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Shandong to cut taxes and fees by about 170 billion yuan more this year

2022/3/30 15:50:05   source:sdchina.com

According to a press conference held on March 29 by the Information Office of Shandong Provincial People’s Government, this year, Shandong will introduce a series of combined tax and fee support policies on the basis of implementing national policies to further increase tax and fee reductions. According to preliminary calculations, the province will cut taxes and fees by about 170 billion yuan this year, and increase tax rebates by more than 90 billion yuan.

Liu Xingyun, director of the Department of Finance of Shandong Province, this year's tax and fee reduction policies, featuring high precision and synergy, focus on three aspects: the first is to highlight small and medium-sized enterprises, with multiple policies such as tax reduction, tax deferred, and tax rebate superimposed; the second is to highlight 6 key industries such as manufacturing, scientific research and technical services, and effectively alleviate the financial pressure on enterprises by implementing policies such as tax rebates; the third is to highlight scientific and technological innovation, encourage enterprises to increase investment in research and development, and cultivate and expand new driving forces.

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