Legal basis: Article 2 of the Notice of State Taxation Administration of The People's Republic of China, People's Republic of China (PRC) on Further Implementing Simple Administration of Tax Reduction and Duty Reduction Measures to Better Serve Economic and Social Development faithfully implements various tax reduction policies.
Tax authorities at all levels should conscientiously implement the tax reduction measures that have been introduced by the state, especially a series of preferential policies introduced this year, such as reducing the VAT rate, expanding the scope of VAT refund, relaxing the standard that small and low-profit enterprises can enjoy the preferential treatment of corporate income tax by half, allowing a one-time pre-tax deduction for newly purchased equipment and appliances with a unit price of less than 5 million yuan, and canceling the deduction limit for entrusted overseas R&D expenses, so as to create a good environment for promoting mass entrepreneurship and innovation, promoting the transformation and upgrading of the real economy and enhancing social creativity. It is necessary to firmly establish the concept that failure to implement preferential tax policies is also "excessive tax", further strengthen the publicity and guidance of tax policies, promptly remind and help taxpayers to enjoy preferential tax policies, and ensure that all tax reduction policies promulgated by the state should be known and enjoyed. It is necessary to strengthen the follow-up analysis of the policy effect, find and improve the weak links in the implementation in time, ensure the effectiveness of the policy, and not add any unfavorable factors to the economic operation.