“十四五”时期，税收改革发展取得积极效果——税费优惠政策为高质量发展注入强劲动力

Core Insights - The "14th Five-Year Plan" period in China is characterized by stable economic growth, with tax revenue expected to exceed 155 trillion yuan, accounting for approximately 80% of total fiscal revenue [1] - Cumulative tax reductions and fee cuts are projected to reach 10.5 trillion yuan, significantly supporting economic and social development [2] Tax Policy and Economic Impact - A series of tax and fee reduction policies have been implemented, resulting in a cumulative reduction of 9.9 trillion yuan from 2021 to mid-2023, with an expected total of 10.5 trillion yuan by the end of the year [2] - Tax incentives focused on supporting technological innovation and advanced manufacturing have led to 3.6 trillion yuan in reductions, representing 36.7% of the total [2] - The private economy has benefited significantly, with 7.2 trillion yuan in tax reductions for private enterprises, accounting for 72.9% of the total [2] Manufacturing and Innovation - Manufacturing sector sales revenue has consistently represented about 29% of total enterprise sales from 2021 to 2024, with high-end and high-tech manufacturing showing annual revenue growth of 9.6% and 10.4%, respectively [3] - R&D expense deductions have been optimized, with 3.32 trillion yuan in deductions expected for 2024, marking a 25.5% increase from 2021 [3] Green Taxation - The green tax system has been enhanced, with environmental protection and resource taxes generating 2.5 trillion yuan in revenue from 2021 to mid-2023, alongside 1.5 trillion yuan in tax reductions for green development [4] Personal Income Tax Reforms - The personal income tax system has been improved to promote equitable distribution and enhance compliance, with the top 10% income earners paying about 90% of the total personal income tax [5] - Over 1 billion individuals benefited from special deductions, with a significant portion of the benefits going to the 30-55 age group [6] Smart Taxation Initiatives - The "Smart Taxation" initiative aims to enhance the tax payment experience, reducing the need for physical visits and paperwork, thus improving the overall business environment [7] - By mid-2023, over 61 million taxpayers utilized digital invoices, accounting for over 90% of total invoice amounts, improving efficiency in financial transactions [8]