The adjustment of tax policy of enterprises in Hubei has aroused widespread concern in business circles. Recently, Hubei Provincial Taxation Bureau launched a series of preferential tax policies to help enterprises resume their work, production and development.

First of all, Hubei Provincial Taxation Bureau issued a tax reduction and exemption policy for some small and medium-sized enterprises. Small and medium-sized enterprises are an important supporting force in Hubei. The implementation of tax reduction policy will have a positive effect on enterprises, effectively reduce their production costs and promote their development. In addition, for some special industries, such as catering and tourism, Hubei Provincial Taxation Bureau will also provide more preferential tax policies to support the development of these industries.

Secondly, the Hubei Provincial Taxation Bureau has strengthened the collection management, and will implement the tax system more strictly to prevent enterprises from evading taxes. In order to control tax revenue, the tax authorities will also take new measures to strengthen tax collection and management of enterprises, promptly investigate and deal with illegal acts of enterprises, and seriously deal with illegal acts.

For enterprises, how to deal with these policy adjustments? First of all, enterprises should fully abide by the law, standardize business practices, and avoid tax evasion. Secondly, enterprises should deeply understand the specific content of preferential tax policies, make full use of preferential policies to reduce the tax pressure and financial burden of enterprises and effectively improve their competitiveness.

Finally, as an enterprise, it should formulate its own financial management plan according to its own actual situation, and rationally plan its financial budget and reduce its tax burden under the background of tax policy adjustment.

In a word, the adjustment of enterprise tax policy by Hubei Taxation aims at helping enterprises to resume their work, production and development, and at the same time strengthening tax collection and management and standardizing industry order. Enterprises should understand and seriously implement these policies, effectively improve their core competitiveness and make greater development and contribution.