Professor of w88 casino: Value-added tax reform helps small and medium-sized enterprises reduce their tax burden
Sina Financial News 10month26Daily News, Regarding the State Council’s announcement today that the value-added tax reform will be piloted in Shanghai starting next year, Kong Shuhong, a professor at the w88 casino, said that the purpose of this move is to help small and medium-sized enterprises improve their financial capabilities and financing capabilities to solve the problems of operating difficulties and heavy tax burdens of small and medium-sized enterprises in recent years. She believes that this is the main reason for the reform and also the direction of the reform.
The State Council meeting decided from2012Year1month19107_9201
In the current value-added tax17%Standard tax rate sum13%New addition based on low tax rate11%and6%Two levels of low tax rates. During the pilot period, the business tax revenue originally attributed to the pilot area will still belong to the pilot area after the value-added tax is levied. The original business tax preferential policies for pilot industries can be continued and adjusted according to the characteristics of value-added tax. The value-added tax paid by taxpayers included in the reform pilot can be deducted according to regulations.
Kong Shuhong believes that under the current value-added tax17%Standard tax rate sum13%On the basis of low tax rate, new addition11%and6%Two levels of low tax rates will help the development of small and medium-sized enterprises. It can help solve the problems of operating difficulties and heavy tax burdens of small and medium-sized enterprises, and improve the financial and financing capabilities of small and medium-sized enterprises.“This policy will ultimately be implemented into industries and enterprises, demonstrating the country’s determination to support the development of the modern service industry.”
She said that the main reason for adjusting business tax to value-added tax is that value-added tax is easier to collect than business tax. Business tax is a tax levied on the turnover obtained by an enterprise based on the invoices issued. However, many companies fail to issue invoices in actual operations, resulting in the loss of tax revenue.
However, Sun Gang, a researcher at the Institute of Fiscal Science of the Ministry of Finance, believes that the effect of this value-added tax reform can only be evaluated after the specific reform details are announced in Shanghai at the end of the year. Because the reform involves different industries and regions, if it is to be promoted nationwide, it will first be piloted for one or two years, and continuous adjustments will be made during the pilot process. It will be difficult to roll it out all at once.(Liangyi Ruiwan from Shanghai)
Attachment: Original report link
http://finance.sina.com.cn/review/jcgc/20111026/201610696556.shtml
