The General Administration Of Taxation Has Revealed That The Export Tax Rebate Will Be Abolished On A Large Scale.
"At present, China's tax reform is in the stage of structural reform, the tax structure should be increased and reduced, basically the tax rate of domestic funded enterprises has been reduced, and the tax rate of foreign-funded enterprises has been improved. After the unification of income tax, the next step is the reform of value-added tax. In addition, the structural adjustment of import and export tax policies this year should be adjusted." Zhang Peisen, deputy director of the State Administration of Taxation Research Institute, told reporters yesterday.
Zhang Peisen said that this year, China's tax revenue growth will continue to be running at a high level, with a net increase of more than 1 trillion yuan and a 22% increase in tax revenue. In the next 3 to 5 years, tax growth will drop by about 10%.
He said that at present, tax reform is in the stage of structural reform. Tax structure is increasing or decreasing. Basically, domestic funded enterprises have been reduced, and the tax rate of foreign enterprises has improved. This is normal. Now, the key to lowering tax rates for mainland enterprises is the combination of the old and new policies, as well as the understanding and operation of policies.
"After the unification of income tax, the next step is the reform of value added tax," Zhang Peisen said. The state provides some conditions for enterprises to reduce or exemption from taxes. The VAT is the core issue to solve this problem.
At present, the implementation of production value-added tax, China's northeast and central pilot has been successful, should be accelerated and reduce the tax rate. In addition, we should speed up legislation and issue policy documents. Speed up the regulation policy of multi sector cooperation, such as abolishing export tax rebate.
Zhang Peisen disclosed that in terms of import and export, the structure of import and export tax policies should be adjusted this year. Now the foreign exchange reserve is 1 trillion and 680 billion, and the import and export tax should be adjusted according to the economic situation. The imported ones should be encouraged to import and the export should not be restricted. The next step is to abolish import and export tax rebates on a large scale and restrict the export of some enterprises.
In addition, for the stamp duty on stock market, Zhang Peisen believes that reducing stamp duty is a normal regressive regulation. He said that taxation is a means of regulating the trading links of the stock market, not a tool for rescuing the market. The high tax rate in China's stock market is rare in the world. When the stock market is low, the reduction of stamp duty is the right thing to do. We should give full play to the advantages of flexible tax adjustment.
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