Since the VAT rate was lowered on April 1, 21st Century Business Reporters have successively investigated and interviewed some Jiangsu enterprises, and the tax reduction and fee reduction policies have brought about obvious advantages such as lower costs for these enterprises. When companies enjoy the policy dividend, they can directly benefit consumers or indirectly reduce the burden on consumers. This year's government work report proposes to implement a larger tax cut. Both inclusive tax cuts and structural tax cuts are combined, with a focus on reducing the tax burden on manufacturing and small and micro enterprises. From April 1st, the VAT general taxpayer will be subject to VAT taxable sales or imported goods. If the original 16% tax rate is applied, the tax rate will be adjusted to 13%. If the original 10% tax rate is applied, the tax rate will be adjusted to 9%. What are the specific impacts on enterprises and ordinary consumers after tax reduction and fee reduction? Since April 1st, 21st Century Business Herald reporters have successively investigated some Jiangsu enterprises, and the tax reduction and fee reduction policies have brought about obvious advantages such as lower costs for these enterprises. In addition, in order to better implement the central government's tax reduction and tax reduction policies, the taxation departments and other departments are also carrying out reforms and innovations. How much is the cost of the enterprise reduced? Qin Lingjuan, director of the Zhangjiagang Yangzi Spinning Co., Ltd., said that after the VAT rate is lowered, the company's domestic sales of nylon filament processing trade worth 130,000 euros can be reduced by about 30,000 yuan. Yangzi Spinning is a joint venture between China and Switzerland and is the largest wool spinning processing enterprise in Asia. According to the business plan of 2019, it is estimated that only the domestic trade of processing trade in the third quarter of this year will reduce the import value-added tax of 3.1 million yuan for the enterprise. Xu Jin, the director of Fengyi Oil Technology (Lianyungang) Co., Ltd., said that the annual import of raw materials is between 80,000 and 120,000 tons. After tax reduction, the annual tax payment can reach up to 3.6 million yuan. reduce. The data provided by Domino Logo Technology (Changshu) Co., Ltd. to reporters shows that a certain business is subject to a 13% VAT new policy and pays a value-added tax of 75,968.10 yuan, which is a benefit of a total of 17531.10 yuan compared with the original 16% VAT rate. The cost has been reduced. As the VAT rate dropped from 16% to 13%, Mr. Lu, the financial controller of 5G and Wuxing's wireless terminal enterprise Hengxin Technology Co., Ltd., told the 21st Century Business Reporter that according to the company's estimated sales of 1.5 billion yuan, Saved about 9 million VAT taxes for the company. In the face of the central government's demand for tax cuts and reductions, collaborative innovation has been strengthened among government functional departments. In view of the tax rebate brought about by the tax reduction policy, especially small and micro enterprises, because of the problems of wide area, large quantity, small amount, etc., even some are only a few cents, a few cents, many taxpayers are too troublesome, do not want Handle. The Wuxi Municipal Taxation Bureau took the initiative to communicate with the People's Bank of China (the National Treasury) and other departments, simplifying the tax refund process and data sharing and transfer methods, and solving the problem of large-scale and small-scale small and micro enterprise policy retroactive tax refund, and realized convenience, paperless, and batch Chemical. "In the past, it took 20 days for the small and micro enterprises to apply for tax refunds. Now it can be done within one week." A person from the Wuxi Inland Revenue Office told the 21st Century Business Herald that the tax rebate amounted to nearly 6 million yuan in mid-April. There are over 10,000 micro-enterprises. In order to create a “hard bill and iron account book†for tax reduction and fee reduction, Wuxi Tax System has reconstructed a four-in-one tax reduction and fee reduction statistical accounting analysis system covering “data collection, audit verification, summary reporting and accounting analysisâ€. The taxation department also carried out internal procedures to improve the tax-deductible service, and clearly defined that the head of the department and the head of the discipline inspection team jointly served as the team leader, and specialized in troubleshooting and clean-up work. "Currently, as long as it involves taxation, it must be answered within 3 working days. If it is found, it must be dealt with." The above-mentioned person said that he set up a report and complaints counter in the special service number, and fully handled the third party's tax-related service units. Report. However, the 21st Century Business Herald reporter learned in an interview that there are also some companies that reflect the increase in tax burden. The above-mentioned person said that this is a policy-level issue. After the study, it put forward a perfect proposal and strived to continuously improve the implementation of the tax reduction and fee reduction policy. Corporate tax cuts benefit consumers "This tax cut and fee reduction, the national policy to reduce the cost of enterprises, we will give all the benefits to consumers." Suning Fast Consumer Group President Yan Nong told 21st Century Business Herald that the VAT adjustment has reduced the company's procurement and sales. The cost of processing. From the interviews of reporters, consumer companies have expressed their policy dividends to consumers, so that enterprises that do not directly face consumers? Zhao Chengyan, Finance Minister of Xugong Group, told the reporter that according to the calculation of Xugong Financial Data of 2018, the new policy of tax reduction and fee reduction will bring nearly 280 million yuan in tax and fee reduction. This fund has been arranged by the board of directors to invest in the research and development of new products and new technologies. . Peng Xia, head of Sinopec Yizheng Chemical Fiber Finance, said that it is expected that under 2019, the value-added tax and additional taxes will be reduced by 61 million yuan, and a set of polyester units with an annual output of 200,000 tons will be built with these underpaid taxes. For Wuxi Lantian Gas Turbine Thermal Power Co., Ltd., the raw material is natural gas, and the products are electricity and steam. Therefore, the difference between the tax rate after the tax reduction is lower than the previous two tax rate, calculated by the static data of 2018, since April 2019. From the date of implementation of the policy to the end of the year, only this one will reduce taxes by more than 14 million yuan. Li Xikui, vice president of finance of Blue Sky, told reporters of the 21st Century Business Herald that after the VAT rate dropped from 16% to 13%, the company has lowered the price of electricity into the grid for the first time, allowing customers to bring tax reductions of about 30 million yuan to downstream enterprises. Dividends, companies also decided to add 2.3 billion yuan in investment in 2019. According to the "Notice of the General Administration of Customs of the Ministry of Finance and the General Administration of Customs on Deepening the Policies for Value-Added Tax Reform", the applicable VAT rate for imported goods of many enterprises has been reduced from 16% to 13%, and the value-added tax on general trade imports has been reduced, reducing the burden on enterprises. Through the transmission of enterprises, it also indirectly reduces the burden on consumers. A partner of a drum washing machine company in Nanjing said that the tax rate on imported raw materials is reduced, and the employee's travel expenses are also reduced with the tax rate, saving 1 million yuan per month, which will eventually benefit consumers in the home appliance market. The relevant person in charge of Jinling Customs told the 21st Century Economic Reporter that the value of the import value of goods will be statically calculated in 2018. Since the implementation of the VAT tax reduction policy since April 1, 2019, the value-added tax of the import port of Nanjing Port has decreased by about 2.5 billion yuan. It will greatly reduce the tax burden of import enterprises, reduce the pressure on capital, and further stimulate the vitality of the market. Xia Yaming, a customs officer at Nanjing Lukou Airport, told reporters that according to the business of Lukou Airport Port, 13% of the VAT rate mainly benefits related importers such as manufacturing and cosmetics, and 9% targets agricultural products. On May 1, 2018, the relevant import category tax rate has been lowered once, from the original VAT rate of 17% and 11% to 16% and 10% respectively, this time from 16%, 10% to 13 respectively. %,9%. After the postal tax was lowered again, the Suzhou Customs examined and approved the first-rate tax rate adjustment mail, the internals were food, the audited duty price was 1280 yuan, and the total tax was 166.4 yuan. The recipient could save the tax before the tax rate adjustment. 25.6 yuan. A certain brand of shoes before the tariff adjustment of the postal tax rate is 25%, after the adjustment became 20%, originally required to pay 275 yuan of tax, now only need to pay 220 yuan, saving 55 yuan. When the head of the Suzhou Customs Office of the Post Office, Mingzhu told reporters that the reduction of the postal tax is not only conducive to the expansion of imports, but also to consumers to get benefits, it is expected that in 2019, consumers can reduce or exempt the tariff by 3 million yuan. Intergrated Led Emergency Modules The Intergrated Led Emergency Modules is match the compact LED fittings to improve the emergency function. Normally it is workable for small wattage from 3-60W LED panels, downlights, led tubes, tri-proof ceilings. Full power output or half power emergency output is optional. Customized emergency lighting time is available. Automatic lighting up when main power failures. 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Sample survey of tax reduction and reduction in Jiangsu: The cost of enterprises is significantly reduced, and downstream consumers are benefiting
Abstract Since April 1 the VAT rate will be reduced, Business Herald reporter in the 21st century after another survey interviewed some of Jiangsu enterprises, tax cuts drop fee policy for these enterprises to reduce costs significantly and so good. When companies enjoy the policy dividend, they can directly benefit consumers, or indirectly reduce consumers...