Since the beginning of this year, the preferential policy of enterprise R&D expenses plus deduction has been continuously introduced, and tax dividends have been continuously released.
According to the latest data from the State Administration of Taxation, as of the end of October, all kinds of enterprises across the country enjoyed an additional deduction amount of 1.3 trillion yuan in advance, a tax reduction amount of 333.3 billion yuan, and the amount of additional deduction accounted for 77.6% of the annual settlement and payment of last year.
Tax department staff introduce the latest preferential tax policies to enterprises (Photo by Wei Peiquan, Xinhua News Agency)
Policy "red envelopes" stimulate innovation vitality
In order to further encourage scientific and technological innovation and alleviate the pressure on the production and operation funds of enterprises, in September, the tax department issued a new policy to clarify the tax filing period in October 2021, and add a quarterly discount on the basis of allowing enterprises to enjoy the R&D expenses deduction in the first half of the year in advance, that is, in October, they can enjoy the R&D expenses deduction policy in the first three quarters in advance.
"After enjoying the advance deduction of R&D expenses, we can invest more funds in R&D and enhance our independent R&D capabilities." Wang Xiaoxue, tax director of Beijing Xiaomi Mobile Software Co., Ltd., said that this year the company will further increase investment in technology research and development, cultivate high-quality research and development teams, and develop more industry-leading high-precision products.
The double preferential treatment of increasing the proportion of additional deductions and enjoying the expansion of the scope in advance injects development momentum into manufacturing enterprises. Liu Baozhu, a first-level inspector of the Income Tax Department of the State Administration of Taxation, introduced that manufacturing enterprises can not only enjoy the R&D expense deduction policy in advance, but also increase the proportion of additional deduction from 75% to 100%.
"Increased policy support is conducive to stimulating innovation vitality." Liu Baozhu said that from the perspective of the amount of R&D expenses plus deductions, 82.1% of enterprises that enjoy preferential deductions exceed 1 million yuan, and from the average household level, the average R&D investment of enterprises enjoying preferential treatment is 4.565 million yuan, which is measured by comparable calibers, an increase of 13.3% year-on-year.
The process is simplified and the enterprise declaration is facilitated
In order to further facilitate taxpayers to handle taxes, the tax department has greatly streamlined the information filled in the accounts of enterprises, optimized the cost calculation method, and reduced the accounting burden of enterprises. The auxiliary accounts of R&D expenses that enterprises need to fill in to enjoy the policy have been reduced by 75%, the reporting time has been significantly shortened, and the financial workload has been greatly reduced.
"Considering the uneven level of financial accounting of some small and medium-sized enterprises, the tax department has added the 2021 version of the R&D expenditure auxiliary account style, which reduces the difficulty of filling in." Wang Sujiang, a second-level researcher at the Enterprise Income Tax Department of the Beijing Municipal Taxation Bureau, said.
Feng Qian, a financial officer of Chongqing Zhizhike Science and Technology Development Co., Ltd., said that the new policy has added a more concise R & D expenditure auxiliary account style, and enterprises can use both the old version and the new version, and can also set themselves according to the situation of the enterprise, which greatly reduces the tax burden.
In addition, the new policy also changes the original calculation of the "other related expenses" limit according to each R&D project to the unified calculation of the "other related expenses" limit of all R&D projects, effectively simplifying the calculation method.
Optimize the service to ensure that the policy dividend is directly connected
In order to ensure the timely and effective implementation of the policy, the tax department has also increased its efforts from the aspects of accurate counseling and fine collaboration to ensure that the policy dividends are directly enjoyed quickly.
"Since the launch of the new policy, the tax department has packaged and pushed the preferential policies to the financial personnel for the first time, and the tax cadres have repeatedly given detailed guidance on the application of relevant policies, report filling in and other matters, and answered questions at any time, which makes us feel very warm." Qian Xiaofeng, head of finance of Beijing Langshi Instrument Co., Ltd., said.
According to the relevant person in charge of the State Administration of Taxation, the State Administration of Taxation adjusted and improved the information system in a timely manner, organized local tax authorities to rely on big data platforms, focused on screening high-tech enterprises, technology-based small and medium-sized enterprises, and enterprises with R&D expenditure over the years, etc., and did a good job of policy publicity and counseling one-on-one to ensure that enterprises enjoyed the policy in a timely manner.
Jiang Zhen, an associate researcher at the Institute of Financial and Economic Strategy of the Chinese Academy of Social Sciences, believes that the R&D expense deduction policy is not only a link in the tax policy system, but also a "bull nose" based on reality and encouraging innovation, and the implementation of the policy helps to create a good tax environment that encourages innovation, is conducive to scientific and technological innovation, and cultivates high-quality development capabilities, and the policy effect will be more significantly reflected in the medium and long term. (Reporter Wang Yuxiao)