Li Keqiang presided over the standing meeting of the State Council Measures to deepen the reform of value-added tax are set down by 1 percentage points in the construction industry.

Li Keqiang, Prime Minister of the State Council of the State Council of the Xinhua news agency, held a standing meeting of the State Council in March 28th to confirm the measures to deepen the reform of VAT, to further reduce the tax burden on the market, and to set up a national financing guarantee fund to alleviate the financing problems of small and micro enterprises and "three rural", and to report the progress of the reform of the State Council. To ensure that the organization reset and functional adjustment are in place on time; the working rules of the State Council (Revised Draft) are discussed and approved.
The meeting pointed out that over the past 5 years, the accumulated tax reduction has been reduced by 2 trillion and 100 billion yuan. According to the deployment of the Party Central Committee and the State Council, in order to further improve the tax system, support the development of the real economy, such as manufacturing, small and micro enterprises, and continue to reduce the burden of the market, the meeting decided from May 1, 2018 to reduce the value-added tax rate of manufacturing industries from 17% to 16%, and the transportation, construction, basic telecommunications services and other lines. The value added tax rate of the goods, such as industry and agricultural products, is reduced from 11% to 10%. It is expected to reduce the tax rate by 240 billion yuan for the whole year. Two is the standard of the unified VAT small taxpayer. The annual sales Standard of small scale taxpayers of industrial enterprises and commercial enterprises is up to 5 million yuan from 500 thousand yuan and 800 thousand yuan, and is allowed to be registered as general within a certain period of time. The taxpayer's enterprises are registered as small scale taxpayers to allow more enterprises to enjoy the preferential tax rate at lower rates. Three is a one-time refund for the advanced manufacturing industry, research and development and other modern service industries, such as the modern service industry and the power grid enterprises that have not been deducted from the entry tax in a certain period.
The implementation of the above 3 measures will reduce the total tax burden of the market by more than 400 billion yuan throughout the year, and both domestic and foreign enterprises will benefit equally.
According to the government work report on the expansion of inclusive financial services and better service to the real economy, the conference decided that the national financing guarantee fund was set up jointly by the central finance and jointly willing financial institutions. The first fund raising is not less than 60 billion yuan, and the provinces (districts) are supported by equity investment and re guarantee. To carry out the financing guarantee business, and to encourage all the funds to support small and micro enterprises, "three rural" and entrepreneurial innovation.
At the same time, we should strengthen the construction of the social credit system. In accordance with the principles of "government support, market operation, capital preservation and risk control", the fund will make decisions and operate in a market-oriented manner. Preliminary estimates, in the next 3 years, the fund can support a total of about 500 billion yuan in the related guarantee loans, accounting for the 1/4 of the existing national financing guarantee business, and focus on alleviating the financing difficulties and financing of the small and micro enterprises, "three rural" and so on, and supporting the development of strategic emerging industries.
The meeting pointed out that the institutional reform of the State Council is a major event of the State Council this year. The State Council has set up a special coordination group, and the relevant work is actively and steadily advancing.
The conference demands that the thought and action should be unified into the decision of the Party Central Committee, and the reform of the deepening of the institutions will be combined with the "administrative clothing", and the government's functions should be changed and optimized. We should adhere to the unity of power and responsibility, make the daily management fully responsible, respond to the mutual complement of the unexpected events, form the joint force of work, and never allow the emergence of the management "dead angle", and ensure that the reform of the State Council and the economic and social development work is smooth and orderly and coordinated, so as to ensure the completion of the main objectives of the whole year.
The meeting adopted the "rules of work of the State Council (Revised Draft)" and decided to submit it to the first plenary session of the State Council for deliberation. (China Construction newspaper)

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