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State Standing Committee: Reduce purchase tax by 60 billion

Publish Date: 2022.05.24

  On May 23, the executive meeting of the State Council pointed out that the current downward pressure on the economy continues to increase, and many market players are very difficult. Development is the basis and key to solving all problems in our country. The meeting decided to implement 33 measures in 6 areas, including a phased reduction of 60 billion yuan in the purchase tax of some passenger vehicles, covering tax reduction, financial support, consumption promotion and effective investment, and strive to push the economy back to normal. track.


  The following are the main contents of the measures:


  The first is fiscal and related policies. In more industries, the full amount of existing and incremental tax rebates have been implemented, with an increase of more than 140 billion yuan in tax rebates, and a tax rebate of 2.64 trillion yuan for the whole year. The policy of delaying the payment of social insurance premiums to the end of the year for individual industrial and commercial households of small, medium, and micro enterprises and 5 industries in extreme poverty will be extended to the end of the year, and the policy will be extended to other industries in extreme poverty. It is estimated that the payment of 320 billion yuan will be deferred this year. Expand unemployment insurance training subsidies for job retention to all insured enterprises in difficulties. The re-guarantee cooperation business of the National Financing Guarantee Fund increased by more than 1 trillion yuan.


  The second is financial policy. This year, the amount and proportion of inclusive small and micro loan support tools will be doubled. For small, medium and micro enterprises, individual industrial and commercial household loans, truck loans, and personal housing loans and consumer loans in distress, banks will be supported to postpone repayment of principal and interest within the year; for the 90 billion yuan truck loan issued by the central automobile enterprises, the bank-enterprise linkage should delay the repayment of principal and interest for half a year.


  The third is to stabilize the industrial chain and supply chain. Optimize the policy of resumption of work and production. Ensure the smooth flow of freight, cancel the restrictions on passage from areas with low risk of the epidemic, and cancel the regulations and charges for unreasonable limits. Orderly increase domestic and international passenger flights.


  The fourth is to promote consumption and effective investment. The purchase tax of some passenger cars will be reduced by 60 billion yuan in stages. City-specific policies support rigid and improved housing needs. A new batch of water conservancy projects, especially large-scale water diversion irrigation, transportation, renovation of old communities, and underground integrated pipe corridors, etc., will be started, and banks will be guided to provide large-scale long-term loans.


  Fifth, ensure energy security. We will implement local coal production responsibilities and adjust the policy of increasing coal mine production capacity. Start a batch of energy projects.


  The sixth is to do a good job in unemployment insurance, subsistence allowances, and assistance to the needy, and timely activate the linkage mechanism between social assistance and security standards and price increases as appropriate.


  This article is reproduced from Gasgoo

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