Tax and fee cuts were targeted to stabilize expectations

In 2023, tax and fee reductions played a crucial role in stabilizing the economy and stabilizing expectations. In accordance with the deployment of the Party Central Committee and The State Council, the finance and taxation departments have continued to optimize and improve a series of preferential tax policies in 2023, and the new tax cuts and tax rebates in the first 11 months of the country have exceeded 1.8 trillion yuan. Real gold and silver tax concessions warm people's hearts and strengthen confidence, not only for the majority of enterprises to reduce the burden and increase force, but also for the economic recovery to inject more energy.
The policy system has been improved
Focus on continuity and precision are the characteristics of 2023 tax incentives. "Taxes come from the economy and act on the economy. The tax and fee reduction policy in 2023 will effectively reduce the burden on enterprises and individuals, implement the work of guaranteeing the bottom line for special groups, enhance people's consumption power, boost the confidence of enterprises in development, and promote the effective improvement of the quality and reasonable growth of the economy." Southwest University of Finance and Economics professor Liu Rong said.
"In accordance with the requirements of 'active fiscal policy to strengthen efficiency, pay attention to precision and more sustainable', since 2023, the policy system of tax incentives has been improved around promoting economic stability and promoting high-quality development." Wang Zecai, a researcher at the Chinese Academy of Fiscal Sciences, said that a series of policies focused on helping the real economy, promoting scientific and technological innovation, expanding consumption, and promoting stable foreign trade and foreign investment, which not only effectively help enterprises rescue, but also further promote the improvement of the tax system.
In the promotion of scientific and technological innovation, focus on research and development investment, venture capital, research and development equipment, key industrial chains, encourage entrepreneurship and innovation five aspects, continue and optimize and improve a number of preferential tax policies. For example, we will increase the proportion of pre-tax deductions for R&D expenses of enterprises in relevant industries, and implement this policy as an institutional arrangement for a long time to further create a good tax environment that encourages enterprises to invest in innovation. We will continue to implement preferential tax policies for venture capital enterprises, continuously consolidate the dominant position of enterprises in innovation, and strengthen enterprises