Ministry Of Finance: In 2019, We Should Speed Up The Study Of Larger Scale Tax Cuts And Reduce Fees More Clearly.

In 2018, China promulgated a series of measures to reduce taxes and reduce fees, including deepening the reform of value-added tax, implementing the reform of personal income tax, and so on, and promoting tax reduction through reform, which played an important role in optimizing the business environment, stimulating the vitality of the market and reducing the burden of enterprises.

Then, in 2019, what areas of tax reduction policy will be introduced in China?

Xu Guoqiao, the inspector of the Ministry of Finance and taxation, inspector general of the Ministry of Finance: in 2019, in the full implementation of the tax reduction and tax reduction policy, we should pay more attention to a more massive tax cut and a more obvious reduction in fees.

In January 9th this year, the Executive Council of the State Council decided to introduce a number of small and micro enterprises' preferential tax reduction measures, including relaxing the small and small enterprises standard and increasing the income tax preference, raising the starting point of the small scale taxpayers of value-added tax, and reducing the Levy of some local taxes, and extending the scope of application of preferential policies for start-ups.

Xu Guoqiao, the inspector of the Ministry of Finance and taxation, said: these policies adhere to the three principles, and our measures will follow these three principles.

The first is to highlight the substantive tax cuts of universal benefits. The two is to be practical and tough, and to enhance the sense of enterprise acquisition. Three is practical, simple and feasible.

Inclusive tax reduction is an important part of tax reduction and reduction this year. It is also an important manifestation of greater tax reduction. It helps to reduce the cost of entrepreneurial innovation, enhance the driving force of small and micro enterprises, and promote employment expansion.

The head of the Ministry of Finance said that China will also deepen the reform of value-added tax, continue to promote substantial tax cuts, implement the revised individual income tax law and its implementation regulations in an all-round way, implement the six special additional deduction policies, reduce the tax burden on residents, and cooperate with relevant departments to actively study and formulate a comprehensive plan to reduce the social insurance premium rate, and further reduce the social insurance payment burden of enterprises.

In the future, with the gradual landing of larger tax cuts and more obvious lowering fees policy, we will further stimulate the vitality of market players, boost market confidence and promote the development of high quality economy.