中国规范税收优惠政策行动密集拉开

Core Viewpoint - The article discusses China's ongoing efforts to regulate and standardize tax incentives as part of the broader initiative to build a unified national market and promote fiscal sustainability [3][4]. Tax Incentive Regulation - The regulation of tax incentives is not a new trend, but the intensity of policy adjustments has significantly increased this year [4]. - The implementation of the VAT Law on January 1, 2024, has led to a series of related regulations, with some tax incentives being retained while others have been canceled [4][5]. - New tax incentives have been introduced, such as the reduction of the personal income tax rate on home sales from 5% to 3% to support housing consumption [4]. Changes in Specific Tax Policies - Certain VAT incentives have been canceled, including the exemption for profit-making medical beauty institutions and the 1% tax rate for companies with sales exceeding 5 million [5]. - The Ministry of Finance has extended and adjusted several tax incentives, including those related to personal income tax for housing purchases and VAT policies for foreign institutions investing in government bonds [6]. Expert Opinions on Tax Incentives - Experts highlight the fragmented nature of current tax incentives, with over 846 effective tax reduction policies covering various tax types, leading to instability and unpredictability for taxpayers [7]. - There is a consensus among experts that tax incentives should adhere to the principle of tax legality, and local governments should not create their own tax incentives beyond legal authorization [7][8]. Fiscal Sustainability and Tax Policy - The removal of outdated tax incentives is seen as beneficial for fiscal sustainability, as excessive and disorganized tax incentives can increase fiscal pressure [9]. - Data indicates that in 2025, national public budget revenue decreased by 1.7%, while expenditure increased by 1%, highlighting the growing fiscal imbalance [9]. - The article emphasizes that regulating tax incentives is not merely about reducing them but involves systematic governance to create a fair and transparent tax system [10].