First of all, the reduction of corporate tax and fee costs has brought about the improvement of corporate profitability. Secondly, the individual tax reform increases residents' income and has a pulling effect on social consumption growth. Third, R&D expenses are added and deducted and then added to encourage enterprises to enhance their innovation ability. Fourth, as the main field of entrepreneurship and employment in China and an important subject of technological innovation, the vitality and confidence of the private economy have been significantly enhanced. Fifth, the real economy, which is the focus of tax reduction and fee reduction, has benefited significantly, and enterprises have increased investment.

Tax reduction and fee reduction include tax reduction and cancellation or suspension of administrative fees. Many users are not clear about the content and significance of the tax reduction and fee reduction policy. So what is the significance of the tax reduction and fee reduction policy?

1 Implement tax reduction and fee reduction, so that enterprises can release more profit margins. The reason why the country wants to implement a larger tax reduction and fee reduction policy is to let enterprises go into battle lightly and make the market development more dynamic. Reducing taxes and fees can also reduce the tax burden passed on by enterprises to consumers to a certain extent and boost the enthusiasm of market consumption.

Large-scale tax reduction and fee reduction can reduce the tax burden of listed companies, directly reduce the cost of enterprises, enhance the profitability of listed companies, and help enterprises effectively cope with market risks and cost pressures under the rising uncertainty of external economic environment.

The profit margin is further expanded, and the preferential policies for R&D expenses plus deduction directly reduce the R&D costs of enterprises. Enterprises have the power and financial resources to carry out R&D innovation and structural adjustment, promote enterprises to increase R&D investment and scientific and technological innovation, and seek new economic growth points.

Extended data:

"Tax reduction and fee reduction" includes two parts: "tax reduction and exemption" and "cancellation or suspension of administrative fees".

In the individual tax reform plan, some income items, such as wages and salaries, remuneration for labor services, remuneration for manuscripts, etc., will be taxed on an annual basis. The Ministry of Finance will also consider appropriately increasing the special expenses deduction items related to family livelihood, such as the education expenses of the "two-child" family and other special deduction items.

In terms of fee reduction, the fee reduction in 20 17 is about 200 billion yuan. The Ministry of Finance focuses on two tasks, including comprehensively cleaning up and standardizing government funds. After the reform is in place, the national government funds will remain 2 1 item; Cancel or stop collecting 35 enterprise-related administrative fees, and reduce the central enterprise-related fees by more than half, leaving 33 items.

Legal basis:

The first paragraph of Article 1 of the Notice of State Taxation Administration of The People's Republic of China on Further Implementing Measures of Reducing Tax and Burden by Simplifying Administration to Better Serve Economic and Social Development profoundly understands the significance of reducing tax and burden by simplifying administration. The CPC Central Committee and the State Council attached great importance to the work of reducing tax and burden by simplifying administration, and issued a series of policies and measures, which played a very important role in optimizing the business environment and promoting high-quality economic development. Since the beginning of this year, China's economy has maintained a generally stable and stable trend. At the same time, the economic operation is changing steadily, and it faces some new problems and challenges. In the current complicated economic situation at home and abroad, increasing the efforts to simplify administration, reduce taxes and reduce burdens will help stabilize employment, finance, foreign trade, foreign investment and expectations, and provide sustained and strong support for the long-term sound development of China's economy.