Improve the structural tax cuts to guide consumption

Beijing, February 20, 2012 (ministry of finance minister xie xuren said in an interview with the learning times recently, in 2012, is China's implementation of the "twelfth five-year" plan key which forms a connecting link between the preceding year, to maintaining steady and rapid economic development, need to continue to play a role of fiscal policy support. Among them, China will improve the structural tax cuts so as to promote enterprise development and guide consumption.

Xie xuren said in 2012, is China's implementation of the "twelfth five-year" plan key which forms a connecting link between the preceding year. Our country is still at an important period of strategic opportunities of development, the fundamentals of the economy is good, further development has many favorable conditions. But also should see, 2012 domestic and international environment will remain very complex, the world economic uncertainty instability rise, domestic economic development and social management exists many difficulties and challenges. In this context, to maintaining steady and rapid economic development, the need to continue to play a role of fiscal policy support.

Xie xuren said, perfect structural tax cuts, and guide the consumer to promote enterprise development. Reduce part of import tariffs on goods, increase energy resources products, advanced equipment and key parts imported products. Implement improve the value-added tax and business tax minimum threshold stipulated policies to reduce the financial burden of small miniature enterprise of taxes and fees, we will continue to implement the small profit-making enterprise income tax preferential policies. In Shanghai's transportation industry and part of the modern service industry to carry out the business tax levied VAT pilot, and steadily expand the scope of the pilot, promote the development of service industry especially the modern service industry. Expanding the scope of the logistics enterprises business tax difference test, shall be exempted from VAT of vegetables wholesale and retail. Implement various tax reduction policy, promote the adjustment of industrial structure upgrade. Cancel charge unreasonable or illegal enterprises project, a comprehensive cleaning specification toll roads, reduce the financial burden on enterprise and society. (Beijing, finance and economics channel)