The State Council executive meeting held on February 14, 2022, pointed out that the industrial and service sectors in the economic development of the stabilization of employment plays a backbone support role.

The current economic stabilization and recovery situation is still not solid, the service industry due to the impact of the epidemic and other special difficulties exist in the industry, the near future to grasp the introduction of measures to increase support, including a series of tax measures.

The meeting was again clear for catering, retail, tourism, transportation and other special difficulties in the industry, in the stage of tax relief, part of the social security premiums to slow down the payment of other aspects of support, to promote stable employment and consumption recovery.

01 Extension of tax relief policy for manufacturing SMEs

In 2022, the new acquisition of equipment and apparatus worth more than 5 million yuan for SMEs can be deducted at one time before tax for depreciation of three years, and can be deducted by half for depreciation of four years, five years and 10 years.

Expand the scope of the "six taxes and two fees" reduction and exemption policy for venues to all small and micro-profit enterprises and individual business households.

02 guidance to strengthen financial services

The People's Bank of China has provided incentive funds to support the increase of inclusive small and micro-credit, to promote faster growth of medium- and long-term loans to the manufacturing industry, and to promote the steady decline in the cost of comprehensive financing for enterprises.

The meeting also made it clear that the promotion of the manufacturing industry to strengthen the chain of complementary chain and industrial infrastructure reconstruction, accelerate the construction of new infrastructure, key areas of energy saving and carbon reduction technology transformation, expanding effective investment.

03 2022 VAT exemption for public **** transportation services

The executive meeting mentioned that in 2022, VAT exemption for public transportation services such as buses and long-distance passenger transport, wheeled ferries, cabs and other public **** transportation services.

Continue to 80% of the proportion of temporary refund of the quality of tourism services deposit.

For small and micro enterprises in the service industry and individual entrepreneurs renting state-owned housing, this year is classified as a high-risk area in the outbreak of the six months of rent reduction and waiver, and other areas of the three months of rent reduction and waiver.

Regions can rent non-state-owned housing service sector small and micro enterprises and individual business households to give appropriate assistance; rent reduction of housing owners, according to the provisions of this year's property tax, urban land use tax reduction.