21
2023
-
06
22 items! Announcement of Key Tasks for Cost Reduction in 2023
Recently, the National Development and Reform Commission and four other departments issued a notice on the key work of cost reduction in 2023, proposing 22 key tasks in eight aspects: enhancing the accuracy and pertinence of tax and fee preferential policies, improving the quality and efficiency of financial services for the real economy, alleviating the pressure on enterprise labor costs, and stimulating internal potential tapping.
The notice clearly stipulates the implementation of supporting policies such as taxation and first set insurance compensation to promote the transformation and upgrading of traditional industries and the development of strategic emerging industries. We will introduce targeted tax and fee reduction policies for areas such as technological innovation and key industrial chains.
Reduce the cost of raw materials for enterprise land use. The notice proposes to implement the policy of industrial land allocation, encourage the use of long-term leasing, leasing before leasing, and flexible annual supply to supply industrial land, and effectively reduce the initial investment of enterprises. We will ensure the supply and stable prices of energy and important raw materials, and continue to implement a zero tariff policy on coal imports. Strengthen the domestic exploration and development of important energy and mineral resources, increase storage and production, and improve the collection and management policies for mining rights transfer profits. Strengthen the connection between raw material production and demand, and promote the linkage between the upstream and downstream of the industrial chain.
The 22 key tasks are summarized as follows
（1） Improve tax and fee preferential policies
By the end of 2023, small-scale taxpayers with monthly sales revenue of less than 100000 yuan will be exempt from value-added tax. For small-scale taxpayers, a 3% tax rate will be applied to reduce their taxable sales revenue by 1%, and a 5% and 10% value-added tax deduction will be implemented for taxpayers in the production and living service industries. Before the end of 2024, the portion of the annual taxable income of small low-profit enterprises that does not exceed 1 million yuan shall be reduced by 25% and included in the taxable income, and the enterprise income tax shall be paid at a 20% tax rate; On the basis of the current preferential policies, Personal income tax will be halved on the part of the annual taxable income of individual businesses that does not exceed 1 million yuan. The policy of halving the urban land use tax on the land used for bulk commodity storage facilities in logistics enterprises and reducing the employment security fund for disabled people will be implemented until the end of 2027.
（2） Strengthen support in key areas
Implement supportive policies such as taxation and first unit (set) insurance compensation to promote the transformation and upgrading of traditional industries and the development of strategic emerging industries. Targeted tax and fee reduction policies will be introduced for areas such as technological innovation and key industrial chains, and the policy of increasing the pre tax deduction ratio of R&D expenses for eligible industry enterprises from 75% to 100% will be implemented as a long-term institutional arrangement.
（3） Carry out normalized management of enterprise related fees
Establish and improve a long-term mechanism for the supervision of enterprise related fees, timely revise and improve relevant systems, and promote the gradual integration of enterprise related fee governance into the track of rule of law and normalization. Focus on government departments and subordinate units, public utilities, finance and other fields of fees, and continue to carry out rectification of illegal fees related to enterprises. Continue to guide industry associations and chambers of commerce to proactively reduce, reduce, and cancel fees for enterprises facing difficulties in operation, especially small and micro enterprises.
（4） Creating a Good Monetary and Financial Environment
We will implement a sound monetary policy, comprehensively use a variety of monetary policy tools, maintain reasonable and sufficient liquidity, and maintain that the growth rate of Broad money M2 and social financing scale basically match the growth rate of the economy. Maintain basic