The Ministry of Finance of the People's Republic of China, with the power of taxation and government, said that during the "Twelfth Five-Year Plan" period, the scope of value-added tax will be expanded, the tax on business tax and other taxes will be reduced, the scope of consumption tax and tax rate will be adjusted, and the tax that is conducive to industrial structure upgrading and service industry development will be improved. policy.
At the same time, gradually establish and improve the individual income tax system combining comprehensive and classified; levy environmental protection tax; research and promote real estate tax reform, and improve the property tax system. In accordance with the principle of strengthening taxation and regulating non-tax revenue, we will continue to promote tax and fee reform; gradually improve the local tax system, give provincial governments appropriate tax administration authority; and rationalize the fiscal distribution relationship between governments at all levels in accordance with the requirements of matching financial resources with power.
Chinese Minister of Finance Xie Xuren made the above introduction at the National Financial Work Conference held in Beijing on the 27th.
Xie Xuren pointed out that in 2011, China will continue to implement structural tax cuts, continue to implement preferential income tax policies for some small and meager profit enterprises, promote industrial structure upgrading and service industry development, and implement tax incentives that are conducive to energy conservation, environmental protection and employment. . At the same time, rationally adjust the national income distribution relationship, improve the dual control policies on the total wages and wage levels of the monopoly industries, improve the personal income tax system, and increase the scale of financial subsidies.
In addition, in 2011, it will support the production of basic necessities such as grain, oil, vegetables and cotton, stabilize the supply of chemical fertilizers, coal and refined oil, and promote the balance between supply and demand in the market and basically stable prices.
At the national financial work conference, Xie Xuren frankly stated that the rapid growth of fiscal revenue is difficult to sustain. Accelerating economic restructuring and improving people's livelihood needs to increase financial input. The contradiction between fiscal revenue and expenditure is very prominent.
At the same time, gradually establish and improve the individual income tax system combining comprehensive and classified; levy environmental protection tax; research and promote real estate tax reform, and improve the property tax system. In accordance with the principle of strengthening taxation and regulating non-tax revenue, we will continue to promote tax and fee reform; gradually improve the local tax system, give provincial governments appropriate tax administration authority; and rationalize the fiscal distribution relationship between governments at all levels in accordance with the requirements of matching financial resources with power.
Chinese Minister of Finance Xie Xuren made the above introduction at the National Financial Work Conference held in Beijing on the 27th.
Xie Xuren pointed out that in 2011, China will continue to implement structural tax cuts, continue to implement preferential income tax policies for some small and meager profit enterprises, promote industrial structure upgrading and service industry development, and implement tax incentives that are conducive to energy conservation, environmental protection and employment. . At the same time, rationally adjust the national income distribution relationship, improve the dual control policies on the total wages and wage levels of the monopoly industries, improve the personal income tax system, and increase the scale of financial subsidies.
In addition, in 2011, it will support the production of basic necessities such as grain, oil, vegetables and cotton, stabilize the supply of chemical fertilizers, coal and refined oil, and promote the balance between supply and demand in the market and basically stable prices.
At the national financial work conference, Xie Xuren frankly stated that the rapid growth of fiscal revenue is difficult to sustain. Accelerating economic restructuring and improving people's livelihood needs to increase financial input. The contradiction between fiscal revenue and expenditure is very prominent.
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