2011 will continue to implement structural tax cuts

According to news from the Ministry of Finance, in response to the impact of the international financial crisis and promoting economic recovery, China has introduced preferential policies on income tax for some small, meager, profit-making enterprises, and implement trade-in policies for household appliances, automobiles, motorcycles, and home appliances. Purchasing energy-saving cars to give subsidies and a series of fiscal and tax incentives. These measures have played an important role in expanding domestic demand, promoting energy conservation and emission reduction, and promoting stable and rapid economic development. Continuing to implement structural tax cuts is one of the important aspects of the proactive fiscal policy in 2011.

It is understood that the state will continue to implement preferential income tax policies for some small profit-making enterprises to support the development of SMEs. This includes: Implement various tax and fee reduction policies, promote the upgrading of industrial structure and the development of service industries; Implement preferential tax policies that are conducive to energy conservation, emission reduction, environmental protection, and employment increase; Continue to clean up and regulate administrative fees and government funds projects . In addition, in order to speed up the structural adjustment and upgrade of the automobile industry and promote energy conservation and emission reduction and resource recycling, the government continued to adopt a financial subsidy policy in 2011 to support the comprehensive promotion of energy-saving vehicles and increase the demonstration and promotion of new energy vehicles, and continue to implement subsidies for the retirement of old automobiles. policy.