The Prime Minister Announced Good News That The Financial Burden Of Enterprises Will Be Further Reduced!

- Mar 06, 2019-

On the morning of March 5, the second session of the 13th National People's Congress was opened in the Great Hall of the People. Premier Li Keqiang made a government work report on behalf of the State Council to the conference, clarifying that it will implement a larger tax cut in the future and reduce the burden of corporate social security contributions. Manufacturing costs, etc., this is a good news for the rubber companies operating in the low profit!

Premier Li Keqiang pointed out that in the future, the focus of national tax reduction will be on manufacturing and small and micro enterprises. By deepening the VAT reform, the current 16% tax rate for industries such as manufacturing will be reduced to 13%, ensuring a significant reduction in tax burdens in major industries, ensuring that all The industry tax burden will only decrease, and will continue to move toward the third-grade and two-speed tax rate and the simplified tax system.

At the same time, the state will also reduce the proportion of contributions paid by urban employees to the basic endowment insurance units. The proportion of contributions in various regions can be reduced to 16%. It is necessary to make the burden of guarantees for enterprises substantially reduced. For the large manufacturing enterprises in the rubber industry, the implementation of this policy Landing will effectively reduce the financial burden.

Premier Li Keqiang stressed that the government will deepen the reform of power marketization this year, clean up the electricity price additional charges, and strive to significantly reduce the cost of manufacturing electricity. The average industrial and commercial electricity price will be reduced by 10%.

In addition, the government report mentioned that this year will focus on alleviating the problem of difficult financing for corporate financing, reform and improve the mechanism of money and credit, and enhance the ability to deliver credit through timely use of deposit reserve ratio, interest rate and other means of price and price. Support the development of the real economy.

The government work report said that this year will also strive to optimize the development environment of the private economy. Adhere to the "two unwavering" to encourage, support and guide the development of the non-public economy. In accordance with the principle of competitive neutrality, we treat all types of ownership enterprises equally in terms of factor acquisition, access permit, operation and operation, government procurement, and bidding. We will build a new relationship between government and business, improve the communication mechanism between government and enterprises, stimulate entrepreneurship, and promote the development and upgrading of the private economy. The protection of property rights must be unshakable, and the violations must be punished according to law, and the mistakes must be corrected. We must work hard to create a good business environment, so that entrepreneurs can manage their business with peace of mind and do business with confidence.