This year's policy of large-scale withholding of taxes, such as tax refunds, has played a “live blood transfusion” role for the market owners represented by the listed companies. Data from the same flower ifind show that, as at 27 october, 2810 a stock listed companies had issued quarterly newspapers. In the first three quarters of the year, the taxes and fees received by the above-mentioned companies were returned totalling $25,78. 22 billion, an increase of 119. 8 per cent over the previous three quarters. After tax refunds, the total net expenditure on taxes and fees of 2810 listed companies in the first three quarters was $125,381 million, representing 5. 63 per cent of operating income, down from the same period last year。
According to baek yin, a professor at the faculty of fiscal and economic sciences of the central university of finance and economics, the net expenditure on corporate taxes and fees listed in the first three quarters has declined compared to the same period last year, indicating that a series of tax and revenue support policies have been in place in the country since this year, effectively reducing the burden of corporate taxes and fees and boosting enterprise growth。
Some of the listed companies disclosed in their quarterly newspapers the reasons for the change in the tax returns received, one of which was the application of vat to the refund. For example, on 27 october, the quarterly bulletin of hsw revealed that the company had received tax returns of $1,083. 3 million in the first three quarters, an increase of 300. 152 per cent over the same period of the previous year, mainly as a result of the value-added tax (vat) retained by the current subsidiary; and on the same day, the qhw newspaper indicated that the company had received tax returns of $617 million in the first three quarters, an increase of 188. 92 per cent over the same period of the previous year. The main factor is the increase in vat received during the reporting period。
On this basis, the most recent data published by the state tax administration show that between 1 january and 20 september, additional tax deductions and tax rebates exceeded $3. 4 trillion. Of this, vat credits amounted to $22. 11 billion。
It is worth mentioning that this year some of the tax support policies introduced encourage innovation in enterprises. For example, the pre-tax deduction of r & d costs for stis has increased to 100 per cent. According to the data, the total r & d costs for 2810 listed companies in the first three quarters amounted to 42. 738 billion yuan, an increase of 23 per cent over the previous three quarters. Sixty-two of these companies increased their r & d costs by more than 200 per cent each year。
The increase in the cost of r & d for listed companies, as indicated by baek yambai, is a good indication of the effectiveness of the national tax and fee support policy. Business is happy to see today's r & d investment in “flowering results” tomorrow, leading to innovation-driven development。
“the reduction in corporate tax fees will make the amount of research and development inputs more adequate.” chen shui, chief economist of kawa kei kei securities, said to the daily journalist that, in the long run, the increase in r & d costs symbolized improvements in product quality and production efficiency, while at the same time helping to increase the market share and visibility of enterprises and ultimately the quality of listed companies。
Director-general of the department of economic and social affairs
