This year's two sessions sent a "big red envelope" with the keyword "tax reduction and fee reduction", which is really exciting. "Deduction of taxes and fees" has become one of the hot topics of the two sessions. The implementation of large-scale tax cuts will bring both inclusive tax cuts and structural tax cuts, and tax cuts and fee reductions will be unprecedented.

"The Prime Minister's work report is full of dividends, which greatly exceeds our expectations, especially the reduction of the VAT rate, so that the tax cuts and windfalls are even stronger!" said Zhou Xuefang, chairman of Fuyang Shenjiu Home Textiles Co., Ltd. He introduced that the reduction of the VAT rate not only allows enterprises to increase their net profit margin, but more importantly, enterprises have more R&D funds, which is conducive to the transformation and upgrading of enterprises. The development of enterprises is better, and the social effects such as employment are more high. According to the company's financial department, according to the company's 17.4 million VAT paid last year, the company can pay 2.45 million VAT after reducing the VAT rate.

Chen Xiaojun, Director of the Goods and Services Tax Section of the Taxation Bureau of Suqian City, introduced the VAT reform to reduce the current 16% tax rate in the manufacturing and other industries to 13%, and reduce the current 10% tax rate in the transportation, construction and other industries. 9%, keeping the tax rate of 6% first grade unchanged. The main beneficiary of the VAT reduction rate is the general taxpayer of value-added tax, which is also the “above-scale enterprise”. The VAT rate is reduced by 1% in 2018, and this year it will drop by 3%, which will effectively reduce the value-added of manufacturing enterprises. Tax burden, increase its profitability and development stamina.

Hubei Botao Synthetic Fiber Co., Ltd. specializes in production and sales: polyester staple fiber, PLA fiber, polypropylene staple fiber, Two Bi-component Fiber, polyethylene staple fiber, Polypropylene Staple Fiber, two-component staple fiber, and Polypropylene Staple Fiber.