Jin Guanping: Tax reduction and fee reduction need to continuously improve policy effectiveness

Jin Guanping

The Ministry of Finance recently stated that a larger scale of tax and fee reductions will be implemented this year, and market players will have a greater sense of gain

Reducing taxes and fees is a key measure for China to implement a proactive fiscal policy and help enterprises bail out

First, we must properly handle the relationship between tax cuts and fee reductions and fiscal revenue

The state attaches great importance to the impact of tax reduction and fee reduction on local fiscal revenue, and the central government will significantly increase transfer payments to local governments, which will undoubtedly strengthen the confidence of local governments to implement tax reduction and fee reduction

Second, tax and fee reductions must be put in place

From the audit reports and supervision reports in recent years, it can be seen that arbitrary charges, arbitrary fines, and arbitrary apportionment have occurred in some places, which has seriously increased the burden on enterprises

Third, we must pay attention to the coordination of tax cuts and fee reductions with other corporate relief policies

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