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In order to promote the substantive tax reduction of value-added tax, after the executive meeting of the State Council on March 20 clarified the supporting measures for value-added tax reduction, on the afternoon of March 21, Premier Li Keqiang of the State Council went to the Ministry of Finance and the State Administration of Taxation to investigate in depth the latest progress of larger-scale tax reduction, so as to encourage the two departments. subsequently, the ministry of finance, the state administration of taxation, and the general administration of customs jointly issued the 'announcement on policies related to deepening the value-added tax reform, the State Administration of Taxation issued the "Announcement on Matters Related to Deepening Value-Added Tax Reform", "Work Plan for Deepening Value-Added Tax Reform in 2019", "Notice on Doing a Good Job in the First Phase of Deepening Value-Added Tax Reform in 2019", "Notice on Issuing Export Refund-1.html"> Export Refund Rate Library 2019B Edition "and" Announcement on Adjusting Matters Related to VAT Tax Declaration ".

Huang Zhilong, director of the Macroeconomic Research Center of the Suning Institute of Finance, told a reporter from the Securities Daily that the scale of tax reduction and fee reduction in 2019 is nearly 2 trillion yuan, and the reduction of the value-added tax rate is undoubtedly the main measure of this tax reduction policy. According to estimates, only the value-added tax The tax rate is lowered and deductions are increased, and the scale of tax cuts may reach about 800 billion yuan.

Zhang Yiqun, vice chairman of the China Special Committee on Budget performance, told the Securities Daily that this year's tax reduction is unprecedented, and it is expected that the value-added tax reduction alone will exceed 850 billion yuan.

Zhang Yiqun said that in addition to the implementation of the inclusive tax reduction to reduce the value-added tax rate of the manufacturing and transportation industries, the tax reduction policy to further expand the scope of input tax deduction has also been implemented. It can be said that the expansion of the scope of input tax deduction is a "point-to-point" precise tax reduction measure implemented for specific fields and specific links of operation and management in the industry.

The announcement issued by the three departments stipulates that if general VAT taxpayers (hereinafter referred to as taxpayers) engage in VAT taxable sales or import goods, the tax rate will be adjusted to 13% if the original 16% tax rate is applicable. The original application of 10% tax rate, the tax rate adjusted to 9%; Taxpayers purchase agricultural products (6.290, 0.17, 2.78), the original application of 10% deduction rate, the deduction rate adjusted to 9%. Taxpayers who purchase agricultural products for the production or entrusted processing of 13% tax rate goods shall calculate the input tax according to the deduction rate of 10%.

For export goods and services with an original 16% tax rate and an export tax rebate rate of 16%, the export tax rebate rate will be adjusted to 13%; For export goods and cross-border taxable acts with an original 10% tax rate and an export tax rebate rate of 10%, the export tax rebate rate will be adjusted to 9%; For overseas passengers shopping for departure tax refund items subject to a 13% tax rate, the tax rebate rate is 11%; For overseas passengers shopping for departure tax refund items, the tax refund rate is 8%.

In this regard, Zhang Yiqun said that the corresponding adjustment of the export tax rebate rate of some goods and services, the deduction rate applicable to the purchase of agricultural products, etc., and the use of import and export tax rebate adjustment will help stabilize and expand the export of goods and services, and increase the import of agricultural products and other necessities for the national economy and people's livelihood. It will play an effective role in adjusting and optimizing the industrial structure and improving the quality of life of residents.

The announcement made it clear that from April 1, 2019, the input tax of real estate or real estate construction in progress will no longer be deducted for two years.

Zhang Yiqun believes that the input tax paid by taxpayers to obtain real estate should be changed from two-year deduction to one-time full deduction, increasing taxpayers' current deductible input tax, reducing the number of deductions to facilitate enterprise tax accounting, and more importantly, it can stimulate enterprises' willingness to invest independently, expand production and improve technology.

The announcement stipulates that when taxpayers purchase domestic passenger transport services, their input tax amount is allowed to be deducted from the output tax amount.

Zhang Yiqun said that the inclusion of passenger transport services in the deduction expands the scope of deduction, which is conducive to promoting the passenger transport industry to increase passenger flow, improve services, reduce costs, improve quality and efficiency.

The announcement makes it clear that from April 1, 2019 to December 31, 2021, taxpayers in production and living services are allowed to add 10% of the current deductible input tax to offset the tax payable.

Zhang Yiqun said that for taxpayers whose main business is postal, telecommunications, modern services and life services, the tax payable will be deducted by 10% of the input tax, and the tax reduction can benefit ordinary people widely.

Starting from April 1, 2019, the VAT final retention tax refund system will be piloted. In this regard, Zhang Yiqun believes that the new tax credit added by taxpayers after the implementation of the policy should be refunded in accordance with relevant regulations, which is tantamount to a clear stipulation on the collection and occupation of value-added tax after tax reduction, and the implementation of tax credit will be refunded immediately. it is conducive to better invigorating enterprise funds, reducing enterprise financial expenses, and alleviating enterprise financial difficulties.

In addition, the "Plan" innovatively integrated 20 hard measures, requiring local tax authorities to broaden the local "maximum run once" list and announce the implementation to the public in various ways in deepening the VAT reform, so as to ensure that VAT taxpayers will issue invoices smoothly on April 1 and declare smoothly on May 1. The General Administration of Taxation will organize and carry out a taxpayer demand survey in due course, covering 1 million small and micro enterprises across the country, to understand the implementation of tax and fee reduction policies.