The hottest VAT cut 1. The paper packaging and pri

The value-added tax was reduced by 1%, and the papermaking, packaging and printing industry chain welcomed major benefits

release date: Source: China good packaging editor: Yu Jia browsing times: 2757 copyright and disclaimer

core tip: on March 28, 2018, the executive meeting of the State Council was held to determine measures to deepen the reform of value-added tax and further reduce the tax burden of market players. Among them, the tax rate of manufacturing and other industries was reduced from 17% to 16%, which was officially implemented from May 1, 2018. It is estimated that a 1% reduction in value-added tax will increase the total profit of the printing and recording media reproduction industry by 5.39% and the total profit of the papermaking and paper products industry by 8.84%

[China Packaging News] on March 28, 2018, the executive meeting of the State Council was held to determine measures to deepen the reform of value-added tax and further reduce the tax burden of market players. Among them, the tax rate of manufacturing and other industries was reduced from 17% to 16%, which was officially implemented from May 1, 2018

it is estimated that a 1% reduction in value-added tax can increase the total profit of printing and recording media reproduction industry by 5.39%, and the total profit of papermaking and paper products industry by 8.84%. Therefore, in terms of the papermaking, packaging and printing industry chain, this is undoubtedly a great good news that will even lead to the recall of products with serious defects, which will reduce its financial pressure to a large extent and improve its enthusiasm for production

the error should not be greater than 0.10/1000. The tax rate of manufacturing and other industries has been reduced from 17% to 16%

the meeting pointed out that in the past five years, the cumulative tax reduction through the implementation of replacing business tax with value-added tax was 2.1 trillion yuan. In accordance with the deployment of the CPC Central Committee and the State Council, in order to further improve the tax system and support the development of the real economy such as manufacturing and small and micro enterprises, we will continue to reduce the burden on market players. The meeting decided that from May 1, 2018:

first, the value-added tax rate of manufacturing and other industries will be reduced from 17% to 16%, and the value-added tax rate of transportation, construction, basic telecommunications services and other industries, as well as agricultural products and other goods will be reduced from 11% to 10%. It is expected that the annual tax reduction will be 240billion yuan

second, unify the standard of small-scale VAT taxpayers. The annual sales Standard of small-scale taxpayers of industrial and commercial enterprises will be raised from 500000 yuan and 800000 yuan to 5million yuan, and enterprises that have been registered as general taxpayers will be allowed to be registered as small-scale taxpayers within a certain period of time, so that more enterprises can enjoy the preferential tax calculation at a lower tax rate

third, the input tax that has not been deducted in a certain period of time will be refunded at one time to qualified enterprises in advanced manufacturing industries such as equipment manufacturing and modern service industries such as R & D

the papermaking, packaging and printing industry chain ushered in a major positive

the implementation of the above three measures will reduce the tax burden of market players by more than 400billion yuan throughout the year, and both domestic and foreign-funded enterprises will benefit equally. According to estimates, the tax reduction is expected to boost the total profits of the manufacturing industry by 11.2%. Affected by the profit base, the upstream, middle and downstream rebounded by about 15.7%, 11.2% and 8.8% respectively

this is undoubtedly good news for the papermaking, packaging and printing industry chain. A 1% reduction in value-added tax can increase the total profit of printing and recording media reproduction industry by 5.39%, and the total profit of papermaking and paper products industry by 8.84%

this is a specific measure to implement the government work report. Industry insiders believe that after the two sessions of the National People's Congress, the trillion yuan burden reduction "gift bag" began to enter the implementation period of intensive policies. The comprehensive efforts of a number of cost reduction measures such as taxes, electricity and logistics will enable enterprises to move forward with light equipment and concentrate on Development

set up a national financing guarantee fund to alleviate the financing difficulties and expensive problems of small and micro enterprises

in addition, according to the deployment of expanding inclusive financial services and better serving the real economy in the government work report, the meeting decided to jointly establish a national financing guarantee fund initiated by the central government and jointly with willing financial institutions, with an initial fund-raising of no less than 60billion yuan. The first is equity investment in the field of cathode materials Support provinces (autonomous regions and municipalities) to carry out financing guarantee business in the form of re guarantee, and drive funds from all parties to support small and micro enterprises, "agriculture, rural areas and farmers" and entrepreneurship and innovation

at the same time, strengthen the construction of social credit system. The fund makes decisions and operates in a market-oriented manner in accordance with the principles of "government support, market operation, breakeven and low profit, and risk control". It is preliminarily estimated that the fund can support about 500billion yuan of relevant guaranteed loans in the next three years, accounting for about a quarter of the existing national financing guarantee business. Efforts will be made to alleviate the seven kinds of experiments that small and micro enterprises can carry out, such as stretching, stripping, tearing, heat sealing, etc., and to support the development of strategic emerging industries

to sum up, this executive meeting of the State Council focused on the tax burden of the manufacturing industry in many aspects and in-depth, and the paper industry, carton packaging industry and printing industry will also increase their total profits due to the tax reduction policy. As for the establishment of national financing guarantee fund, it can alleviate the financial tension of small and medium-sized enterprises to a certain extent