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    Home > Active Ingredient News > Feed Industry News > Prime Minister announces manufacturing tax cuts! Reduce the burden of corporate social security! Chemical enterprises note that each one is related to you!

    Prime Minister announces manufacturing tax cuts! Reduce the burden of corporate social security! Chemical enterprises note that each one is related to you!

    • Last Update: 2020-08-02
    • Source: Internet
    • Author: User
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    ;On
    5, the second session of the 13th National People's Congress opened in the Great Hall of the People, and Premier Li Keqiang, on behalf of the State Council, delivered a government work report to the meeting. Chemical enterprises ushered in a major positive, these points must not be missed!
    DvE .Larger tax cuts for manufacturing
    DvEreducing the current 16 per cent tax rate for industries such as manufacturing to 13 per cent;
    DvE .Reduce the current 10% tax rate in industries such as transportation and construction to 9%;
    DvE .ensure that the tax burden on all industries is reduced only without increase;
    DvE .Grasp the introduction of the small micro-enterprise inclusive tax reduction policy at the beginning of the year.
    DvE .Chemical industry occupies an important position in the national economy and is an indispensable part of the national economy. The penetration of the chemical industry into all aspects is the basic industry and pillar industry of our country. According to the Ministry of Industry and Information Technology, the annual value added of the petroleum and chemical industry increased by 4.6% YoY in 2018, while the main business revenue was RMB12.40 trillion, up 13.6% YoY, and the total profit was RMB839.38 billion, up 32.1% YoY.
    DvE .The value-added tax rate of the manufacturing industry decreased by 3 percentage points, and the transportation tax rate decreased by 1 percentage point, which is indeed a significant positive for chemical production enterprises and logistics enterprises! This big tax cut is a major measure to reduce the burden of enterprises and stimulate market vitality, chemical companies are expected to further improve their earnings.
    DvE .In 2019, with several major refining integration projects into production, China's chemical product supply has been from the overall quantity shortage to structural shortage, bulk general-grade products face overcapacity, and high-end chemicals still need to be broken. Tax reduction for chemical enterprises and lower circulation costs will enable enterprises to invest more in research and development and new projects, for the future development of a solid foundation.
    DvE .Reduce the burden of social security contributions
    DvEreduce the proportion of basic old-age insurance units for urban workers, which can be reduced to 16%;
    DvE .We shall not adopt the practice of increasing the actual contribution burden of small and small enterprises, and shall not collect the historical arrears on our own;
    DvE .The policy of reducing unemployment and work-related injury insurance rates will continue to be implemented.
    DvE .Low social insurance premiums are basically the "secrets" that are openly published in the industry. Small and medium-sized enterprises are particularly large among enterprises that do not pay their full social security fees, do not pay them on time, and are underpaid. According to data from third-party institutions, only 24.1 per cent of enterprises with a fully compliant social security contribution base before the social security levy reform. Why is the proportion of social security compliant companies so low? High rates are fundamental.
    DvE .This reduction of the proportion of social security contributions, really achieved a "tax reduction and negative", for all chemical enterprises, especially small and medium-sized enterprises are a real positive.
    DvE .The government's work report proposes to ensure that tax cuts and reductions are in place. It is a fair and efficient policy to cut taxes and reduce fees to hit the pain points and difficulties of the current market subjects. Reduce the burden of corporate tax revenue and social security contributions by nearly 2 trillion yuan throughout the year.
    DvE .To reform to promote the reduction of enterprise-related charges
    DvEto reduce the cost of electricity in the manufacturing industry, the average electricity price of general industry and commerce by another 10%;
    DvE .  reduce the cost of crossing the bridge, the management of unreasonable approval and arbitrary charges for passenger and freight vehicles, arbitrary fines;
    DvE .  Within two years, the basic abolition of the national highway provincial boundary toll station;
    DvE .  cancel or reduce a number of railway and port charges;
    DvE .  Special governance intermediary services charges.
    DvE .  In the chemical enterprises in the various costs, electricity has become the raw material costs, labor costs after one of the largest costs, especially in some high energy-consuming enterprises, electricity has become the most important cost. According to the National Bureau of Statistics, the chemical industry used 407.3 billion kWh of electricity in the January-November 2018, up 2.6% year-on-year. The chemical industry has developed rapidly in recent years, and its relative power consumption is increasing day by day. This fee reduction "good", will greatly reduce the pressure on the production and operation of enterprises. For the direct benefit of the "electricity giant" chemical enterprises, this is undoubtedly a great news.
    DvE .  We will continue to promote pollution prevention and control
    DvE by 3% in sulfur dioxide and nitrogen oxide emissions, and chemical oxygen demand and ammonia nitrogen emissions by 2%;
    DvE .  We will continue to carry out the control of air pollution in and around Beijing, Tianjin, Yangtze River Delta and Fujian Plain, and strengthen the control of the three major sources of pollution, such as industry, coal burning and motor vehicles.
    DvE .  Recently, in order to punish environmental pollution illegal and criminal activities in accordance with the law, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, the Ministry of Justice and the Ministry of The Ecological Environment jointly issued the Minutes of the Symposium on Handling Criminal Cases of Environmental Pollution today, in response to and regulations on the key difficulties in handling environmental pollution criminal cases.
    DvE .  For chemical companies and chemical parks, 2019 will usher in higher environmental requirements and more stringent pollution penalties. And the second round of "environmental inspection" is also about to start! Starting this year, the Ministry of Ecology will take three years to complete the full coverage of the routine inspection, and another 1 year to complete the second round of inspectors "look back." This time, it's broader and more sophisticated. Relevant departments and state-owned enterprises will be the object of inspection, will also apply satellite remote sensing, infrared identification, drones and other high-tech technology.
    DvE .  The days of casual emissions and extensive production and operation are gone. Chemical enterprises through innovation to drive product upgrading, improve the level of enterprise technology, environmental protection management to meet the standard emissions, the production of high value-added products, enhance the core competitiveness of enterprises, it is urgent.
    DvE .  To ease the financing difficulties
    DvE to increase the targeted downgrade of small and medium-sized banks, the release of funds are all used for private and micro-enterprise loans. We will support large commercial banks to replenish their capital through various channels, enhance their ability to invest in credit, and encourage the increase of medium- and long-term loans and credit loans in the manufacturing sector. This year, the state-owned large commercial banks small enterprise loans to increase by more than 30%.
    DvE .  Financing difficulties, financing expensive has been a problem that plagues small and medium-sized enterprises, chemical enterprises transformation and upgrading lack of credit support. "The average interest rate on corporate loans is 7.8 per cent, but many SMEs typically have more than 20 per cent of the cost of financing, and some even more." Some netizens said that for small and medium-sized chemical enterprises, the general loan can only be used as a pledge to obtain bank loans, but even so, there are many enterprises simply can not get loans.
    DvE .  After the implementation of the policy, the problem of private chemical enterprises, especially small and small enterprises, financing difficulties and expensive financing has been effectively alleviated, which will fully stimulate the vitality and creativity of the private economy.
    DvE .  The conclusion of the
    DvE the national two sessions have begun, which is an annual event in the country's political life. The two conferences will summarize the national economy and people's livelihood over the past year, and representatives from all walks of life will put forward their views and suggestions. The editor-in-chief will continue to pay attention to the progress of this year's two sessions, pay attention to the future of China's economy, look at the direction of the chemical industry development
    DvE
    ; On
    5, the second session of the 13th National People's Congress opened in the Great Hall of the People, and Premier Li Keqiang, on behalf of the State Council, delivered a government work report to the meeting. Chemical enterprises ushered in a major positive, these points must not be missed!
    DvE .  Larger tax cuts for manufacturing
    DvE reducing the current 16 per cent tax rate for industries such as manufacturing to 13 per cent;
    DvE .  Reduce the current 10% tax rate in industries such as transportation and construction to 9%;
    DvE .  ensure that the tax burden on all industries is reduced only without increase;
    DvE .  Grasp the introduction of the small micro-enterprise inclusive tax reduction policy at the beginning of the year.
    DvE .  Chemical industry occupies an important position in the national economy and is an indispensable part of the national economy. The penetration of the chemical industry into all aspects is the basic industry and pillar industry of our country. According to the Ministry of Industry and Information Technology, the annual value added of the petroleum and chemical industry increased by 4.6% YoY in 2018, while the main business revenue was RMB12.40 trillion, up 13.6% YoY, and the total profit was RMB839.38 billion, up 32.1% YoY.
    DvE .  The value-added tax rate of the manufacturing industry decreased by 3 percentage points, and the transportation tax rate decreased by 1 percentage point, which is indeed a significant positive for chemical production enterprises and logistics enterprises! This big tax cut is a major measure to reduce the burden of enterprises and stimulate market vitality, chemical companies are expected to further improve their earnings.
    DvE .  In 2019, with several major refining integration projects into production, China's chemical product supply has been from the overall quantity shortage to structural shortage, bulk general-grade products face overcapacity, and high-end chemicals still need to be broken. Tax reduction for chemical enterprises and lower circulation costs will enable enterprises to invest more in research and development and new projects, for the future development of a solid foundation.
    DvE .  Reduce the burden of social security contributions
    DvE reduce the proportion of basic old-age insurance units for urban workers, which can be reduced to 16%;
    DvE .  We shall not adopt the practice of increasing the actual contribution burden of small and small enterprises, and shall not collect the historical arrears on our own;
    DvE .  The policy of reducing unemployment and work-related injury insurance rates will continue to be implemented.
    DvE .  Low social insurance premiums are basically the "secrets" that are openly published in the industry. Small and medium-sized enterprises are particularly large among enterprises that do not pay their full social security fees, do not pay them on time, and are underpaid. According to data from third-party institutions, only 24.1 per cent of enterprises with a fully compliant social security contribution base before the social security levy reform. Why is the proportion of social security compliant companies so low? High rates are fundamental.
    DvE .  This reduction of the proportion of social security contributions, really achieved a "tax reduction and negative", for all chemical enterprises, especially small and medium-sized enterprises are a real positive.
    DvE .  The government's work report proposes to ensure that tax cuts and reductions are in place. It is a fair and efficient policy to cut taxes and reduce fees to hit the pain points and difficulties of the current market subjects. Reduce the burden of corporate tax revenue and social security contributions by nearly 2 trillion yuan throughout the year.
    DvE .  To reform to promote the reduction of enterprise-related charges
    DvE to reduce the cost of electricity in the manufacturing industry, the average electricity price of general industry and commerce by another 10%;
    DvE .  reduce the cost of crossing the bridge, the management of unreasonable approval and arbitrary charges for passenger and freight vehicles, arbitrary fines;
    DvE .  Within two years, the basic abolition of the national highway provincial boundary toll station;
    DvE .  cancel or reduce a number of railway and port charges;
    DvE .  Special governance intermediary services charges.
    DvE .  In the chemical enterprises in the various costs, electricity has become the raw material costs, labor costs after one of the largest costs, especially in some high energy-consuming enterprises, electricity has become the most important cost. According to the National Bureau of Statistics, the chemical industry used 407.3 billion kWh of electricity in the January-November 2018, up 2.6% year-on-year. The chemical industry has developed rapidly in recent years, and its relative power consumption is increasing day by day. This fee reduction "good", will greatly reduce the pressure on the production and operation of enterprises. For the direct benefit of the "electricity giant" chemical enterprises, this is undoubtedly a great news.
    DvE .  We will continue to promote pollution prevention and control
    DvE by 3% in sulfur dioxide and nitrogen oxide emissions, and chemical oxygen demand and ammonia nitrogen emissions by 2%;
    DvE .  We will continue to carry out the control of air pollution in and around Beijing, Tianjin, Yangtze River Delta and Fujian Plain, and strengthen the control of the three major sources of pollution, such as industry, coal burning and motor vehicles.
    DvE .  Recently, in order to punish environmental pollution illegal and criminal activities in accordance with the law, the Supreme People's Court, the Supreme People's Procuratorate, the Ministry of Public Security, the Ministry of Justice and the Ministry of The Ecological Environment jointly issued the Minutes of the Symposium on Handling Criminal Cases of Environmental Pollution today, in response to and regulations on the key difficulties in handling environmental pollution criminal cases.
    DvE .  For chemical companies and chemical parks, 2019 will usher in higher environmental requirements and more stringent pollution penalties. And the second round of "environmental inspection" also.
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