After nearly a year of argumentation, the financial and taxation support policies for strategic emerging industries that are attracting attention from all parties will be issued in succession in the second half of the year. The forthcoming series of fiscal and tax support policies include increasing financial investment, increasing government procurement, and lowering corporate income tax. In the second half of the year, the country will actively use fiscal funds to encourage independent innovation and guide social capital to invest in strategic emerging industries.

“An important direction of the next fiscal policy is to actively support the healthy development of strategic emerging industries. This aspect has been considered more fully,” said the person in charge of the relevant department of the Ministry of Finance. It is understood that in the past year, under the coordination of the Inter-ministerial Coordination Office of the National Strategic Emerging Industries, related ministries and commissions have conducted research and development on the fiscal and tax support policies for strategic emerging industries.

Regarding the guiding ideology of the fiscal and tax support policies for strategic emerging industries, relevant ministries and commissions believe that on the one hand, we must adhere to market guidance and government support. Adhere to the guidance of market demand, guide the investment of social capital, technology, and talents, increase the support for fiscal, taxation, and financial support for strategic emerging industries, mobilize the enthusiasm of companies for R&D production, and encourage innovation and improve mechanisms. With enterprises as the core, build a strategic emerging industry technology innovation platform to increase research and development capabilities and production and management levels.

Since August of last year, officials and experts of relevant state ministries and commissions have conducted research on the development of strategic emerging industries in the relevant provinces and cities. The research team believes that increasing financial investment in science and technology is an important policy to support the development of strategic emerging industries. An expert who participated in the research and discussion stated that the policies introduced in the future need to ensure that the increase in financial science and technology investment is significantly higher than the increase in fiscal recurring income. It will also select important industries and priority areas for development in strategic emerging industries and adjust the structure of financial science and technology inputs. .

It is understood that for strategic emerging industries, the fiscal policy will focus on innovating financial support methods to form a diversified, multi-channel investment system for science and technology. “In terms of specific operations, various methods such as financial subsidies, funds, interest subsidies, etc. may be integrated,” said Zhang Bin, director of the Tax Research Office of the Institute of Finance and Industry of the Chinese Academy of Social Sciences.

In the second half of the year, the state will play the guiding role of fiscal funds in motivating independent innovation of enterprises, adopting multiple support methods and guiding enterprises and social forces to increase scientific and technological input. Comprehensive use of loan interest subsidy, risk investment, repayment funding and other input methods to give priority support to new industry technology innovation activities, guide enterprises to increase scientific and technological investment, further consolidate the company’s dominant position in science and technology investment, and improve the use of financial science and technology funds The performance evaluation system will strengthen the full supervision of the financial science and technology funds and maximize the benefits of financial science and technology investment.

According to reports, increasing government procurement is also an important policy content that will support the development of strategic emerging industries in the future. Relevant experts indicated that the future policy will further improve the government procurement review method, give priority to new emerging products in strategic emerging industries, and establish and improve the government procurement and ordering system that encourages independent innovation in strategic emerging industries.

In the future, the taxation policy for strategic emerging industries will establish two guiding principles. First, regional encouragement will be the main priority. The next step will be to encourage industry. The value orientation and objectives of the entire taxation law must match the development of the entire industry; Under the current taxation system, the existing tax law cannot be dismembered, and in particular the principle of fairness of the existing tax law cannot be undermined. According to reports, in the future, it is most likely that some corporate income tax incentives will be implemented, including reduction of income, deductions, deductions, taxation, tax reductions, investment deductions, and investment credits.

"We must design and implement differentiated taxation policies according to the technological content and stage of industrialization, and encourage local governments and enterprises to devote more resources to the cultivation of strategic emerging industries." Heads of High Technology Research and Development Bureau, Chinese Academy of Sciences Indicated.

According to the expectations of relevant parties, specific tax incentives in the future also include the implementation of preferential tax policies for high-tech enterprises in strategic emerging industries, and the collection of corporate income tax on high-tech enterprises at a relatively low tax rate for the productive use of high-tech enterprises. The city's urban construction supporting fees are subject to a certain amount of deductions, and deductions or deductions are made before taxes on research and development expenses. In addition, since the identification of strategic emerging industry enterprises, relevant financial departments at various levels will award a certain percentage of the local income tax rate for different years; for new products listed in all levels of high-tech product projects, new VAT will be added. A certain percentage of retention is calculated as grants for grants.

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