中國日報：中國減稅箭在弦上！法國巴黎銀行：2017中國2萬億大減稅/降費，稅費減免可能相當於GDP的2％

新聞 12-23

Chinese companies and individuals are awaiting the unveiling of a more aggressive tax cut plan, which could be soon and aims to lower business costs and reserve more income next year.

Policymakers from the Ministry of Finance and the tax management authority have promoted the plan multiple times amid their strong determination to reduce taxes by a greater margin in 2019, which may reach 1.5 trillion yuan ($217.5 billion) as some economists predict, compared with this year"s tax-cut target of 1.3 trillion yuan.

Individual income tax reduction will be on top of the government"s task list next year, in order to revitalize the private sector and encourage household consumption, a senior official from the State Administration of Taxation told China Daily on Monday.

The upcoming policies will also include tax exemptions for small and medium-sized companies and high-tech enterprises, according to the official.

Once the specific tax cut measures take effect, they will stabilize economic growth and boost market sentiment, economists said.

中國企業和個人正在等待更積極的減稅計劃的公布，該計劃很快就會實現，旨在降低企業成本，並在明年獲得更多收入。

一些經濟學家預測，財政部和稅務管理部門的政策制定者多次推行該計劃，因為他們決心在2019年以更大幅度減稅，可能達到1.5萬億元（2175億美元），與今年相比減稅目標為1.3萬億元。

國家稅務總局的一位高級官員周一告訴「中國日報」，個人所得稅減免將在明年政府的任務清單之上，以振興私營部門並鼓勵家庭消費。

據該官員稱，即將出台的政策還將包括對中小企業和高科技企業的免稅政策。

經濟學家表示，一旦具體的減稅措施生效，它們將穩定經濟增長並提振市場情緒。

Other than aggressively pumping in credit and ramping up infrastructure spending－the measures China previously opted for to support economic growth as downward pressures increase, economists called the tax cut measures "unconventional policy tools", on which China should rely more this time.

Zhang Ming, a researcher with the Chinese Academy of Social Sciences, said that in 2019, the government is likely to further cut the VAT rates by 2 percentage points, which will benefit small and medium-sized enterprises.

"Increased tax cuts for small and medium-sized enterprises could directly reduce their tax burden, improve their business and spur investment," he said.

Since May 1, China has lowered VAT rates by 1 percentage point to 10 percent and 16 percent for the manufacturing, transportation and construction industries.

"Following the reduction of VAT rates, a net reduction of 179.4 billion yuan had been achieved by October, among which 71.45 billion yuan or 39.8 percent was for the manufacturing industry," said Lin Feng, deputy director of the Goods and Services Tax Department of the SAT.

In addition to VAT cuts, the individual income tax cut in 2019 could boost consumption by 240 billion yuan, which could raise GDP growth by 0.3 percentage points, according to recent research by Nomura Securities.

As the Tokyo-based securities company calculated, the individual income tax cut that was recently implemented will save taxpayers up to 436 billion yuan annually, with 320 billion yuan from the higher tax-free monthly allowance and 116 billion yuan from the introduction of new deductible items.

The individual income tax reform started from October, and it has cut taxes by 31.6 billion yuan through raising the tax threshold to 5,000 yuan in monthly income from 3,500 yuan. The special deduction of individual income tax, from Jan 1, 2019, will further lower the individual tax burden.

除了積極提高信貸和增加基礎設施支出 - 中國此前選擇支持經濟增長的措施，因為下行壓力增加，經濟學家稱減稅措施是「非常規政策工具」，中國此次應該更多地依賴這些工具。

中國社會科學院研究員張明表示，2019年，政府可能會進一步降低增值稅稅率2個百分點，這將有利於中小企業。

「增加對中小企業的減稅可以直接減輕他們的稅收負擔，改善他們的業務並刺激投資，」他說。

自5月1日起，中國已將製造業，運輸業和建築業的增值稅率降低1個百分點至10％和16％。

「增值稅率降低後，10月份實現凈減少1794億元，其中製造業減少714.5億元，佔39.8％，」商品和服務稅務部副主任林峰表示。 SAT。

野村證券（Nomura Securities）最近的研究顯示，除了削減增值稅外，2019年個人所得稅減少可能會使消費增加2400億元，這可能會使GDP增長率提高0.3個百分點。

正如這家總部位於東京的證券公司所計算的那樣，最近實施的個人所得稅減免將使納稅人每年節省高達4360億元人民幣，其中3200億元來自更高的免稅月度津貼和1160億元人民幣的新免賠額。項目。

個人所得稅改革從10月開始，通過將稅收門檻從3500元提高到月收入5000元來減稅316億元。從2019年1月1日起，個人所得稅的特別扣除將進一步降低個人所得稅負擔。

法國巴黎銀行——China:Deeper tax/fee cuts beckon in 2019