Core Viewpoint - The Shaanxi Provincial Government is actively implementing a series of financial policies to support economic growth, enhance public welfare, and ensure fiscal stability amid ongoing challenges [1][2][6]. Financial Policy and Economic Support - Shaanxi has effectively released fiscal policy efficiency, with general public budget expenditure reaching 466.09 billion yuan in the first eight months, with significant increases in spending on science and technology (39.9%), energy conservation and environmental protection (4.7%), social security and employment (4.5%), and education (4.4%) [2]. - The province has utilized various financial tools, including special bonds and subsidies, to support investment and consumption, securing an additional 94 billion yuan in special bonds for key projects [2]. - Structural tax reductions and refunds amounting to 29 billion yuan have been implemented to support technological innovation and manufacturing [2]. Investment in Innovation - Shaanxi has established a 10 billion yuan Science and Technology Innovation Fund to attract long-term investments in hard technology, with four new sub-funds totaling 5.17 billion yuan set up this year [3]. Social Welfare and Employment - The provincial government has allocated 2.48 billion yuan for employment subsidies and vocational training, aiming to stabilize employment [4]. - A total of 27.2 billion yuan has been dedicated to improving educational infrastructure and teacher capabilities, supporting high-quality education initiatives [4]. - Social security standards have been steadily increased, with pension and healthcare subsidies for retirees being raised [4]. Agricultural and Rural Development - Shaanxi has allocated 5.79 billion yuan to support grain production and implement subsidies for farmland protection and agricultural machinery purchases [4]. - An additional 12.71 billion yuan has been earmarked for developing advantageous industries in poverty-stricken areas to enhance local economic resilience [4]. Ecological Protection Initiatives - The province has invested 13.2 billion yuan in ecological protection and restoration projects, focusing on key areas such as the Qinling Mountains and the Yellow River [5]. - A new ecological compensation agreement with Hubei has been signed to enhance cross-province environmental protection efforts [5]. Fiscal Reform and Risk Management - Shaanxi is committed to deepening fiscal reforms to enhance governance and mitigate debt risks, with 73.2 billion yuan in special bonds issued for debt resolution this year [6]. - The province is focusing on improving the efficiency of fiscal management and ensuring that more funds are directed towards public welfare [6].

Group 1 - The core viewpoint emphasizes the effectiveness of structural tax reduction and fee reduction policies in promoting high-quality development in China's manufacturing industry, with significant financial support for technological innovation and manufacturing reaching 2.6 trillion yuan in 2024 [1] - From January to May this year, tax reductions and refunds supporting technological innovation and manufacturing amounted to 636.1 billion yuan, with high-tech industry sales revenue increasing by 14.2% year-on-year, and digital economy core industries growing by 10%, significantly outpacing the national average [1][2] - Advanced manufacturing sectors, such as computer manufacturing and intelligent equipment manufacturing, saw sales revenue growth of 21.6% and 19.4% year-on-year, respectively [1] Group 2 - The long-term implementation of large-scale tax reductions has somewhat lowered the macro tax burden and promoted technological innovation and economic development, with a focus on supporting key areas like technological innovation and manufacturing [2] - Tax incentives have been enhanced, such as increasing the R&D expense deduction ratio to 100% and further to 120% for integrated circuit and industrial mother machine enterprises, which has effectively mobilized resources towards technological research and development [2] - The current fiscal pressure necessitates a focus on specific fields and key links, as public budget revenue from January to May decreased by 0.3%, and government fund budget revenue fell by 6.9%, indicating ongoing fiscal challenges [3] Group 3 - Future efforts should strengthen multi-department coordination to ensure that structural tax reduction policies effectively support technological innovation and manufacturing, creating a comprehensive policy support system for enterprise growth and innovation [4] - The tax authority reported that in 2024, 34.6 million instances of tax incentives supporting technological innovation were promoted, highlighting the need for improved policy implementation and service mechanisms [4] - Tax policies should coordinate with fiscal, financial, industrial, and consumption policies to enhance their effectiveness in supporting the real economy and expanding domestic demand [5]

Core Viewpoint - The implementation of structural tax reduction and fee reduction policies is crucial for supporting technological innovation and the development of the manufacturing industry, ensuring that policy benefits reach businesses quickly and effectively [1][4]. Group 1: Tax Reduction and Economic Impact - In 2024, the amount of tax reductions and refunds supporting technological innovation and manufacturing is projected to reach 2.6 trillion yuan [1]. - From January to May this year, the tax reductions and refunds for key policies supporting technological innovation and manufacturing amounted to 636.1 billion yuan [1]. - High-tech industry sales revenue increased by 14.2% year-on-year, while the core digital economy industry grew by 10%, significantly outpacing the overall national growth rate [1]. Group 2: Policy Focus and Stability - Recent tax policies emphasize continuity, stability, and precision, aiming to reduce the tax burden on enterprises and enhance their sense of gain [2]. - The R&D expense deduction ratio has been gradually increased to 100%, with further increases to 120% for integrated circuit and industrial mother machine enterprises [2]. - Tax incentives are designed to mobilize more resources towards technological research and development, aiding manufacturing enterprises in their transition to high-end, intelligent, and green production [2]. Group 3: Fiscal Challenges and Coordination - Despite a recovering economy, fiscal revenue growth remains pressured due to low prices, with general public budget revenue declining by 0.3% from January to May [3]. - The reduction in tax and fee policies may temporarily pressure local fiscal revenues, necessitating improved efficiency in tax policy implementation [3]. - There is a need for enhanced coordination among various policies to leverage technological innovation for the development of new productive forces [3]. Group 4: Future Directions and Policy Implementation - Future efforts should focus on multi-departmental coordination to ensure the effective implementation of tax and fee reduction policies in key areas [4]. - A comprehensive policy support system covering the entire lifecycle of enterprise growth and innovation is essential [4]. - The tax authority plans to push 34.6 million instances of tax and fee incentives supporting technological innovation in 2024 [4]. Group 5: Broader Policy Integration - Tax policies should align with fiscal, financial, industrial, and consumption policies to better support domestic demand and the real economy [5]. - Governments are encouraged to optimize expenditure structures, prioritizing technology as a key spending area [5]. - Structural monetary policies should be enhanced to support early, small, long-term, and hard technology investments, promoting a virtuous cycle among technology, industry, and finance [5].

Group 1 - The cumulative tax cuts and fee reductions in China from 2021 to the first half of this year reached 9.9 trillion yuan, expected to reach 10.5 trillion yuan by the end of this year, averaging over 2 trillion yuan annually [1] - Tax cuts and fee reductions are crucial for reducing the burden on enterprises and stimulating market vitality, allowing more funds for reinvestment and enhancing the multiplier effect of investments [1][2] - Structural tax cuts aim to allocate more resources to critical areas for national development, supporting the construction of a modern industrial system, with significant tax incentives for R&D expenditures [1] Group 2 - The manufacturing sector is a key focus of structural tax cuts, with measures like lowering VAT rates and increasing VAT refunds, contributing to the growth of manufacturing enterprises [2] - From 2021 to 2024, the sales revenue of manufacturing enterprises is expected to maintain around 29% of total enterprise sales, with high-end and high-tech manufacturing sectors showing annual growth rates of 9.6% and 10.4% respectively [2] - Tax cuts not only expand production and exchange but also enhance resource allocation efficiency and support the construction of a unified national market [2] Group 3 - The emphasis on improving the quality and efficiency of tax policies is essential, with a focus on utilizing tax data to better implement policies and support innovation and manufacturing [3] - Future tax policies should be refined to support foundational R&D and the transformation of technological achievements, particularly in emerging sectors like new energy and robotics [3] - The approach of using tax reductions to enhance enterprise efficiency and market vitality is a vital pathway for promoting high-quality economic development in China [3]

今年以来，山西税务部门不折不扣落实党中央、国务院关于落实好结构性减税降费政策决策部署，着力 推动政策红利精准快速直达经营主体。今年1—5月，现行支持科技创新和制造业发展的主要政策减税降 费及退税达59.37亿元。其中，高新技术企业减按15%税率征收企业所得税等支持培育发展高新技术企 业和新兴产业的政策减税20.44亿元；先进制造业企业增值税加计抵减等支持制造业高质量发展的政策 减税降费及退税34.32 亿元。 "税务部门不仅为我们进行了'税收体检'、出具了报告，还专门组建服务团队上门解读。"李卫阳表示， 这种精细化的服务为企业规范纳税管理、精准把控政策要求提供了极大帮助。 "税惠春风"吹拂 数实融合进程逐步向好 技术创新是企业向绿而行、高质量发展的动力源泉。 "税收体检"把脉 服务智能设备制造加速冲刺 流水线上机械臂舞动，平均每两分钟就有一台崭新的新能源汽车驶下生产线，在山西吉利汽车部件有限 公司的智慧工厂里，晋中市最大的制造业企业正开足马力奔向千亿级产业目标。 "在企业发展的关键节点，税务部门退税减税的'礼包'不断，有力地支持了我们的创新与发展。"山西吉 利汽车部件有限公司总经理李卫阳拿着刚收到的《税收体检 ...

Group 1 - The National Taxation Administration has implemented structural tax reduction and fee reduction policies since 2025, with a focus on delivering policy benefits directly to businesses. In the first five months of this year, tax reductions and refunds supporting technological innovation and manufacturing reached 636.1 billion yuan [1] - In the first five months, high-tech enterprises benefited from tax reductions totaling 140.7 billion yuan, driven by a series of tax incentives aimed at supporting technological innovation. The sales revenue of high-tech industries increased by 14.2% year-on-year, significantly outpacing the overall national growth rate [2] - The manufacturing sector has seen a sales revenue increase of 4.2% year-on-year in the first five months, with advanced manufacturing sectors like computer manufacturing and intelligent equipment manufacturing growing by 21.6% and 19.4%, respectively. Tax reductions and refunds for advanced manufacturing reached 415.8 billion yuan [3] Group 2 - The introduction of the "Guidelines for Major Tax and Fee Incentives Supporting Technological Innovation" in 2024 aims to cover all aspects of technological innovation activities, including corporate income tax and value-added tax [2] - The "Guidelines for Major Tax and Fee Incentives Supporting Manufacturing Development" released in 2024 include 31 policies designed to provide comprehensive guidance for taxpayers and tax officials, facilitating better understanding and application of the policies [3] - The tax authorities are committed to ensuring that policy benefits are quickly and accurately delivered, while also cracking down on fraudulent claims for tax incentives [3]

Group 1 - In the first quarter of this year, tax and fee reductions and refunds in Sichuan province reached 15.54 billion yuan, with over 60% benefiting manufacturing taxpayers [1] - The structural tax reduction policy in China is shifting from "universal support" to "precise incentives," creating a virtuous cycle of "R&D investment - technological breakthroughs - tax feedback" [1] - A total of 2,856 enterprises in Sichuan benefited from the advanced manufacturing VAT deduction policy, with a year-on-year increase of 7.1%, amounting to a tax reduction of 1.062 billion yuan [1] Group 2 - Since the introduction of the digital transformation action plan for manufacturing in Sichuan, the R&D investment intensity in the manufacturing sector has risen to 2.8% [2] - The tax department has conducted 17 batches of precise policy push, reaching 6,239 enterprises to support technological innovation and manufacturing development [2]

Group 1: Tax Policies and Support for Innovation - In the first quarter of this year, tax reductions and refunds supporting technological innovation and manufacturing reached 424.1 billion yuan, accelerating high-quality development in these sectors [1] - A series of tax incentives have been introduced, including a 100% pre-tax deduction for R&D expenses and a 120% deduction for integrated circuit and industrial mother machine companies [2] - The publication of two guides on tax incentives for technological innovation and manufacturing development demonstrates a systematic approach to support these sectors [4] Group 2: Growth in Manufacturing and High-tech Industries - In the first four months of this year, manufacturing sales revenue increased by 4.7%, with high-tech manufacturing growing by 12.2% [3] - Advanced manufacturing sectors, such as computer and smart device manufacturing, saw sales revenue growth of 23.8% and 15.7%, respectively, indicating a strong innovation-driven growth [3] - The growth in high-tech industries, with a 13.9% increase in sales revenue, reflects a positive trend in innovation-driven sectors [1][3] Group 3: Implementation and Compliance of Tax Policies - The tax authorities are committed to ensuring that tax benefits reach the intended recipients quickly and effectively, utilizing big data for policy implementation [5] - Continuous support and guidance are provided to taxpayers to enhance compliance and prevent fraudulent claims for tax benefits [5]