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HomeNewsFavorable policy keep the castle peak to win the future

Favorable policy keep the castle peak to win the future

2020-06-02
Recently, the 13th session of the National People's Congress was held in Beijing.In the government work report of the two sessions, a series of favorable policies for enterprises were clearly put forward to help enterprises overcome difficulties with the country's macro-control ability.
Reduce taxes and fees
According to the government's report, tax cuts and fees for enterprises need to be stepped up, which is expected to add more than 2.5 trillion yuan to enterprises' burdens in the whole year.
1. We have extended the tax and fee reduction policies that expire before June to the end of this year.
The payment of income tax on small and micro businesses and individual businesses will be postponed to next year.
This year, we will continue to lower the VAT rate and the old-age insurance rate for enterprises, and cut taxes and fees by about 500 billion yuan.
Ii. Cost reduction
1. A 5% cut in electricity prices for businesses was extended to the end of this year.
2. Average rates for broadband and dedicated lines are reduced by 15%.
3. The rent of state-owned real estate shall be reduced or exempted, and all kinds of owners shall be encouraged to reduce or postpone the rent, and policy support shall be provided.At the same time, it also stressed the firm crackdown on illegal charges.
Iii. Financial support
1. The policy of deferred repayment of principal and interest on loans to small, medium and micro enterprises will be extended to the end of march next year.
2. The loans for inclusive small and micro businesses should be extended, and the loans for other enterprises in difficulty should be extended.
3. Encourage Banks to substantially increase credit loans to small and micro businesses, primary loans, and loans that are not repaid.
4. The loan growth rate of inclusive small and micro businesses in large commercial Banks was higher than 40%.
5. Support enterprises to expand bond finance.
4. Energize
1. Restrictions on the registered business premises of small and micro businesses and individual industrial and commercial households will be relaxed.
2. Supporting the integrated development of large, medium and small enterprises.
3. Promote small and medium-sized Banks to replenish capital and improve governance to better serve small, medium and micro enterprises.
4. Settle the arrears owed by government agencies to private enterprises and small and medium-sized enterprises within the prescribed time limit.

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