Core Insights - The "14th Five-Year Plan" period is expected to see a cumulative reduction in taxes and fees reaching 10.5 trillion yuan, with export tax refunds exceeding 9 trillion yuan [1][2] - The implementation of the VAT law and comprehensive revision of the tax collection law marks significant progress in tax reform and improvement of the business environment [1][2] Tax Reduction and Fee Exemption - A series of tax and fee reduction policies have been implemented focusing on supporting technological innovation and manufacturing, with a cumulative reduction of 9.9 trillion yuan from 2021 to mid-2023, projected to reach 10.5 trillion yuan by the end of the year [2] - Tax reductions benefiting the private economy amount to 7.2 trillion yuan, accounting for 72.9% of the total, while small and micro enterprises have received 6.3 trillion yuan, representing 64% of the total [2] - The number of individuals benefiting from personal income tax deductions increased by 55% to 119 million, with tax reductions rising from 116 billion yuan in 2020 to nearly 300 billion yuan, a growth of 156.5% [2] Green Tax System Development - The green tax system has been enhanced, generating 2.5 trillion yuan in revenue from environmental protection and resource taxes from 2021 to mid-2023, while tax incentives for green development have led to reductions of 1.5 trillion yuan [3] Legal Governance System Improvement - The tax governance system has been strengthened with the implementation of new regulations, including the management of digital invoices and tax information reporting for internet platform enterprises [4] - A total of 62,100 tax law violators were investigated, recovering 571 billion yuan in tax losses, with over 3.75 million A-level taxpayers identified in 2024, an increase of nearly 1 million since 2020 [4] Optimization of Tax Business Environment - The tax authority has simplified tax payment processes, reducing required documentation by 50% and paper submissions by over 25% [5] - The annual tax payment time for businesses has been reduced by 78.2%, ranking among the best globally [5] - The transition to digital invoicing has eliminated the need for 30 billion paper invoices annually, saving businesses over 100 billion yuan in costs [5][6]