Economy

In the first 8 months, the manufacturing industry enjoyed nearly 1.3 trillion yuan in tax reductions, fee reductions, and tax refunds

2025-10-16   

The high-quality development of manufacturing industry is of paramount importance to the high-quality development of China's economy. Since the beginning of this year, the tax department has deeply implemented the deployment requirements of the Party Central Committee and the State Council to "implement structural tax reduction and fee reduction policies, and focus on supporting scientific and technological innovation and manufacturing development", continuously optimizing tax and fee services, and promoting policy dividends to accurately and quickly reach business entities. On October 15th, the reporter learned from the State Administration of Taxation that from January to August this year, the main policies supporting the development of the manufacturing industry in the current policies were tax reduction, fee reduction, and tax refund of 1292.5 billion yuan. The tax reduction and fee reduction dividends of "real gold and silver" have reduced the burden on enterprises and provided strong support for the high-quality development of the manufacturing industry. Among them, the policy of additional deduction for research and development expenses and the policy of reducing enterprise income tax by 15% for high-tech enterprises have provided a preferential treatment of 485.7 billion yuan; The value-added tax additional deduction policy for advanced manufacturing, integrated circuit, and industrial mother machine enterprises is discounted by 112 billion yuan; Other policies supporting the development of the manufacturing industry have provided preferential treatment of 694.8 billion yuan. Supported by a series of policies, including tax and fee policies, the manufacturing industry has shown a good development trend in the first three quarters of this year, with steady progress towards high-end, intelligent, and green processes. According to the value-added tax invoice data, in the first three quarters, the sales revenue of the manufacturing industry increased by 4.7% year-on-year, accounting for 29.8% of the national enterprise sales revenue, providing important support for economic growth. The transformation towards high-end products is rapidly advancing. In the first three quarters, the sales revenue of the equipment manufacturing industry increased by 9% year-on-year, accounting for 46.9% of the manufacturing industry. In particular, the sales revenue of manufacturing industries such as computer communication equipment and industrial mother machines increased by 13.5% and 11.8% year-on-year, respectively; The sales revenue of industries related to "major national heavy equipment" such as aircraft, high-speed train sets, and deep-sea oil drilling equipment increased by 12.5%, 16.1%, and 20.8% year-on-year, respectively. The effectiveness of intelligent transformation is evident. In the first three quarters, the amount of digital technology purchased by manufacturing enterprises increased by 10.6% year-on-year, and higher investment helped some intelligent industries accelerate their upgrading pace. The intelligent device manufacturing industry represented by robots and drones increased by 23.6% year-on-year. The green transformation is unfolding in an orderly manner. In the first three quarters, the sales revenue of high energy consuming manufacturing accounted for 28.9% of the manufacturing industry, a decrease of 1.4 percentage points compared to the same period last year; The procurement of energy-saving and environmental protection services in the manufacturing industry increased by 34% year-on-year, reflecting the continuous increase in investment in green governance. The overall tax revenue of the manufacturing industry has maintained steady growth. Tax data shows that in the first three quarters, the tax revenue of the manufacturing industry increased by 5.8% year-on-year, with some high-end manufacturing industries experiencing faster tax growth, such as new energy vehicles, railway ships, aerospace and other transportation equipment, computer communication equipment, etc. The tax revenue of manufacturing industries increased by 49.7%, 31.4% and 12% year-on-year, respectively; The prices of bulk commodities such as steel and non-ferrous metals have stabilized and rebounded, and the profitability of related industries has significantly improved. The income tax of enterprises in the two industries increased by 11.7% and 32.2% year-on-year, respectively. Chen Binkai, Vice President of the Central University of Finance and Economics, believes that from the above tax data, a series of tax reduction and fee reduction policies have effectively reduced the burden on manufacturing enterprises, supported their production and operation, and promoted the continuous development and growth of the manufacturing industry. Meanwhile, enterprises have continued to contribute tax revenue to their development, forming a virtuous cycle. (New Society)

Edit:Yao jue Responsible editor:Xie Tunan

Source:Securities Daily

Special statement: if the pictures and texts reproduced or quoted on this site infringe your legitimate rights and interests, please contact this site, and this site will correct and delete them in time. For copyright issues and website cooperation, please contact through outlook new era email:lwxsd@liaowanghn.com

Recommended Reading Change it

Links