China to increase financial support for small and medium-sized enterprises

BEIJING, October 31 (Xinhua): Every effort to lighten the burden of small and medium-sized enterprises--our country to increase financial support for small and medium-sized Enterprises reporter Roxatidine, han, He Yuxin SME development is to maintain the steady and rapid development of China's national economy is an important basis for our small and medium-sized enterprises, widely distributed, undertook a large number　　Timely support for SME policy will enable SMEs affected by the international financial crisis to get on track and resume and further develop their production operations.　　Increasing investment to ensure financial guidance year by day according to the State Council issued a few opinions on further promoting the development of small and medium-sized enterprises, to increase financial support, implement and improve the tax preferential policies, further reduce the social burden of small and medium-sized enterprises, help SMEs overcome difficulties and achieve good and rapid development. Since the onset of the global financial crisis last year, financial departments at all levels have taken active measures to support the healthy development of SMEs.　　2008, the central and provincial government to arrange a total of 28.85 billion yuan of funds to support the development of small and medium-sized enterprises, promote SME technology innovation, industrial upgrading and international market development. In order to further promote the development of SMEs and play a financial guiding role, the central government in 2009 to increase SME development funds from 3.9 billion yuan to 9.6 billion yuan. Actively encourage and guide local finance to increase the financial investment and policy support for SMEs.　　At the same time, a series of tax incentives to reduce the burden of small and medium-sized enterprises. As the most active economy in the market economy, small and medium-sized enterprises have the most patents and new product development capabilities in our market.　　Reducing the burden of small and medium-sized enterprises and supporting encouraging SMEs to achieve faster development through technological innovation and structural adjustment is an important link of economic restructuring and the transformation of economic growth patterns in China. Many efforts to reduce the operating costs of enterprises in reducing the burden of small and medium enterprises. The State Council pointed out that for the difficult SMEs affected by the financial crisis, in addition to the support for social insurance fees or lower rates, the income from January 1, 2010 to December 31 will be less than 30,000 yuan (including 30,000 yuan) of small profit enterprises, which shall be reduced to 50% per cent of taxable income,　　The enterprise income tax is paid at a rate of 20%. Experts said that the policy of halving the tax base for the development of small and medium-sized enterprises is of great significance, SMEs are the main force to solve the employment problem, so at present the core of China's economic stimulus should be to invigorate small and medium-sized enterprises. As the state has clarified the further reduction of the burden of small and medium-sized enterprises, enterprises will be able to benefit directly from these "New Deal".　　It is estimated that companies can reduce the cost by about 10% next year. In addition, since January 1 last year, China has begun to implement the new enterprise income tax law.　　In order to reduce the burden of small enterprises, the new tax law stipulates that the industrial assets under 30 million yuan, employees within 100 people, profit of less than 300,000 yuan small profit enterprises, minus 20% of the tax rate levied enterprise income tax, compared to other enterprises preferential 5%. New Enterprise Income TaxLaw also stipulates that the state needs to focus on the support of High-tech enterprises, reduced by 15% tax rate.　　For venture capital enterprises engaged in the country needs to focus on support and encouragement of entrepreneurial investment, according to its investment in a certain proportion of deductible taxable income.　　VAT small taxpayer's levy rate from 6% to 3%, stop the levy of self-employed business management fees and market management fees, cancel and stop the levy of 100 administrative fee, adjust the export tax rebate, the implementation of these fiscal policies effectively reduce the burden of small and medium-sized enterprises, so that SMEs benefit significantly. Take the adjustment of export drawback as an example, small and medium-sized enterprises are the main force of China's foreign trade. In order to reduce the impact of financial crisis on foreign trade enterprises and reduce the operating costs of enterprises, our country has adjusted the export drawback policy of textiles and garments for many times last year. According to the latest statistics of the State administration of taxation, September 2009, the national actual export tax rebate (excluding the adjustment library) 40.426 billion yuan, an increase of 45.9%, the chain growth of 22.9%. This month also became the year to handle export tax rebate the highest one months.　　In the first three quarters of this year, the country actually handled export tax rebate 303.779 billion yuan, an increase of 12.4%.　　Credit guarantee system for enterprises to solve the problem of funds the State Council also pointed out that to improve the SME credit guarantee system, a multi-level SME financing guarantee Fund and guarantee institution including central, financial and enterprise joint establishment. According to statistics, from 2006 to 2007, the central government funded a total of 238 million yuan to support SME credit guarantee business, supporting 266 institutions. In 2008, the central government, in addition to arranging 200 million yuan of funds to support, but also to include the national pilot Scope of the non-profit SME credit guarantee, reinsurance institutions, engaged in security business earned income, 3 years of exemption from sales tax.　　2009, the Central financial arrangement of 1 billion yuan funds, funded 330 eligible credit guarantee agencies. "The government financial funds inject credit guarantee institutions, give full play to the multiplier effect of financial fund guidance, effectively motivate the guarantee institutions to provide SMEs with guaranteed loans, to ease the financing of SMEs and guarantee difficult problems played a positive role."　　"The relevant head of the Treasury said. With the state's support for the development of small and medium-sized enterprises in the clear and detailed, at present, China's small and medium-sized enterprises financing difficulties, security difficulties, heavy burden and other issues will be resolved to a certain extent. However, experts also pointed out that the key to good policy is to put into place, although the central government has always advocated for SME support, but there are still local tax authorities on small and medium-sized enterprises quota, set the base, to carry out the apportionment. Therefore, strict implementation of the policy, the local tax authorities should have a mechanism for investigating violations.