From next month, small and micro enterprises with sales no more than 20000 will be exempted from VAT business tax

Premier Li Keqiang presided over the executive meeting of the State Council on the 24th, deciding to further fair the tax burden and temporarily exempt the value-added tax and business tax of some small and micro enterprises; studying and determining measures to promote trade facilitation and promote the stable development of import and export; deploying and reforming the railway investment and financing system, and accelerating the railway construction in the central and western regions and poverty-stricken areas According to the meeting, China's economic operation is in a reasonable range at present We should base ourselves on the current situation and take a long-term view, give full play to the positive role of structural adjustment and Reform in stabilizing growth, and constantly enhance the development potential and endogenous power We should make more efforts to create a fair, open and convenient market environment, think more about ways to stimulate the vitality of market players, strengthen the construction of weak links, give full play to the role of market mechanisms, release reform dividends, and inject inexhaustible power into the sustainable and healthy development of the economy The meeting pointed out that the large number of small and micro enterprises, the vast majority of which are private enterprises, play an important role in promoting economic development, promoting market prosperity and expanding employment In order to support the development of small and micro enterprises, the meeting decided to activate the existing financial funds by adjusting the expenditure structure and alleviate the contradiction between financial revenue and expenditure According to the principle of fair tax burden, from August 1 this year, small-scale VAT taxpayers and business tax payers whose monthly sales volume of small and micro enterprises does not exceed 20000 yuan will be exempted from VAT and business tax temporarily, and relevant long-term mechanism will be studied as soon as possible This will enable eligible small and micro enterprises to enjoy the same tax policies as individual businesses, bring benefits to more than 6 million small and micro enterprises, and directly affect the employment and income of tens of millions of people The meeting pointed out that at present, China's economic and trade environment is complex and severe, and the growth rate of import and export has slowed down significantly We should improve the level of trade facilitation and enhance the competitiveness of enterprises through institutional innovation First, we will formulate measures to facilitate customs clearance, promptly introduce the reform plan of "one declaration, one inspection and one release", and gradually implement it at ports across the country Second, we will rectify the operational charges in the import and export sector and reduce administrative charges The legal inspection fee for export commodities is temporarily exempted In principle, no export inspection shall be carried out for manufactured products We need to study the reform plan for the statutory inspection system Third, encourage financial institutions to increase support for enterprises and projects with orders and benefits, develop short-term export credit insurance business and expand insurance scale Fourth, support the comprehensive foreign trade service enterprises to provide financing, customs clearance, tax refund and other services for the export of small and medium-sized private enterprises Create conditions to implement zero tax rate for service exports and gradually expand service imports Fifth, we should actively expand the import of commodities and increase the scale of import discount funds We will improve various forms of trade and promote border trade Sixth, we should strive to promote the basic balance of international payments and maintain the basic stability of the RMB exchange rate at a reasonable and balanced level The meeting emphasized that railway is an important national infrastructure and livelihood project, and a resource-saving and environment-friendly mode of transportation In accordance with the basic ideas of overall planning, multiple investment, market operation and policy support, we should promote the reform of railway investment and financing system, which is another major reform measure after the reform of railway institutions and the separation of government and enterprise Through reform, the railway construction market will be fully opened, and priority will be given to the construction of Railways and related facilities in the central and western regions and the poor areas This will effectively promote poverty alleviation, promote coordinated regional development, actively and steadily promote urbanization, and better realize the people's urgent expectation of improving production and living conditions and increasing income To this end, first, we need to raise construction funds in various ways and channels, and attract social capital investment and set up railway development funds under the guidance of central financial funds We will innovate the types and methods of issuance of railway bonds Second, we should open the ownership and management rights of intercity railway, suburban railway and resource development Railway to local and social capital Third, we should make greater efforts to activate the railway land resources, do a good job in comprehensive development and utilization, so as to support the railway development with the development income Fourth, we need to speed up the preliminary work, so that the key projects identified in the 12th Five year plan can be started in time, and they can be carried out according to a reasonable construction period to ensure the quality of the project The meeting also deliberated and adopted the railway safety management regulations (Draft) The meeting stressed that we should continue to do a good job in the earthquake relief work in Dingxi, Gansu Province, so that the people in the disaster area can be properly resettled In view of the situation that various kinds of natural disasters are likely to occur frequently in the near future, all regions and departments should, in the spirit of being highly responsible for the people, do a good job in preventing and responding to disasters, so as to ensure the safety and basic life of the people.