate investors to buy the right products.

Implementation of the "four board market" supervision and management pilot scheme

The trial implementation of regional equity market supervision and administration has been implemented since July 1st. The regional equity market is a facility for providing facilities and services to small and micro enterprises in their provincial administrative regions for non-public offering, pfer and related activities.

There shall be no more than one operation institution established in the administrative regions of provinces, autonomous regions, municipalities directly under the central government and cities directly under the central government.

Without the approval of the relevant departments of the State Council, other securities other than stocks and convertible bonds can not be issued in the regional equity market.

According to regulations, in the "regional equity market" trading, natural persons need to have assets of not less than 500 thousand yuan, and a certain amount of time to invest in financial products.

According to the circular on the policy of devaluation tax rate, since July 1st, the value-added tax rate has been reduced from four to 13%, with the abolition of the 13% tier tax rate, and the tax structure has been adjusted to 17%, 11% and 6%.

The original sales or importation of goods will be reduced to 11% of the 13% tax rate, involving 23 kinds of products, such as agricultural products, natural gas, edible salt and books.

In addition, the agricultural products deep processing enterprises, which are taxed according to the 17% tax rate, will maintain the original deduction of agricultural products and avoid increasing the tax burden.

Recently, the notice on the special management measures for foreign investment access to the free trade pilot area (negative list) (2017 Edition) issued recently that China's 11 FTA will launch a new negative list of foreign investment in July 10th.

Compared with the previous edition, the negative version of the 2017 edition mainly expanded in mining, manufacturing, pportation, information and business services, finance, scientific research and culture. The negative list has been reduced to less than 100 items.

In the manufacturing sector, including aviation manufacturing, shipbuilding, automobile manufacturing, rail pit equipment manufacturing, communication equipment manufacturing, mineral smelting and calendering processing, pharmaceutical manufacturing and other fields have been further expanded.

For example, in automobile manufacturing, the products of new pure electric passenger car manufacturers should be abolished by using their own brands, proprietary intellectual property rights and authorized patent related patents.

Provident fund to achieve "accounts go with people"

According to the Ministry of housing and housing planning, from July 1st this year, all housing provident fund management centers in the country will, according to the requirements of the Ministry of housing and housing, "the national housing provident fund pfer and follow up business procedures", and pfer the housing provident fund to other places through the platform.

In the future, p provincial employment workers will have to pfer the housing provident fund in different places, so they do not need to travel to and from the two places.

The national housing provident fund pfer platform will be launched before the end of June. After the completion of the project, it will truly achieve "accounts go with people and money goes with the accounts."

At the same time, the Ministry of housing will also vigorously promote the loan services in other places to meet the demand for funds for the cross housing purchase of workers.

Commercial health insurance can be deducted from individual tax.

The notice on the implementation of the pilot scheme for the promotion of commercial health insurance personal income tax to the whole country implemented in July 1st stipulates that the expenses for individual purchase of commercial health insurance products that meet the prescribed requirements shall be deducted before the tax when the taxable income is calculated in the current year (month), with a deduction of 2400 yuan / year (200 yuan / month).

The unit's expenditures for the purchase of qualified commercial health insurance products should be included in the individual salaries and salaries of the employees as individuals' purchases, respectively.

The quota of 2400 yuan / year (200 yuan / month) is deducted from the deduction of the cost standard in the personal income tax law.

No increase in price

The Ministry of Commerce promulgated the "vehicle sales management measures" will be implemented in July 1st.

Dealers should, in proper form, expressly sell the prices of automobiles, accessories and other related products and the standard of service charges, and not sell or charge extra fees outside the price tag.

At the same time, when selling cars, consumers may not be forced to purchase insurance, or compulsory registration services such as vehicle registration.

The new policy stipulates that the vehicle must be accompanied by a certificate of approval.

That is to say, buying a car will no longer run into a car qualification certificate, be taken away by a dealer for a mortgage, and after the purchase of a car, the car can not be put on the cards for a long time.

Reduce some administrative and administrative charges

Recently, the national development and Reform Commission and the Ministry of Finance issued a notice to reduce some of the administrative and administrative fees, which is expected to reduce the burden on enterprises and society by 2 billion 600 million yuan.

Since July 1, 2017, it has been decreasing the cost of telecommunication network code number, such as resource occupancy fee, frequency occupancy fee, citizen entry and exit certificate fee, vehicle driving license cost, temporary entry vehicle license plate and driving license work cost, compensation for water and soil conservation, pesticide test fee, integrated circuit layout design protection fee and so on.

Among them, a number of entry and exit documents fees were lowered.

For example, the standard of ordinary passports will be reduced from 200 yuan to 160 yuan per copy. The entry and exit of each passport will be reduced from 20 yuan per card to 15 yuan. The permit for Hong Kong and Macao will be reduced from 100 yuan to 80 yuan per card.

Implementation of new rules for large paction reports

The measures for the management of large volume pactions and suspicious paction reports of financial institutions will be implemented from July 1st. Financial institutions should fulfill the obligations of reporting large pactions and suspicious pactions, and submit large pactions and suspicious paction reports to the China Anti Money Laundering Monitoring and Analysis Center.

According to the regulations, the standard of large paction reporting is: first, the large amount of cash pactions between natural persons and non natural persons, and the reporting standards of domestic and cross-border are RMB 50 thousand yuan or foreign currency equivalent to more than 10 thousand dollars.

The two is the large pfer accounts for non natural bank accounts. The domestic and cross border reporting standards are RMB 2 million yuan or foreign currency equivalent value of more than 200 thousand dollars.

The three is the large pfer account of natural person bank account. The domestic reporting standard is RMB 500 thousand yuan and foreign currency equivalent value is more than 100 thousand dollars. The cross border reporting standard is RMB 200 thousand yuan and foreign currency equivalent value of more than 10 thousand dollars.

For more information, please pay attention to the world clothing shoes and hats and Internet cafes.